Middle East ‘Ablaze’: US Blames Oman Tanker Explosions on Iran
The US accused Iran of executing attacks in the Gulf of Oman, which left two tankers ablaze, which further …
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US Stops Granting Waivers on Oil Purchases from Sanction-Hit Iran
Two White House officials let themselves heard on Friday (26 April) that there would not be any more waivers …
Market Update: Saudis Mull Extending Oil Production Cut
The Saudi energy minister said that it was early to say whether there was a consensus among OPEC and …
Tit-for-Tat: Saudi Arabia Threatens to Ditch Oil Dollars if NOPEC is Passed
Saudi Arabia is threatening to start selling its natural resources in currencies other than the US dollar if Washington …
Oman Clinch Deal to Invest in Sri Lanka’s Hambantota Oil Refinery Project
Oman’s oil minister said over the weekend that he was excited about his country taking part in a Sri …
New Energy Hot Spot: Exxon, in U-Turn, Now Plans Oil Drilling in Israel
The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make …
OPEC Deal Update: Saudi Arabia Slashes Oil Production, US Exports Most Affected
Saudi Arabia has cut crude exports and the initial evidence hints that the biggest slash is being made in …
Israel’s Potash Leader Signs First Five-Year Deal with India
Israel Chemicals (ICL) announced last week that, for the first time, it had signed a five-year supply deal with …
NOPEC Taking Gloves Off: Qatar Set to Pump $20 Billion into US Oil & Gas Sector
Qatar Petroleum (QP) is about to invest at least $20 billion in the United States, the company’s CEO Saad …
OPEC Break-Up: Qatar’s Exit from the Grouping Seen as a Political Move
Qatar has announced its intention to leave the Organization of Petroleum Exporting Countries (OPEC) to increase its own production. …