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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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World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates
August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

Prices of Iranian oil was $60.88 per barrel in June
August 18th, 2019 - 08:30 GMT

Iranian Oil Prices Rise in July As the Output of OPEC Drops

The demand for OPEC crude will average 29.41 million bpd next year.
August 18th, 2019 - 05:29 GMT

OPEC Delivers a Downbeat Oil Outlook for the Rest of 2019

Tanks, with the total capacity of 20 million barrels are to be established in Jask region to back oil exports from Jask oil terminal
August 15th, 2019 - 11:00 GMT

Iran to Export first oil freight via Strait of Hormuz on March 2021

Operation and Maintenance (O&M) represented 60 per cent of the total contracts in Q2 2019
August 14th, 2019 - 08:51 GMT

Global Oil and Gas Industry’s Contract Hit $42 Billion in Q2 2019

The petroleum sector aims at encouraging global companies to pump new investments in the fields of research and exploration
August 14th, 2019 - 08:30 GMT

Egypt Targets Increasing the Daily Production of Crude Oil

British Royal Marines seized the oil tanker on July 4 off the coast of the British Mediterranean territory of Gibraltar
August 14th, 2019 - 07:54 GMT

Britain Might Free Iranian-Operated Oil Tanker Grace 1 Soon

Global oil market performance indicators are still almost stable
August 14th, 2019 - 06:30 GMT

Kuwait to Cut Oil Production in Order to Support Crude Prices

India, given its size, population and emerging economy, is one of the biggest markets in the world for petrol and diesel.
August 11th, 2019 - 08:00 GMT

GCC Companies Look at India’s Fuel Retail Industry

Away from the Mena region, Asia is forecast to see 130 new crude and natural gas projects starting operations over the next eight years
August 8th, 2019 - 11:30 GMT

Oil, Gas and Petrochemical Projects Value More Than $859 Billion in Mena

Jordan currently has the capacity to send 26 megawatts to the cities of Jericho and Ghor
August 8th, 2019 - 07:00 GMT

Palestine, Jordan Sign MoU to Cover the Need of Oil Market Derivatives

In 2018, Oman produced 357.1 million barrels of oil
August 6th, 2019 - 07:00 GMT

China Remains Oman’s Biggest Crude Oil Importer

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