Kuwait Petroleum Corporation (KPC) sees continued good demand for oil from China in the second half of the year, its chief executive said on Thursday, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.
El Nino has officially returned and is likely to yield extreme weather later this year, from tropical cyclones spinning toward vulnerable Pacific islands to heavy rainfall in South America to drought in Australia.
Countries are racing to prepare for extreme weather later this year as the world tips into an El Nino a natural climate phenomenon that fuels tropical cyclones in the Pacific and boosts rainfall and flood risk in parts of the Americas and elsewhere.
Iran's navy commander said his country and Saudi Arabia, as well as three other Gulf states, plan to form a naval alliance that will also include India and Pakistan, Iranian media reported on Saturday.
Top oil exporter Saudi Arabia may further slash the official selling prices (OSPs) for all crude grades to Asia in July, a Reuters poll showed, despite the looming OPEC+ meeting that could leave the door open to further output reduction.