Iran inaugurated a new air defense center Monday that will protect its Assaluyeh energy hub and secure shipping and civil flights, state television reported, as the country girds for retaliation Continue Reading
The September 14 drone strikes on Saudi Aramco’s Abqaiq refinery and Khurais oil field set off a flurry of writing about its impact on the global oil market. After all, Continue Reading
Fitch Ratings downgraded Saudi Aramco’s long-term issuer default rating (IDR) to A from A+ following the September 14 drone and missile attack on two key oil facilities that temporarily slashed Continue Reading
Offline and on edge, Iraq is spiraling deeper into violence. The country’s troops, cracking down on anti-government protests, have turned their guns on the people . Officials said Sunday that Continue Reading
At least eight people were killed in new clashes between Iraqi security forces and anti-government protesters on Sunday, the sixth day of unrest in which the death toll has now Continue Reading
China National Petroleum Corp. has pulled out of a $5 billion natural-gas project in Iran as escalating tensions threaten to sever Beijing’s trade with Tehran, a key lifeline for the Continue Reading
Chinese oil company CNPC has withdrawn from Iran’s flagship hydrocarbons project in a further blow to the Islamic republic’s economy, which has been hammered by US sanctions. Iran’s oil minister Bijan Continue Reading
Saudi crown prince Mohammed bin Salman has been making headlines again these last few days. After giving an interview to CBS in which he admitted the mistakes of the Khashoggi Continue Reading
Yemen’s Saudi-backed government and southern separatists are close to a deal that would end a power struggle in the southern port of Aden and see Saudi forces take temporary control Continue Reading
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s. OPEC ’s oil production tumbled the Continue Reading
