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Oil

Oil latest

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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There is great anxiety in the market today mainly related to supply concerns. (Shutterstock)
May 29th, 2019 - 08:00 GMT

Kuwait: Oil Market to See Balance by End of Year Despite Uncertainties Around Oil Demand Growth

The project will likely meet around 50 percent of Tunisia’s gas needs with a minimum production of 2.7 billion cubic meters.
May 28th, 2019 - 07:30 GMT

6 New Licenses Issued in Tunisia for Oil, Gas Exploration

OPEC and Russia continue to limit their production in order to support prices.
May 27th, 2019 - 10:05 GMT

Oil Prices Fall Following Largest Weekly Drop of 2019

The dollar remains a key drag with its continued strength against most of the major currencies.
May 26th, 2019 - 11:30 GMT

The Effect of US-China Trade War on the Global Economy

Bahrain already faces interest payments of BD640m this year and BD697m next year on outstanding debt.
May 26th, 2019 - 09:30 GMT

Bahrain Expects to Cut Deficit by 2020

The prices hit a 2019 high of $75 a barrel in April, which saw prices going up 6.3 per cent compared to March 2019.
May 26th, 2019 - 08:00 GMT

US-China Trade Talks to Determine Oil Prices

Ghassan Salame, UN special envoy for Libya and head of the UN Support Mission in Libya (UNSMIL) speaks during a press conference in the Libyan capital Tripoli.
May 25th, 2019 - 01:00 GMT

UN Envoy: Libya Is Committing Suicide by Wasting Its Oil Wealth

Aramco will buy 5 million tons of liquid natural gas per year.
May 23rd, 2019 - 08:33 GMT

Aramco Inks 20 year Deal to Buy US Natural Gas

Turkey began trimming its Iranian imports as early as March.
May 22nd, 2019 - 06:41 GMT

Turkey Yields to US by Closing Its Ports to Iranian Oil

World Markets are fragile, price of Oil getting too high.
May 21st, 2019 - 07:45 GMT

Oil Prices Rise Amid Indications From OPEC on Extending Output Cuts by Year-End

Opec is trying to cut output by 812,000 barrels a day below baseline levels.
May 19th, 2019 - 07:39 GMT

OPEC, Allies Back on Track With Oil Cuts to Steady Market

Jordanian-Iraqi cooperation in the energy field is not limited to this deal
May 16th, 2019 - 11:40 GMT

First Iraqi Crude Oil Shipments to Arrive to Jordan Next Weekend

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