Geopolitical risks, as well as U.S. economic and energy sector influences, could undercut growth for Persian Gulf countries, the World Bank said. A World Bank report on the economies for Continue Reading
The Bab al-Mandan strait, which facilitates the transfer of 4 million barrels of oil to Middle Eastern markets everyday, has become increasingly contentious over the past few weeks as an Continue Reading
Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed . This means that OPEC’s number-two has dethroned the cartel’s Continue Reading
Saudi Arabia’s crude exports are expected to fall below 7 million barrels per day this summer, according to industry sources familiar with the matter, and shipping data so far supports Continue Reading
A divide between Saudi Arabia’s ruling family and executives of the kingdom’s oil company over where to list the company’s shares is slowing the march toward a planned 2018 initial Continue Reading
Just as Libya’s National Oil Corporation (NOC) is targeting to raise crude oil output to 1 million bpd by the end of July, the rivaling factions in the east and Continue Reading
GCC-member Qatar has been confronted by a concerted diplomatic and economic effort from its former Arab allies, led by Saudi Arabia, UAE, and non-GCC member, Egypt. The official cause of Continue Reading
Iraqi authorities are seeking the arrest of a Badr Organization paramilitary commander for allegedly overseeing a prolonged oil smuggling operation south of Kirkuk.”The investigative judge of Kirkuk has issued a Continue Reading
Singapore (Platts)–13 Jun 2017 719 am EDT/1119 GMT * Qatargas vessels transit Suez for Ras Laffan * Egypt gets Qatar LNG despite blockade * Limited impact of UAE’s port restrictions Continue Reading
Saudi Aramco’s major buyers in Asia are receiving full allocations for Saudi crude oil loading in July, with some Japanese refiners even getting higher volumes, according to market sources. Traders Continue Reading
