Iran is prepared for the worst-case scenarios in case the U.S. pressures take effect.
Read More »Oil Markets Tense amid Outages. OPEC Policy and Trade Rows
US West Texas Intermediate crude futures was 35 cents higher at $68.43 a barrel.
Read More »Cyprus Says Gas Dispute with Israel is in ‘No One’s Interest’
The Aphrodite discovery in Cyprus’ Block 12 was made in late 2011.
Read More »Oil Heads for Monthly Gain on Iran Risks and as OPEC Clears Glut
Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.
Read More »Saudi Aramco Oil Reserves Higher than Reported
The Aramco board meets next in early May in Houston. where they will review the latest IPO developments.
Read More »Rising U.S. Rig Count Knocks Oil
U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.
Read More »State of Emergency in Indonesia as Borneo Oil Spill Spreads
The spill occurred near a refinery operated by the state-owned oil and gas company Pertamina.
Read More »Trade War could Hurt US LNG Exports as US Makes Stupid Move
China is in the urgent process to expand its consumption of natural gas.
Read More »Hyundai to Foster Fuel-Cell Vehicles in China in 2018
China is steadily promoting the related technologies of hydrogen fuel-cell EVs.
Read More »China`s Energy Revolution Calls for Rethink by Fossil-Fuel Ports
China steers toward a car industry based on NEVs. the oil trade will lose its luster.
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