Global oil supplies are plentiful enough to withstand a “significant reduction” in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares Continue Reading
The Abu Dhabi National Oil Co. outlines a five-year plan to build up its refinery capacity. More than $45 billion in investments over the next five years could position the Continue Reading
Natural gas from onshore basins in Oman could be used to develop a maritime fueling point for liquefied natural gas, French supermajor Total said. The French company signed a memorandum Continue Reading
One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and Continue Reading
Armed Yemeni Houthis launched yet another ballistic missile at Saudi Arabia’s state-run oil company, Saudi Aramco on Monday, according to Houthi TV station al-Masirah tv. No damage has yet been Continue Reading
The Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region, Turkey’s President Recep Tayyip Erdo?an said in Continue Reading
Tehran said it will preserve the 2015 nuclear deal with Russia despite Washington’s decision to withdraw. “Iran and Russia should guarantee our common interests, which are to preserve the deal Continue Reading
DUBAI (Reuters) – Iranian President Hassan Rouhani reiterated on Sunday that Tehran would remain committed to its 2015 nuclear deal if its interests can be protected and said the U.S. Continue Reading
India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Continue Reading
Analysts’ estimates of the possible reduction in Iranian crude supplies as a result of any new USA sanctions range from 200,000 bpd to 1 million bpd. Hours before of Trump’s Continue Reading
