US Goes After Iran’s Floating Oil Storage
Washington has plans to issue warnings to oil shippers , insurers, and port authorities that storing Iranian crude oil will bring the wrath of US sanctions, a US State Department Continue Reading
Iraq closes borders with Iran on virus, subdues steel trade
Iraq has closed five land borders with Iran, Iran’s Irna news agency reported. However, the Islamic Republic of Iran Customs Administration (IRICA) announced Sunday that this is a temporary closure Continue Reading
Long road ahead as Lebanon begins exploratory drilling for offshore oil and gas
Drilling of Lebanon’s first offshore well started on February 27. All eyes are pinned on Byblos 1, waiting to find out whether it is a dry or a commercial well. Continue Reading
The Great Saudi Shale Swindle
Saudi Arabia’s oil and gas giant, Aramco, has been given the go-ahead to launch the Jafurah shale gas field project, which will be the biggest shale gas development outside the Continue Reading
Aramco trades below IPO price for first time, after OPEC pact unravels
Shares of Saudi state oil company Aramco 2222.SE slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after OPEC’s Continue Reading
Saudi Aramco shares open 10% lower as the oil price crumbles
Shares in Saudi Aramco ( 2222.SE ) plunged 10% in opening trade on Monday, following a sharp drop in oil prices after Saudi Arabia slashed its official selling prices for Continue Reading
Saudi Authorities Begin Release of Princes Questioned in Roundup
Saudi authorities began releasing officials and royal family members questioned in a security clampdown, as the government sought to end speculation about the health of King Salman by publishing photographs Continue Reading
Why Saudi Arabia has started a global crude price war
Oil prices crashed by as much as 30 percent after Saudi Arabia fired the first shots in a price war, in crude’s biggest one-day fall since the early 1990s Gulf Continue Reading
Saudi Arabia detains two senior royals, including king’s brother: sources
DUBAI (Reuters) – Saudi Arabia has detained two senior members of the Saudi royal family – Prince Ahmed bin Abdulaziz, the younger brother of King Salman, and Mohammed bin Nayef, Continue Reading
Top Saudi Royal Family Members Detained
Saudi Arabian authorities detained two of the kingdom’s most prominent figures for an alleged coup attempt, further consolidating the power of the king’s son, Crown Prince Mohammed bin Salman, and Continue Reading