OPEC+ officials say they see no need to reverse their production cuts in the face of heightened geopolitical tensions in the Middle East, with UAE energy minister Suhail al-Mazrouei declaring Continue Reading
The cost to deliver commodities is set to rise as additional war risk premia on merchant ships in the Middle East has shot up significantly this week, while security concerns Continue Reading
Brazilian state-run oil firm Petrobras suspended its shipping routes through the Strait of Hormuz, including bunker hub Fujairah, as tensions in the Middle East escalate after a US drone strike Continue Reading
Amid the rising tension in the Middle East, Saudi Arabia’s tanker and logistics group Bahri has suspended transits through the Strait of Hormuz, the world’s most important oil chokepoint which Continue Reading
Following President Trump’s warning earlier this week, administration officials are in the preliminary stages of developing sanctions on Iraq, a path the president could legally set upon but could create Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei said Wednesday that the US should leave the Middle East after the US killing of a top Iranian military general last week. “An important Continue Reading
Iran fired missiles at American troops in Iraq in response to the U.S. killing of its top military commander Qassem Soleimani. While Iran’s supreme leader pledged further attacks, the overnight Continue Reading
Iraq said on Wednesday that it had been notified by Iran that Tehran had launched a retaliatory strike against U.S. troops in Iraq to avenge the killing of top Iranian Continue Reading
Iraq set an all-time record for annual oil sales in 2019, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for an average 3.968 million barrels per day Continue Reading
Following the political and popular backlash in Iran over details of its plans to make the Islamic Republic effectively a client state through various multi-layered oil and gas deals, China Continue Reading
