Egypt To Start Importing Israeli Gas For Re-export In Early 2019
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
Why Saudi Oil Production Suddenly Dropped
As if oil market participants haven’t had enough conflicting market forces to digest over the past week, reports that Saudi Arabia’s crude oil production surprisingly dropped in July by around Continue Reading
Renewed U.S. sanctions target Iran’s economy, Tehran cool on talks
President Donald Trump’s top security advisor on Monday urged Iran to take up an offer of talks with the United States or suffer more pain from economic sanctions, but Iran’s Continue Reading
Iran facing tough new sanctions reality
With U.S. sanctions relief on Iran winding down on Monday, the U.S. secretary of state said it would take immense changes from Tehran to avoid further pressure. Under the new Continue Reading
U.S. wants as many countries as possible to stop buying Iranian oil: senior official
The United States wants as many countries as possible to cut their imports of Iranian oil to zero, a senior U.S. administration official said on Monday in a telephone press Continue Reading
Iran sanctions: Trump warns trading partners
What is the Iran nuclear deal? US President Donald Trump has issued a strong warning to anyone trading with Iran, following his re-imposition of sanctions on the country. “Anyone doing Continue Reading
Saudi Arabia Crude Flows to U.S. Surge While Venezuela Output Declines
The world’s largest oil exporter loaded 1 million barrels a day onto tankers bound for the U.S. in July. That’s a 36 percent jump from June and the single biggest Continue Reading
Something Strange Is Happening In The Saudi Oil Patch
Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season Continue Reading
Militants Attack Iraqi Power Line Eight Times In Two Months
A high-voltage power line in Iraq has been targeted by Islamist militants eight times over the past two months, the country’s electricity ministry said , adding the latest attack caused Continue Reading
Warship Or Oil Tanker – What Did The Houthis Hit?
Late last month, reports emerged from Saudi Arabia and its Gulf allies that the Yemen Houthi rebels had attacked two Saudi oil tankers in the strait of Bab el-Mandeb, one Continue Reading