U.S. Seizes Russian Tanker Full Of Iranian Crude Near Greece
Fresh off of the US targeting a series of companies involved in an Iran-linked oil smuggling network , the US has now seized an oil tanker near Greece, taking the Continue Reading
Russia and Iran discuss swapping supplies for oil and gas, goods logistics
Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub, Russian Deputy Prime Minister Alexander Novak said on Wednesday, as Moscow Continue Reading
Iranian-Russian ‘Oil Smuggling’ Network Hit With U.S. Sanctions
Washington has imposed sanctions on an oil smuggling network led by figures connected to Iran’s Revolutionary Guards and allegedly backed by the Russian government. “Today, the U.S. is sanctioning an Continue Reading
US Treasury cracks down on oil smuggling network aiding Iran, with ties to Russia
Hundreds of millions of dollars of oil revenue evaded sanctions Also aided Iranian petrochemical sales, gold transfers US authorities May 25 announced new sanctions on several individuals and entities involved Continue Reading
Saudi Arabia’s Oil Exports Hit The Highest Level Since 2016
Saudi Arabia’s crude production rose to 10.3 million barrels a day in March. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Continue Reading
Could Iraq Dethrone Saudi Arabia As Largest Oil Producer?
Iraq remains one of the most underdeveloped oil producers in the Middle East. EIA: Iraq holds a very conservatively estimated 145 billion barrels of proved crude oil reserves. At $2-3 Continue Reading
U.S. Sees Chances Of Iran Nuclear Deal As Slim
The chances of the world powers reaching a deal with Iran on its nuclear activities that would pave the way toward the removal of the U.S. sanctions on Iranian oil Continue Reading
Saudi Arabia Says It Has Done All It Can for the Oil Market
Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets. Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame Continue Reading
Saudi Arabia sees no crude oil shortage, blames lack of refinery investment for fuel squeeze
Highlights Saudi FM says oil market ‘relatively in balance’ Global refining capacity shrank in 2020, 2021: S&P Global OPEC+ under fire for maintaining production cuts The oil market “is relatively Continue Reading
Deadly hemorrhagic fever outbreak hits Iraq
Iraq is suffering from an unusually large wave of Crimean-Congo hemorrhagic fever, a tick-born virus with a fatality rate of up to 40 percent. Case numbers are significantly higher than Continue Reading