The National Iranian Tanker Company (NITC) categorically dismissed media reports suggesting a ship that was attacked last week in the Red Sea and off the coast of Saudi Arabia is continuing leakage while on its way back home.
News ID: 6679 Publish Date : 2019/10/16
The recent attack on an Iranian oil tanker in the Red Sea indicated that the US is disappointed at the efficiency of its maximum pressure and oil sanction policy against Tehran, a leading Arab news outlet said Wednesday.
News ID: 6678 Publish Date : 2019/10/16
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
News ID: 6632 Publish Date : 2019/10/11
OECD commercial oil stocks are close to record levels seen during most of 2016, and are "a big insurance policy" in case of disruptive events such as the attacks on Saudi Arabia's oil infrastructure last month, the IEA said today.
News ID: 6627 Publish Date : 2019/10/11
Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the trading cycle.
News ID: 6550 Publish Date : 2019/10/01
Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.
News ID: 5415 Publish Date : 2019/07/23
The Iranian oil tanker ‘Happiness 1’ that was held at Jeddah port in Saudi Arabia for over two months has been released.
News ID: 5375 Publish Date : 2019/07/22
An Iranian oil tanker which was “illegally” held by Saudi Arabia for two months has reportedly been released, and is now on its way back home with its entire crew on board.
News ID: 5362 Publish Date : 2019/07/21
Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.
News ID: 4780 Publish Date : 2019/06/09
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713 Publish Date : 2019/06/01
Chairman of Iran-Qatar Chamber of Commerce Adnan Mousapour announced that trade between the two countries is being followed in a normal status, absolutely unaffected by pressures from the US and some regional states.
News ID: 4682 Publish Date : 2019/05/30
From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until the yearend.
News ID: 4614 Publish Date : 2019/05/22
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
News ID: 4271 Publish Date : 2019/04/09
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4078 Publish Date : 2019/03/19
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors.
News ID: 3638 Publish Date : 2019/02/16
OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund has told Reuters.
News ID: 3617 Publish Date : 2019/02/14
Acommittee from the US House of Representatives has approved a bill aimed at making OPEC members liable to US antitrust legislation, Reuters reported, adding the prospects of the bill ending up as law were not certain yet.
News ID: 3602 Publish Date : 2019/02/12
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
News ID: 3570 Publish Date : 2019/02/06
OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
News ID: 3532 Publish Date : 2019/02/03
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and Oman, Saudi Arabia’s Energy Minister Khalid al-Falih said on Tuesday.
News ID: 3339 Publish Date : 2019/01/21
