Talks between Iraq and Saudi Arabia have led to ``positive results`` in collaborating in the fields of fuel and energy.
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Iran Plans to Launch National Cryptocurrency
This week. Iran announced that it had developed its first national encrypted key. based on blockchain technology.
Read More »Iran Non-oil Exports up 14.6% in 4 Months on Year
Iran imported $15.179 billion of non-oil products in the mentioned time span. with 4.05 percent fall from the figure of last year.
Read More »Study Assesses OPEC’s Spare Capacity Value
The study is based on date only up to October 2014.
Read More »Europe`s Energy Giants Earn Benefits of Oil Price Surge
The rise in the price of crude is obviously very good news for oil companies.
Read More »Maduro Awards Oil Bloc to Central Bank to Boost Reserves
Maduro says this is a way of boosting country'.s international reserves.
Read More »Oil Rise after Saudi Arabia Suspends Shipments through Red Sea
Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait.
Read More »Saudi Arabia is Temporarily Halting all Oil Shipments through Bab-El-Mandeb Strait
One of the VLCCs sustained minimal damage.
Read More »Kirkuk’s Arabs Ask Turkey to Help Reconstruct City
Arabs living in Iraq’s Kirkuk are seeking Turkey’s support for reconstructing the oil-rich city.
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