Saudi Arabia’s non-oil private sector expanded in December at the slowest rate since July, weighed down by slower output and new orders, a survey showed on Sunday. The seasonally adjusted Continue Reading
Singapore-based Middle East crude oil traders said they were not ruling out the possibility of Iraqi Basrah crude supply being impacted as a result of political or logistical hurdles, following Continue Reading
Members of the Iranian revolutionary guard at a parade in Tehran, September 2011 Tensions between Iran and the United States are at their highest point in years. The 2015 Iran Continue Reading
The United States is sending nearly 3,000 additional troops to the Middle East from the 82nd Airborne Division as a precaution amid rising threats to American forces in the region, Continue Reading
Oil companies in the Middle East are tightening security as U.S. officials say American energy infrastructure in the region is a likely target for Iranian retaliation following the killing by Continue Reading
Killing of Soleimani seen as rapid escalation of US policy Odds of military conflict double: Eurasia Group Steady prices, US shale bolstered hardline policy Washington — Just over three weeks Continue Reading
Highlights Platts Analytics sees Brent capped at $70/b without another attack Analysts see $5-$10/b risk premium from US strike in Iraq Iran might target regional oil infrastructure in retaliation Washington Continue Reading
The oil market was on tenterhooks Friday amid increased geopolitical risk in the Middle East after Iran vowed to exact “harsh revenge” for US airstrikes that killed its top military Continue Reading
Iran has pledged to avenge US air strikes that killed its top commanders, severely raising the risk of more attacks by Iran against Middle Eastern and US interests in the Continue Reading
Crude oil futures spiked in Asia Friday on news that the US had killed General Qassim Soleimani, leader of the Iranian Revolutionary Guard’s foreign wing, in a strike in Iraq. Continue Reading
