Qatar plans to use money from its sovereign wealth fund to diversify its energy mix, its Finance Minister, Ali Shareef Emadi, said at the Petersburg International Economic Forum as quoted Continue Reading
Rosneft CEO Igor Sechin said Thursday that Iran’s oil output may fall by a further 10%-20% by the end of 2020, as US sanctions against it continue to hit production. Continue Reading
Saudi Energy Minister Khalid al-Falih on Friday said he is unwilling to engage in a race to increase oil output to compensate for lower prices, saying a return to the Continue Reading
The United Arab Emirates said Thursday that special forces from a hostile nation likely carried out coordinated attacks last month on four ships near the Strait of Hormuz, but stopped Continue Reading
The Saudi oil tanker Al-Marzoqah was one of the ships damaged The United Arab Emirates has told the UN Security Council a “state actor” was most likely behind attacks on Continue Reading
Given that the immediate focus of U.S. sanctions on Iran is the nation’s oil sector, the Islamic Republic is concentrating on pushing its already significant petrochemicals capabilities to generate much-needed Continue Reading
Small-scale demonstrations at three oil installations raise the specter of last summer’s destabilizing protest movement. Protesters march in Burjisiya, near the Zubair oil field, on July 31, 2018. (ALI AL-AQILY/Iraq Continue Reading
A fire broke out at Iran’s largest container shipping port, setting off explosions as oil products perpetuated the blaze, according to the Islamic Republic News Agency. The fire broke out Continue Reading
The United States will present in coming days evidence of Iranian involvement in last month’s sabotage of four oil tankers off the coast of the United Arab Emirates (UAE), including Continue Reading
After oil prices booked in May their worst decline in six months amid fears that trade wars would slow down global economic and oil demand growth, the price of oil Continue Reading
