Singapore: Oil prices rose Thursday after Russia said it was ready to slash output, fuelling hopes that key producers are poised to seal a deal aimed at boosting coronavirus-hit energy markets. US benchmark West Texas Intermediate was up about three percent at 25.84 a barrel in afternoon Asian trade, having risen almost five percent at […]
The US government says it plans to crank up its unprecedented pressure on Iran by targeting shippers, port officials and insurance companies that help in storing Iranian oil.
The oil market is officially now in bear territory after posting the worst day in more than a month on Monday on heightened coronavirus fears
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to […]
For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from the outset that it had no choice but to set its sights on the ultimate prize: the oil fields of Saudi Arabia. It is in […]
The first concern of the Emir of Qatar is the prosperity and security of the tiny kingdom. To achieve that, he knows no limits. Stuck between Iran and Saudi Arabia is Qatar with the third largest natural gas deposit in the world. The gas gives the nearly quarter of a million Qatari citizens the highest […]
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