The closing date for applications will be Sept. 5. the 35-nation Board of Governors decided in its meeting on Thursday.
Read More »BP`s Tankers Avoid Strait of Hormuz
The strong increase in oil and gas production helped BP to offset weaker crude prices and refining profit.
Read More »OPEC Oil Output Hits Lowest since 2011
The biggest supply drop came from Saudi Arabia. which has cut supply even further below its OPEC target in a bid to reduce oil inventories.
Read More »Iran will Reduce Nuclear Deal Commitments more unless Europe Protects It
Iran has said it will reduce its commitment to the nuclear accord in stages and may even withdrew from the pact.
Read More »Iran. Iraq Strengthen Financial Ties
Iran and Iraq are bound together by centuries of economic. religious and political ties.
Read More »Iran`s Vice President Urges China. Friendly Countries to Buy Oil
China'.s crude oil imports from Iran sank almost 60% in June from a year earlier.
Read More »U.S. LNG Exports to Europe Increase amid Demand Decline
LNG from the United States accounted for 7% of China’s total LNG imports in the first six months of 2018.
Read More »Stranded Iranian Vessel Heading Back Home from Brazil. 2nd Ship to Follow
Brasilia and Tehran have long enjoyed a good history of political and economic relations.
Read More »Russia Competes with Saudi Arabia for Asia`s Oil Market Share
For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.
Read More »Oil Declines as Investors Weigh Hormuz Tensions with Trade Talks
Oil is heading for its second monthly loss this year as a gloomy economic outlook eclipses concerns crude flows may be disrupted from the Middle East.
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