Oil Markets Enter “Crucial Period”
OPEC downgraded demand while the IEA said in a report that supply outages are “tightening up” the oil market. With Iran sanctions less than two months away, “we are entering Continue Reading
Saudi Arabia Buys Iron Dome Defense System From Israel
Saudi Arabia is reported to have purchased the Iron Dome missile defence system from Israel signaling a rapprochement between the two countries, according to several diplomatic sources quoted in Al-Khaleej Continue Reading
Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 billion: statement
Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, Continue Reading
Big Three oil states can offset fall in Iran supplies: Perry
MOSCOW (Reuters) – Saudi Arabia, the United States and Russia can between them raise global output in the next 18 months to compensate for falling oil supplies from Iran and Continue Reading
Iran says oil market is too tight for U.S. zero exports target
The U.S. will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, a top Iranian Continue Reading
India Cuts Iranian Oil Imports As U.S. Sanctions Loom
Indian refiners are reducing their intake of Iranian crude oil in preparation for the return of U.S. sanctions on Tehran. The reduction is being seen as an attempt to score Continue Reading
Iran says Saudi Arabia and Russia have taken oil market ‘hostage’: SHANA
Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil Continue Reading
Iran: There Is No Spare Oil Capacity
The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already Continue Reading
U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties
U.S. Secretary of State Mike Pompeo slammed Iran’s Supreme Leader Ali Khamenei for staying silent on reports of China violating the human rights of Muslim minorities, accusing Iran of turning Continue Reading
Panama Canal head expects fewer China, U.S. ships if trade war escalates
Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain Continue Reading