Russia’s Lukoil has presided over a major discovery at Iraq’s exploration Block 10, raising new expectations of ultimately producing over 300,000 barrels per day (bpd) from the Eridu field. Preliminary Continue Reading
The Strait of Hormuz, sometimes described as the world’s most important oil chokepoint , is a gateway for almost a third of all crude oil and other petroleum products carried Continue Reading
An alleged attack Thursday on two oil tankers near the Strait of Hormuz may increase levels of risk in the Middle East’s key crude supply and shipping artery. The Front Altair Continue Reading
Iran said on Friday it was responsible for maintaining the security of the Strait of Hormuz in the Gulf, state radio reported, adding that blaming Tehran for attacks on two Continue Reading
An attack by an unknown party on two oil tankers in the Gulf of Oman has put the Arabian/Persian Gulf region on edge. After the possible Iranian attack on three vessels Continue Reading
FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. REUTERS/Maxim Shemetov DUBAI (Reuters) – Saudi Arabia is Continue Reading
Underlying the one-year anniversary in mid-August of the signing of the ‘Convention on the Legal Status of the Caspian Sea’ is one of the greatest oil industry swindles in recent Continue Reading
China’s Sinopec plans to substitute Iranian crude with that of grades from Saudi Arabia and other origins in the Persian Gulf, even as scope of more purchases from the US Continue Reading
Two oil tankers were hit in suspected attacks in the Gulf of Oman and the crews have been evacuated, shipping firms and industry sources said on Thursday, a month after Continue Reading
Two oil tankers were hit in suspected attacks in the Gulf of Oman and the crews have been evacuated, shipping firms and industry sources said on Thursday, a month after Continue Reading
