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Oil

Oil latest

Tanker in Strait of Hormuz
July 8th, 2026 - 08:10 GMT
P. Choiaqo

P. Choiaqo

Oil prices jump as Iran and US renew strikes on each other

ALBAWABA - Oil prices surged on Wednesday and continue to trend upward as the U.S. and Iran renew strikes on each other. It seems that the war will not be over quickly, as major breaches of the MoU took place on Wednesday, it started when Iran hit three vessels in the Strait of Hormuz, a Qatari LNG tanker named ‘Al Rekayyat’, along with a Saudi Supertanker ‘Wedyan’, and another unidentified ...
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During the event
September 10th, 2019 - 10:40 GMT

Equate Group Announces Inauguration of MEGlobal Oyster Creek, TX Site

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 06:44 GMT

New Saudi Energy Minister to Continue a Similar Policy to That of Al-Falih

Prices climbed for a fourth day running on Monday
September 9th, 2019 - 01:30 GMT

Oil Prices Rise as Saudi Arabia Assigns New Energy Minister

The tanker, loaded with Iranian crude oil, was detained off the coast of Gibraltar by the UK navy in early July
September 9th, 2019 - 11:30 GMT

Iran’s Formerly Detained Tanker Sells Oil at Planned Destination

UAE will support any decision taken in consensus within OPEC
September 9th, 2019 - 10:00 GMT

UAE: Oil Producers Committed to Balancing Market

Tehran wants to restart selling its oil.
September 9th, 2019 - 06:30 GMT

US to Sanction Iranian Oil’s Buyers

This investment will be made as a solution for bypassing and circumventing US sanctions by Chinese companies.
September 8th, 2019 - 08:19 GMT

China to Invest $280 Billion in Iran's Oil, Gas Industry

During the conversation, they discussed relations between the two countries and aspects of bilateral cooperation
September 7th, 2019 - 04:00 GMT

Saudi Arabia, Iraq Confirm Joint Coordination to Stabilize Oil Markets

Molla also said that the ministry is working to encourage Egyptian companies engaged in research and exploration activities
September 7th, 2019 - 11:00 GMT

Egypt Signs Two Agreements Explore Oil, Gas in Western Desert

More than 200 trucks, 100 from each country, including individually  and corporately-owned trucks, are participating in the transport process, the Energy Ministry said in a statement.
September 5th, 2019 - 09:34 GMT

Jordan Receives the First of Daily Iraqi Oil Shipments

State-owned China National Petroleum Corporation (CNPC), one of the country’s “big three” producers, holds an 80% stake in Phase 11 after French major Total’s withdrawal in August 2018 in response to US sanctions.
September 5th, 2019 - 07:27 GMT

Iran, China Update $400 Billion of Chinese Investment Deal

Iran has increased its stockpile of enriched uranium to beyond the maximum set by the deal
September 5th, 2019 - 06:00 GMT

France to Keep Offering Iran a $15 Billion Lifeline if US Agrees

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