Tag Archives: Persian Gulf Countries

All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure

Saudi Arabia pausing oil shipments through the Red Sea caused oil futures remain high.

Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait.

One of the VLCCs sustained minimal damage.

Aramco pumps around 10 million bpd of crude oil.

Aramco’s initial thinking is to buy the full stake owned by the Public Investment Fund (PIF).

Saudi Arabia and large producers are ramping up output to offset losses that are likely to come as the November deadline approaches.

Economy to grow 1.9% in 2018. boosted by economic reforms and oil output increases.

Iraq continued to be the top oil supplier to India in the April-June period.

The cash from the IPO would have given the Saudi sovereign wealth fund fire-power for fresh deals.