Facing the imminent reinstatement of U.S. oil sanctions, Iran is threatening to close the Strait of Hormuz, which would shut down the region’s oil trade. Iran has made this threat Continue Reading
Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government officials and people close to Continue Reading
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and Continue Reading
South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Continue Reading
The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block Continue Reading
Greek oil and gas company Energean ( ENOG.L ) is ready to buy and operate a 45 percent stake in the offshore gas field Gaza Marine as soon as both Continue Reading
Iran should make more effort to ensure stability in the Middle East and get along with its neighbors, a senior Chinese diplomat said on Friday, as Iran’s Revolutionary Guards warned Continue Reading
Faced with the return of U.S. sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try Continue Reading
Iran’s oil exports recovered in June as demand from its key customers in Asia increased with an appetite for Iranian oil picking up this summer. Receive daily email alerts, subscriber Continue Reading
Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the Continue Reading
