Tag Archives: Persian Gulf Countries

The Islamic Revolution Guards Corps (IRGC) captured a vessel in the Persian Gulf for smuggling 250.000 liters of diesel fuel.

Bijan Zangeneh announced that gas production from the South Pars gas field will hit a record high to enable the Iran to win a larger share of daily production from the field shared with Qatar for the first time since the energy zone went under development

Brazil’s oil production is set to grow in the near term.

Recent attacks on Saudi oil facility would have short-term impacts on oil market.

Analysts predict that if disruption to production lasts for too long. oil prices will spike.

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.

Iraq calls on all parties to stop carrying out reciprocal attacks and causing huge human and facility losses.

A sharp rise in oil prices also comes at a delicate time for the global economy.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.

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.