trade war that has transpired for the past several months; expecting an increase in demand for oil. Average Dubai crude price in 2019 compared to 2018 declined by 6. 14 $/BBL, the oil price was pressured
Steel Industry According to the World Steel Association’s report on world crude steel production was 444.1 million tons in the first three months of 2019, significant increase by 4.5% compared to the same
crude steel production in the year 2019 from other countries are as follows. The US produced 87.9 MT of crude steel, an increase of 1.5%, Russia produced 71.6 MT of crude steel, below by 0.7%, Brazil
OKEA, of which its share of operational profit from the Draugen Field rose with production volume increment by 7% QoQ, leading to the sales of 2 cargoes of crude oil from the Draugen Field; an increase
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround
performance. As for the oil trading business operated by BCP Trading Pte. Ltd., there was an increase in trade and transactions volume of crude oil and finished products. A result of the company moving forwards
by BCPT Trading Pte. , Ltd. , it recorded increase in the amount of trade and transaction of crude oil and finished product from moving forward in increasing transactions with its trade partners and
pressure on both economic stability and economic expansion, as the country is sensitive to the price of oil. Looking forward to 2005, considerable concern has followed the increase in price of US crude oil
marketing margin declined from the rise in crude oil price in Q1/2019, which caused the finished oil products cost to increase, while the retail price was slower to adjust. Moreover, with the price fix for