Saudi oil shipments moving near Yemen again
After a halt due to militant attacks, oil shipments through a Red Sea strait near the coast of Yemen resumed during the weekend, Saudi Aramco announced. In a statement Saturday, Continue Reading
Iranians Hoard Gold Ahead of U.S. Sanctions
Iranians are hoarding gold as a safeguard against a collapsing local currency and soaring cost of living as the U.S. is poised to impose economic sanctions on Iran, pushing the Continue Reading
Egyptian company to start gas imports from Israel next year, sources say
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Iraq says national election recount completed: State TV
Iraq’s election commission has completed a manual recount of votes from a parliamentary election held in May after the process was cut short in Baghdad, state television said on Monday. Continue Reading
Iraq oil minister says oil prices approaching stability: state media
Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability, the al-Sabah state newspaper reported on Monday. Iraq plans to raise oil production to more than 7.5 million barrels Continue Reading
Analysis: India’s love affair with US crude intensifies amid Iran puzzle
Highlights US crude shipments to India surge in May, June Insurance concerns give refiners sleepless nights Eyes on incremental heavy barrels from Latin America Singapore — A question mark on Continue Reading
RBC: Oil Market Will Tighten Amid Significant Loss Of Iran Crude
The oil market is set to tighten further before the end of this year – a sign that OPEC’s early response to boost supply may not be enough to offset Continue Reading
War-Torn Yemen Restarts Oil Exports
Despite a worsening humanitarian crisis in Yemen amid a war between the Houthi rebels and a coalition between Saudi Arabia and the UAE, the poorest Arab country has found a Continue Reading
China Won’t Stop Buying Iranian Crude Oil Despite US Request
Beijing has declined a request by U.S. envoys to stop importing crude oil from Iran, Bloomberg reports , citing unnamed sources in the know. While this is a major setback Continue Reading
Scattered protests in Iran as U.S. sanctions loom
Sporadic protests were taking place in cities in Iran for a fourth day, with demonstrators attacking a Shi’ite seminary west of Tehran, according to Iranian news agencies and social media Continue Reading