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KUWAIT OILFIELD ATTACK
Bahrain orders lockdown after Iranian strike on Muharraq fuel tanksMiddle East war: Bahrain is responding to Iranian attacks. A blaze in Muharraq Governorate prompts public advisories. Earlier, an Iranian s...
Saudi Aramco reducing output at two oilfields, two sources saySaudi oil giant Aramco is rerouting crude to the Red Sea port of Yanbu. The vital Strait of Hormuz is effectively closed due to the US-Isra...
Oil plunges nearly 11% to below $90/bbl after Trump says war 'pretty much' completeOil prices tumbled Tuesday after reaching over three-year highs, as President Trump predicted a swift end to the Middle East conflict. This...
The US has to reopen the Strait of Hormuz as soon as possibleThe US faces a critical challenge in the Third Gulf War. Reopening the Strait of Hormuz for oil shipping is vital. The waterway is crucial ...
OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...
Why the market shrugs off the mother of all oil shocksOil prices have spiked due to the escalating conflict in the Middle East. However, the market's response is more muted compared to past cri...
Far from becoming a US colony, how Iraq has proved to be fiercely independentThose that have not followed the twists and turns of Iraqi politics may be surprised to know that the current regime in Baghdad is very pro...
US intensifies efforts to degrade, destroy Islamic StateThe US and its coalition partners have intensified efforts to "degrade and destroy" the Islamic State, mainly targeting the flourishing oil...
- ONGC Videsh Ltd (OVL) to invest $ 1.5 bn in an Iraq oil block
ONGC Videsh Ltd may invest over $ 1.5 billion in exploring for oil in a block that was awarded to it by the erstwhile Saddam Hussein regime.
- Oil prices steady in Asia near record highs
World oil prices held steady on Tuesday in sight of record levels partly over concerns about violence in oil-rich Nigeria and despite a ple...
- Oil prices zoom on militant attacks, political rift
Political rivalry, militant attacks and opposition to foreign investment have knocked off oil production of 2.2m barrels per day around the...