Bermuda-based shipping firm Frontline Ltd said one of its vessels, Front Altair, was currently on fire in the Gulf of Oman and its crew had been safely evacuated from the Continue Reading
Oil tankers came under attack on Thursday in the Gulf of Oman, the Iranian news media and a shipping industry official said on Thursday, a month after four tankers were Continue Reading
Saudi Arabia’s state-run oil company Saudi Aramco has announced a new financial first for the giant: it will hold its very first earnings call in August revealing to the world Continue Reading
Iran is considering revising its financial and budgetary policies to remove oil income from them as a means to “counter Washington’s economic sanctions that constitute a case of terrorism,” Iran’s Continue Reading
The deadline for signing up to Global Energy Alert at a discount is looming. This is the service that EVERY energy investor and expert needs – a fact that we Continue Reading
Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and international industry sources said, but now risks losing Continue Reading
At least 26 civilians have been injured in a missile attack by Yemen’s rebel Houthi movement on an airport in south-western Saudi Arabia, state media say. Three women and two Continue Reading
Iran’s oil exports will greatly depend on how China will proceed with its crude oil imports from the Islamic Republic, if at all, after the U.S. removed all sanction waivers Continue Reading
Despite an OPEC quota, output is rising. Iraq increased crude output in May by about 234,000 barrels per day (bpd), reversing a months-long trend of production cuts to meet OPEC Continue Reading
Saudi Arabia’s proved oil reserves are 11% higher than previously thought at close to 300 billion barrels, according to the latest estimates by BP, after the world’s top oil exporter Continue Reading
