U.S. President Donald Trump said on Friday he aborted a military strike on Iran because he said it could have killed 150 people, a disproportionate response to Tehran’s downing of Continue Reading
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as U.S. sanctions against Venezuela and Iran hindered the ability of Continue Reading
US Secretary of State Mike Pompeo will travel to India next week, but will offer no relief from oil sanctions to what was a top Iranian export market just two Continue Reading
Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in the Continue Reading
With sanctions re-imposed on Iran’s oil exports last year and recently applied in part to its petrochemicals exports as well, the U.S. is now looking to roll out the next Continue Reading
The world’s focus, not surprisingly, has been on Saudi Aramco’s $111bn of net income recorded in 2018, making it the most profitable company in the world. But elements of the Continue Reading
The United States sought on Wednesday to bolster its case for isolating Iran over its nuclear and regional activities by showing limpet mine fragments it said came from a damaged Continue Reading
“ Massive disruptions ” could be seen in the crude oil trade in the Middle East, particularly in the Strait of Hormuz, according to a new report from IHS Markit. Continue Reading
The Eni spokesman said the company “is not aware if, or has evidence of, a precise geographical origin different from that indicated on the documents of origin and load.” Washington Continue Reading
The volume of clean oil products flowing from the Persian Gulf into Asia could see some drops in the coming weeks as Asian traders and shipowners have become cautious about Continue Reading
