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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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Unfortunately, oil is now being used as a tool to put pressure on Iran and other members such as Venezuela
July 2nd, 2019 - 01:00 GMT

Iran Exempted From OPEC Agreement Again

The country's total import of oil products also increased by 15.35% in April to 3.58 million tonnes compared to April 2018.
July 2nd, 2019 - 12:30 GMT

Turkey’s Crude Oil Imports Up by 60.94 Percent in April 2019

Mohammed bin Salman and Vladimir Putin at a working session of leaders at the G20 summit in Osaka, Japan.
June 30th, 2019 - 06:20 GMT

Russia Agrees on OPEC Output Cut Extension by 6-9 Months

The vessel called SALINA loaded approximately one million barrels of Iranian oil.
June 27th, 2019 - 09:34 GMT

China Receives 1 Million Barrels of Iranian Oil Cargo Post End of Waivers

The Umm Lulu Gas Treatment Platform (ULGTP), weighing 32,000 metric tonnes (MT), is one of five platforms fully manufactured by the NPCC at its fabrication yard in Musaffah, Abu Dhabi.
June 27th, 2019 - 07:39 GMT

UAE Completes World’s Largest Offshore Platforms

Consumer prices in the GCC overall fell into deflation for the first time since 2000
June 24th, 2019 - 10:30 GMT

Oil Prices Rebound Amid Deflation Fears

The light sweet crude grades are a shorthand for oil that has less than 0.5 percent sulfur content.
June 24th, 2019 - 07:30 GMT

Tensions in the Arabian Gulf Region Affect the Oil Market

There is no doubt that a severe disruption to the transit of oil through this vulnerable route would be extremely serious
June 22nd, 2019 - 05:00 GMT

Crude Prices Up Due to Fears of US Attack on Iran

According to GlobalData, the global robotics industry is set to grow at a compound annual growth rate of 16 per cent from $98.2 billion in 2018 to $277.8 billion in 2025.
June 19th, 2019 - 08:11 GMT

Oil and Gas Industry Ready for Deploying Robotics Technologies

The energy equilibrium in the Eastern Mediterranean presents various problems but also opportunities for cooperation among the parties involved.
June 16th, 2019 - 09:43 GMT

An Overview On Energy Resources in Eastern Mediterranean

The diversification of the renewable energy supply chain is changing the sector’s geographic footprint.
June 16th, 2019 - 07:45 GMT

Number of People Working in Renewable Energy Increased to 11 Million in 2018

The facilities, owned by the Jordan Oil Terminals Company (JOTC), will effectively provide a strategic reserve of fuel for emergency cases
June 14th, 2019 - 03:00 GMT

Project Funded by UAE to Provide Jordan with Strategic Oil Reserve

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