Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Recent attacks on Saudi oil facility would have short-term impacts on oil market.
Read More »Attacks on Aramco to have Short-Term Impacts
Saudi Arabia Shuts Down Pipeline to Bahrain after Drone Attacks
Analysts predict that if disruption to production lasts for too long. oil prices will spike.
Read More »Aramco`s Some October Oil Loadings to Be Delayed
The attack on the kingdom’s most important oil production facility has crimped the availability of lighter grades such as Arab Extra Light and Arab Light.
Read More »Iraq Denies Using Its Territories to Attack Saudi Oil Facilities
Iraq calls on all parties to stop carrying out reciprocal attacks and causing huge human and facility losses.
Read More »Oil Prices Rise after Attacks Halve Saudi Output
A sharp rise in oil prices also comes at a delicate time for the global economy.
Read More »Saudi Supply Disruption Puts U.S. Oil Reserve in Play
The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.
Read More »Saudi Arabia Temporarily Cuts Oil Production
Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.
Read More »Explosion at Largest Crude Oil Stabilization Plant
Saudi Aramco describes its Abqaiq oil processing facility there as ".the largest crude oil stabilization plant in the world.".
Read More »Saudi Arabia Raps Oil Producers over Flouting of Output Cuts
The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.
Read More »US is Close to Overtake Saudi Arabia as the World`s Top Oil Exporter
Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.
Read More »