Senior Iranian lawmaker Ali Motahari said that Washington’s unilateral sanctions have been detrimental even to US’ allies like Japan whose economy has always been dependent on crude imports from Iran.
Read More »Persian Gulf on Edge as Conflicting Accounts of Tanker Attacks Swirl
The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.
Read More »Schulich Buys 5% of MEG Energy Despite Canadian Energy Concerns
Schulich bought about 5% of MEG Energy for the first time in the last couple of weeks. underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy.
Read More »Houston American Energy Begins Producing from Frost 1-H well in Yoakum County
Houston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin. in Yoakum County. Texas.
Read More »Iran Auto. Defense Industries Eye Tie-Up to Beat Sanctions
Iran’s auto industry has emerged as one of the frontlines in a raging economic war on the country which is lining up its defense ministry to protect the sector from US sanctions.
Read More »Emotions Remain High in Alberta’s Oil and Gas Sector
It’s been two days now. since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS). at Calgary’s Stampede Park. to participate in a pro-pipeline. pro-oil rally
Read More »U.S. Blames Iran for Oil Tanker Attacks as Gulf Tensions Climb
The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
Read More »Trump says he’s considering sanctions to block Nord Stream 2
President Donald Trump said he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »The US will Maintain Oil Production despite Low Energy Prices
U.S. production numbers are going to continue for quite some time.
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