oil

Iraq wants American firm to replace Exxon, prime minister says
Middle East

Iraq wants American firm to replace Exxon, prime minister says

WASHINGTON, July 26 (Reuters) – Iraq’s Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace…
Egyptian gov’t raises fuel prices across Egypt on Friday
Egypt

Egyptian gov’t raises fuel prices across Egypt on Friday

On Friday, the Egyptian Ministry of Petroleum announced an increase in gasoline prices and fixed other fuel prices from July…
Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz
Middle East

Iran opens oil terminal in Gulf of Oman to bypass Strait of Hormuz

DUBAI, July 22 (Reuters) – Iran has opened its first oil terminal in the Gulf of Oman, President Hassan Rouhani…
Saudi Aramco facing $50M cyber extortion over leaked data
Middle East

Saudi Aramco facing $50M cyber extortion over leaked data

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company —…
OPEC+ agrees oil supply boost after UAE wins argument with Saudi
Middle East

OPEC+ agrees oil supply boost after UAE wins argument with Saudi

MOSCOW/DUBAI/LONDON, July 18 (Reuters) – OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which…
Indian oil minister vows to work with Saudi, UAE to calm oil mkts
Middle East

Indian oil minister vows to work with Saudi, UAE to calm oil mkts

NEW DELHI, July 15 (Reuters) – India’s new oil minister Hardeep Singh Puri vowed to work with oil producers Saudi…
Saudi, UAE reach compromise to unlock more oil supply, says source
Middle East

Saudi, UAE reach compromise to unlock more oil supply, says source

DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an…
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
Middle East

Oil to sustain surprise rally despite Iran, third COVID-19 wave threat

June 30 (Reuters) – Who of the traditional bulls predicted a rally that saw oil prices doubling in the last…
UAE’s ADNOC to deepen crude oil term supply cut in Sept -sources
Middle East

UAE’s ADNOC to deepen crude oil term supply cut in Sept -sources

SINGAPORE, June 28 (Reuters) – Abu Dhabi National Oil Company (ADNOC) will reduce the volume of crude oil it supplies…
US sells off Iranian crude oil seized off coast of UAE
Middle East

US sells off Iranian crude oil seized off coast of UAE

DUBAI, United Arab Emirates (AP) — The US has sold some two million barrels of Iranian crude oil after seizing…
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