Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Continue Reading
A natural gas pipeline in central Syria, which is under government control, went out of service on Sunday after militants attacked it, Syria’s state news agency SANA reported . The Continue Reading
The UK will facilitate the release of the Iranian oil tanker detained by Gibraltar earlier this month if Iran gave guarantees that the crude loaded on that vessel wasn’t bound Continue Reading
European Union decisions to curb contacts and funding for Turkey over its drilling for gas and oil off Cyprus will not affect Ankara’s determination to pursue energy activities in the Continue Reading
Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces engaged, said U.S. consultancy Rapidan, which analyzed Continue Reading
In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 Continue Reading
A surprisingly muscular response beyond mere threatening rhetoric out of the European Union over Turkey’s violations of Cypriot territorial waters related to offshore drilling operations : the EU has agreed Continue Reading
The European Union will decide on Monday to symbolically punish Turkey over what it calls “illegal” drilling for oil and gas off Cyprus and threaten harsher sanctions in the future Continue Reading
Amid escalating UK-Iran tensions in the Middle East, the UK is deploying a second warship to the Persian Gulf to operate for a brief time alongside the ship that fended Continue Reading
In a tweet, British Foreign Secretary Jeremy Hunt offered to return the tanker provided that Iran guaranteed its oil wouldn’t go to Syria. Gibraltar on Saturday freed the four Indian Continue Reading
