Crude rises on geopolitical tensions despite stock build 0250 GMT: Crude oil futures were higher during mid-morning trade in Asia Thursday amid increasing geopolitical tensions in the Middle East despite Continue Reading
Oil prices pushed higher on Thursday for the third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in Continue Reading
As the automotive sector hits difficult times, electric vehicles are proving to be one area in which horizons seem bright. Global light-duty plug-in electric vehicles were up 43% year on Continue Reading
Recently, Saudi Aramco, the world largest oil exporter, has acknowledged that Ghawar, the world largest oil field, is in decline. The news went mostly unnoticed except in the specialized media. Continue Reading
Iran has officially stopped some commitments under a 2015 nuclear deal with world powers following an order from its national security council, an informed official in the country’s atomic energy Continue Reading
ExxonMobil is starting to evacuate its engineers working on Iraq’s West Qurna 1 field due to security concerns, according to Al Arabiya. Earlier in the day, S&P Global Platts reported Continue Reading
Saudi Aramco restarted pumping oil on Wednesday through the pipeline which was hit by drone attacks on Tuesday, Arab media report. Two pumping stations along Aramco’s East-West oil pipeline in Continue Reading
Highlights Saudi Arabia files complaint to UN Security Council UAE beefs up maritime security OPEC/non-OPEC committee to meet Sun in Jeddah Dubai — Saudi Arabia is directly pointing the finger Continue Reading
The Syrian regime-held city of Aleppo is in the midst of a fuel crisis. Since early April, fuel shortages have plagued the city, where hundreds of vehicles queue daily at Continue Reading
A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship-tracking data on Refinitiv Continue Reading
