Iran on verge of political volcanic eruption
Those who watched the spectacular volcanic eruptions in Hawaii in June will have seen the tremors and earthquakes that were followed by massive explosions, as great floods of molten lava Continue Reading
Preparations for listing Aramco stalled: WSJ
Public listing preparations of state-run Saudi Aramco have stalled, the Wall Street Journal reported on Thursday. Aramco, the world’s biggest oil producer, has been expanding its global footprint by signing Continue Reading
Saudi Arabia raised oil output by around 500,000 bpd in June: sources
ABU DHABI (Reuters) – from the level it said it produced in May, OPEC sources told Reuters on Thursday. Saudi Arabia’s total supplies to the market in June were even Continue Reading
Iran’s Guards threatens to block oil shipments in Gulf
An Iranian Revolutionary Guards commander said on Wednesday that Tehran will block oil shipments through the Strait of Hormuz in the Gulf if the United States bans Iranian oil sales. Continue Reading
Iran Threatens To Close Crucial Oil Chokepoint
Iranian president Rouhani stated on Tuesday in Bern, Switzerland that his country could block the Strait of Hormuz for all Arab shipping traffic if Washington fully implements its zero oil Continue Reading
US Navy ‘stands ready’ to protect Hormuz after Iran threatens crude oil exports
The US military has reiterated its pledge to protect oil tankers sailing through the Strait of Hormuz after Iran’s president suggested shipments from the region could be disrupted in response Continue Reading
Iranian President: No One Will Benefit From U.S. Nuclear-Deal Exit
During a visit to Vienna, Iranian President Hassan Rohani has reiterated that Tehran will remain in the 2015 nuclear deal with world powers as long as its interests are guaranteed Continue Reading
Saudi Arabia Still Detaining Dozens From Corruption Crackdown
Months after the start of an anti-corruption crackdown, Saudi authorities are still holding a senior prince and several dozen businessmen and former officials in detention and recently have made new Continue Reading
U.A.E. joins OPEC members with commitment to more oil output
The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. Members of the Organization Continue Reading
Iran’s oil can still flow, the country’s first vice president said
Iran’s first vice president said the U.S. government’s efforts to force Tehran’s customers to stop importing any of its oil by November is not realistic. “U.S. sanctions would not be Continue Reading