India Cuts June Oil Purchases From Iran On U.S. Sanctions
As U.S. sanctions on Iran are about to kick in later this year, Indian oil refiners reduced their orders for Iranian crude oil in June by 12 percent compared to Continue Reading
Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves
Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest Continue Reading
Aramco’s Next Plan To Raise Billions Of Dollars
The Aramco IPO may now be history, put on indefinite hold several weeks ago, but Saudi Arabia’s funding needs have never been greater. As a result, 32-year-old Crown Prince Mohammed Continue Reading
Bypassing The World’s Key Oil Chokepoints
The suspension of oil shipments through the strait of Bab el-Mandeb this week by Saudi Arabia, coming shortly after a threat by Iran to shut the strait of Hormuz, raised Continue Reading
Washington Pressing Tel Aviv For Gas Pipeline To Jordan
The Trump administration is pressing Israel to go ahead with a gas pipeline deal it signed with Jordan a few years ago, writes Israeli reporter Barak Ravid for Axios, citing Continue Reading
Russia: Iranian sanctions already factored into oil prices
Russian Energy Minister Alexander Novak said Friday the market has probably taken into account the potential loss of Iranian oil by November already. The U.S. departure from the Joint Comprehensive Continue Reading
Saudi Arabia halts oil exports in Red Sea lane after Houthi attacks
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea’s Bab al-Mandeb Strait, one of the world’s most important tanker routes, after Yemen’s Iran-aligned Houthis attacked Continue Reading
Iran’s special forces chief warns Trump: “If you begin the war, we will end it” – Tasnim
A powerful commander of Iran’s elite Revolutionary Guards said on Thursday Donald Trump should address any threats against Tehran directly to him, and mocked the U.S. president as using the Continue Reading
Iran warns US that it has forces ‘in places you cannot think’
A top Iranian commander has warned Donald Trump that the Islamic republic’s forces “are close to you in places you cannot think of” as Tehran ramps up its war of Continue Reading
Saudi Budget Deficit Shrinks As Oil Prices Rally
Higher oil prices are invariably good news for oil-dependent economies. The latest price rally is particularly good news for the world’s top oil exporter, Saudi Arabia, whose budget deficit is Continue Reading