Saudi Aramco is concerned at recent actions in the Gulf but can meet its customers’ needs thanks to its experience and the availability of additional spare capacity, its chief executive Continue Reading
U.S. officials and analysts say Iran has deepened its cooperation with the Houthis as the country seeks ways to harass its American and Saudi adversaries. Iran denies controlling the Houthis Continue Reading
The United States has levied new sanctions on Iran today in an effort to further squeeze the regime into compliance over the controversial nuclear deal and stave off additional hostilities Continue Reading
India more than quadrupled its imports of U.S. crude oil between November last year and May this year as the U.S. sanctions on Iran significantly reduced Iranian crude purchases at Continue Reading
Mr. Trump, in an interview on NBC, said: “We’ve done very massive sanctions. We’re increasing the sanctions now.” Mr. Trump and his aides have indicated they are prepared to wait Continue Reading
The US will announce Monday “major” additional sanctions on Iran, President Donald Trump said Sunday, days after the US said Iran shot down an unarmed drone over the Gulf of Continue Reading
Qatar Petroleum signed an agreement with U.S. oil major Chevron on Monday to develop a new petrochemicals complex at Ras Laffan Industrial City. Chevron will own a 30% stake in Continue Reading
Yemen’s Houthi movement launched an attack on Abha civilian airport in southern Saudi Arabia on Sunday that killed one person and wounded seven others, the Saudi-led coalition battling the group Continue Reading
Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria’s oil ministry said Sunday. The damage was discovered Continue Reading
Russia is ready to help Iran with oil exports and its banking sector if the Instex European payment system is not launched, Interfax news agency cited Russian Deputy Foreign Minister Continue Reading
