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Oil & Gas Trade
US Blames Iran For Energy Prices Spike After Saudi Oil Attack
Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an a…
Oil & Gas Trade
US Sanctions Bringing China and Iran Together
A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been af…
Oil & Gas Trade
U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the O…
Oil & Gas Trade
UAE can Play Major Role in India's Transition to Gas-Based Economy
The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoy…
Oil & Gas Trade
U.S. briefly overtakes Saudi Arabia as top oil exporter: IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply…
Oil & Gas Trade
Iran Says Tanker Oil Sold at Sea, Buyer Sets Destination
Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it h…
Oil & Gas Trade
Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing na…
Oil & Gas Trade
Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
Oil & Gas Trade
U.S. Imposes Sanctions on Wandering Iranian Oil Tanker
The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that t…
Oil & Gas Trade
Gazprom Conceded for Decline in European Gas Exports, Prices
Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 foll…
Oil & Gas Trade
BP to Exit Alaska in $5.6 Billion Deal with Hilcorp
British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region wher…
Oil & Gas Trade
Oil Pipeline Vandalism In Nigeria Soars 77%
The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism o…
Oil & Gas Trade
Iranian Spokesman Says Oil Aboard Tanker has been Sold
An Iranian government spokesman says the oil aboard an Iranian tanker pursued by the US has been sold to an unnamed buyer. The Adrian Darya, previously known as…
Oil & Gas Trade
Iran's Foreign Minister Arrived at the G7 Summit for Surprise Side Talks
Iran's foreign minister flew in for side talks at the G7 summit on Sunday as host France ramped up efforts to ease tensions between Tehran and Washington, a dra…
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