A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship-tracking data on Refinitiv Continue Reading
Growing U.S. pressure on Iran has weakened pragmatic President Hassan Rouhani and made his hardline rivals more assertive at home and abroad, recent developments show. When he succeeded firebrand leader Continue Reading
Saudi Arabia’s state oil giant Aramco says that it doesn’t believe all the ‘peak oil demand hype’ and expects that its crude oil will be in high demand for decades Continue Reading
OPEC de facto leader and the world’s largest crude oil exporter Saudi Arabia is still trying to pivot away from over-reliance on crude oil export revenue. But, to achieve this Continue Reading
Asian refiners shrugged off the latest shutdown of Saudi Arabia’s East-West oil pipeline as the companies bring in the vast majority of their term Saudi crude barrels via Persian Gulf Continue Reading
Saudi Arabia said two of its oil pumping stations were hit by drone attacks on Tuesday, heightening concerns about the security of the kingdom’s energy infrastructure 48 hours after two Continue Reading
Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an Continue Reading
Highlights Houthis claim drone attack on pipeline East-West line pumps around 2 million b/d Tensions rising over Iran sanctions Tensions over threats to oil flows from the Middle East escalated Continue Reading
Attacks on oil tankers and facilities in the Persian Gulf set the Middle East on edge, as Iranian officials on Tuesday accused officials in the Trump administration of trying to Continue Reading
European firms can still buy oil from Iran as some companies don’t have interests in the United States and aren’t concerned about the U.S. sanctions on Tehran, former Iranian foreign Continue Reading
