Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
JPMorgan and Morgan Stanley have been picked to advise on Aramco’s plan to buy up to a 70 percent stake in the petrochemical maker.
Read More »SABIC CEO Says Aramco Acquisition Talks are Only with PIF
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 »Oil Rises on US-EU Trade Talks. Red Sea Shipping Suspension
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.
Read More »Saudi’s Aramco Plan B is on Ice
Aramco’s huge oil reserves with SABIC doesn’t automatically create much value.
Read More »Aramco Unlikely to Reduce Oil Exports to West after Houthi Attack
Oil producer has alternative channels to transport crude to its customers in Europe.
Read More »China’s Economic Growth Could Boost Oil Demand
China’s economic growth eased in the second quarter of this year to 6.7 percent.
Read More »Study Assesses OPEC’s Spare Capacity Value
The study is based on date only up to October 2014.
Read More »CNPC will Invest $22 Billion to Boost Oil Production
China’s crude oil production dropped by 2.3 percent on the year in June.
Read More »Iran Extends Shipping. Insurance Cover to Keep Oil Flowing to India
Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.
Read More »Kuwait Set to Stop Oil Exports via Bab Al-Mandeb
All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure
Read More »