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Most of Iraq’s oil is shipped through southern terminals.
Read More »Any Strait of Hormuz Disruption Would Be “Major Obstacle“ To Economy
Persian Gulf War could Send Oil Prices beyond $325 a Barrel
China and India now account for about a fifth of global strategic reserves.
Read More »Iranian Oil-Laden Tanker Seized by UK Marines off Gibraltar Was Not Bound for Syria
Tehran has summoned the UK'.s ambassador to Iran over the incident. calling the seizure a form of piracy.
Read More »OPEC Output Hits New Low as Saudi Fails to Offset Losses in Iran. Venezuela
June output was the lowest by OPEC since April 2014.
Read More »US Weighing Extension of Iran Oil Waiver After China`s Defiance
The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran. violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero. according to a report.
Read More »US Weighing Extension of Iran Oil Waiver after China`s Defiance
China is the top buyer of Iranian oil and nearly all its oil payments go through Kunlun Bank.
Read More »European Gas Prices at Their Lowest in a Decade
Russia has traditionally been Europe’s main gas supplier.
Read More »China will Ease Ownership Rules on Oil Exploration
China is sticking to the opening-up policy and continuing to ease market access.
Read More »Shipping Firms Failing to Invest in Critical Decarbonisation Tech
A new report from CDP warns this is despite the sector being at risk of missing targets set by the International Maritime Organization.
Read More »IEA Concerned About Impact of Middle East Tensions
Strong growth in the price of U.S. shale oil has also contained stronger increases.
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