Pompeo blames Iran for attack on tankers in Gulf of Oman
US Secretary of State Mike Pompeo has said Washington believes Iran is behind the attack on two Japanese tankers in Gulf of Oman. He believes...
Posts Tagged: "Oil"
Oil just had its worst run since 2008
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter...
South Korea switches to Russian crude to replace banned Iranian supplies
South Korea's largest energy and chemical company, SK innovation, has boosted oil shipments from Russia and other exporters...
War with Iran could send oil prices to $250 per barrel
As tensions between Iran and the US continue to escalate, analysts have begun to consider the likelihood and consequences of an Iran war. There has...
UAE says commercial ships targeted by ‘sabotage,’ amid rising Gulf tensions
The United Arab Emirates has said that four commercial ships were hit by “sabotage” in its waters, hours...
U.S. to end sanction waivers for countries importing Iranian oil
The White House announced on Monday that the United States will end Iran sanction waivers. Countries that continue...
Bank of America makes case for oil prices above $100 per barrel
The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from...
Blackout shuts down Venezuela’s oil exports
A major blackout in Venezuela has led to the shutdown of the nation’s main export terminal and several...
World’s largest sovereign wealth fund in Norway to dump oil stocks
Norway’s trillion-dollar sovereign wealth fund, is set to phase out oil and gas companies from its benchmark index...
Maduro orders European HQ of Venezuelan state oil firm to be moved to Moscow
Venezuelan President Nicolas Maduro has ordered the European headquarters of state oil company PDVSA be relocated to Russia,...
Venezuela struggles to find buyers for its oil after US sanctions
Following the US sanctions, Venezuela’s oil inventories have swelled to a five-year high as the nation struggles to find buyers for its oil, according to...
US warns the world against buying Venezuelan oil
US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after...
South Africa oil discovery could be a game-changer
South Africa’s offshore has just yielded a massive natural gas and condensate find that could open a new...
Global outages boost oil prices
Oil prices are on track for strong gains this week, and the price increases are not only the result of the crisis in Venezuela. The...
US announces sanctions against Venezuela’s state oil company PDVSA
Washington has imposed sanctions against the Venezuelan state oil company PDVSA, seizing $7 billion in assets, Treasury Secretary...
Iran announces oil discovery in untapped region
Iranian Oil Minister Bijan Zanganeh has told the media that the national oil company NIOC struck light sweet...
Saudi Arabia: We’ll pump the world’s very last barrel of oil
OPEC’s largest crude oil producer, Saudi Arabia, expects oil demand to be rising till at least 2040, and thinks that it’s the most competent oil...