Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States Continue Reading
US-led forces have blown up three oil tankers in Syria as the United States increases its pressure on Syria by thwarting the oil trade between the PKK/YPG and the Assad Continue Reading
The Arab countries of the Persian Gulf expressed solidarity with Saudi Arabia and the United Arab Emirates (UAE), supporting all measures that their two allies take to protect their security Continue Reading
The United States will sanction any country that tries to buy Iranian oil after the sanction waivers expired on May 2, regardless of whether said country had reached its negotiated Continue Reading
A series of explosions in Iraqi oil hotpot Kirkuk has killed at least five people and injured 18 more, medical sources reported to Reuters on Thursday . No one has Continue Reading
Iraq lifted a state of emergency which was declared at the Majnoon oil field in the south of the country because of floods, Oil Minister Thamer Ghadhban said on Saturday. Continue Reading
Iranians have been growing increasingly anxious amid threats of military action by the Trump administration but say they are already struggling with daily life in a war economy regardless of Continue Reading
The Senate, yesterday, raised the alarm that the nation has spent not less than N11 trillion on oil subsidy payment in six years, warning that further payment could kill the Continue Reading
As the first month of theoretically no Iranian crude oil exports comes to a close it seems that Asian refiners have been able to cope with the loss of supplies, Continue Reading
The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two Continue Reading
