Saudi Crown Prince: Aramco Going Ahead As Planned
It has been a while since the last assurance from a senior Saudi official that the initial public offering of oil giant Aramco is going ahead as planned, and this Continue Reading
Gulf of Oman Tanker Attacks Roil Mideast Oil Market
“Fewer owners are willing to take their vessels into the Middle East and those that do demand a premium for the service,” said Anoop Singh, a tanker analyst for Braemar Continue Reading
What Lies Behind Rising U.S.-Iran Tensions
That doesn’t mean there won’t be a war—the chances for miscalculation are high and growing higher—but merely that war isn’t actually the outcome either side seeks. This is the high-stakes Continue Reading
Saudi Energy Minister calls for collective effort to secure shipping lanes
Saudi Arabian Energy Minister Khalid al-Falih said on Monday that countries need to cooperate on keeping shipping lanes open for oil and other energy supplies after last week’s tanker attacks Continue Reading
Saudi seeks oil supply protection as U.S. and Iran face off
Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers in a vital shipping route Continue Reading
Saudi Energy Minister hopes OPEC agrees to extend production cut ‘early July’
Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on Continue Reading
Pompeo says there is more evidence that Iran attacked tankers
Secretary of State Mike Pompeo said Sunday that more evidence will be released soon to prove the administration’s assertion that Iran was responsible for attacks on two oil tankers in Continue Reading
Iran says it will exceed allowed enriched uranium limit in 10 days
Iran said on Monday it would breach internationally agreed curbs on its stock of low-enriched uranium in 10 days — a move likely to strain already high tensions with Washington Continue Reading
Iran government has no plans to remove oil minister: spokesman
Iran’s government has no plans to remove Oil Minister Bijan Zanganeh from his post, a government spokesman said on Sunday, according to the Iranian Students’ News Agency (ISNA). A senior Continue Reading
Iran to Breach Limits of Nuclear Pact, Putting Bid to Save Deal in Doubt
Iran had given European countries until July 7 to show that they could help cushion Iran’s economy from the impact of U.S. sanctions. Iran’s announcement Monday came days after two Continue Reading