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Oil

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Tanker in Strait of Hormuz
July 8th, 2026 - 08:10 GMT
P. Choiaqo

P. Choiaqo

Oil prices jump as Iran and US renew strikes on each other

ALBAWABA - Oil prices surged on Wednesday and continue to trend upward as the U.S. and Iran renew strikes on each other. It seems that the war will not be over quickly, as major breaches of the MoU took place on Wednesday, it started when Iran hit three vessels in the Strait of Hormuz, a Qatari LNG tanker named ‘Al Rekayyat’, along with a Saudi Supertanker ‘Wedyan’, and another unidentified ...
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Shell’s Vice Executive President Upstream Joint Ventures Gerald Schotman, for his part, said that the growth of natural gas production in maritime areas in Egypt plays a crucial role in the renaissance of gas.
October 17th, 2019 - 06:21 GMT

Egypt: Oil Sector Achieves Highest Investment Rate Value at $30 Billion

Italian energy company Eni is gearing up to start drilling for the first oil exploratory
October 16th, 2019 - 12:00 GMT

Bahrain Oil Investments Reach $8 Billion

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

The UAE Central Bank, last month, revised the country's forecast upward by 0.4 per cent to 2.4 per cent for 2019
October 16th, 2019 - 07:30 GMT

IMF Slashes UAE’s Growth Outlook to 1.6 Percent

The deal is expected to close early next year, subject to regulatory approvals and closing conditions, said the statement from Aramco.
October 15th, 2019 - 09:55 GMT

Saudi Aramco Inks 9 MoUs With Russian Firms

The discovery comes as the United States has been applying a campaign of "maximum pressure" on Iran.
October 14th, 2019 - 11:22 GMT

Iran Discovers Natural Gas Field Worth $40 Billion

Russia has attempted to reduce its exposure to the US through a “de-dollarization” policy to offset the impact of US sanctions.
October 14th, 2019 - 10:00 GMT

Russia Is Looking for Ways to Substitute Dollars for Euros, Roubles

The crude oil prices have jumped during September 2019 futures settlement compared with August 2019
October 14th, 2019 - 09:30 GMT

Oman’s Crude Production Exceeds 29 Million Barrels in Sep 2019

The appetite for gold as seen through demand for bullion backed exchange-traded funds remains strong.
October 14th, 2019 - 07:00 GMT

Optimism in Trade Raises Oil, Copper While Gold Suffered a Setback

Iran can experience its first positive economic growth in next year
October 13th, 2019 - 09:00 GMT

World Bank: Iran to Move Out of Recession in 2020

Russia really wants to be a great partner of the UAE
October 13th, 2019 - 07:00 GMT

Russia Eyes UAE Government, Investors for Its $200 Billion Projects

A deeper cut in oil supplies is among options for OPEC
October 12th, 2019 - 09:00 GMT

IEA: Global Oil Markets Recover Quickly From Attacks on Saudi Oil Facilities

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