Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.
Read More »Saudi Mulls to Get Stake in India’s Reliance Industries
The two sides could reach an agreement on the value of a possible deal around June.
Read More »IEA Emergency Stocks Large Enough to Cover Disruptions in Oil Supply from Strait of Hormuz
IEA countries hold 1.55 billion barrels of public emergency oil stocks.
Read More »Oil Rises despite Persian Gulf Tension
West Texas Intermediate futures rose one per cent to $56.32 a barrel on the New York Mercantile Exchange. Brent crude.
Read More »China Strongly Opposes U.S. Sanctions on Chinese Firm over Iran Oil
China’s foreign ministry strongly opposes U.S. sanctions on a Chinese energy firm for allegedly violating restrictions imposed on Iran’s oil sector.
Read More »U.N. Nuclear Watchdog Chief Yukiya Amano Dies at 72
Amano has frequently emphasized that his agency’s work is technical rather than political.
Read More »China Acts Like a Bully in South China Sea
Vietnam and China have long been locked in a maritime disagreement over the resource-rich waters of the South China Sea.
Read More »Japan will Make Every Effort to Reduce Tension with Iran
Tokyo needs to gather information on what Washington is thinking and what it hopes to accomplish.
Read More »Oil Extends Gains as Iran`s Seizure of Tanker Keeps Tension High
Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.
Read More »Iran`s Tanker Seizure Arguments more Convincing than UK`s
Iran’s arguments are much more right than those of Gibraltar and London who are indulging in piracy.
Read More »