Iran: Saudi Arabia and Russia have taken oil market ‘hostage’
Iran’s OPEC governor on Saturday said that Saudi Arabia and Russia have taken the oil market “hostage” as U.S.…
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Oil
Oil firm as Iran sanctions loom, US seeks to prevent supply shortfall
Oil was steady on Tuesday, supported by looming U.S. sanctions against Iran's petroleum industry.
India may not be able to cut Iranian oil imports despite U.S. sanctions
United States’ demand for countries to cut all Iranian oil imports is going to be a massive headache for India.
Emirates president says oil should be at $52 per barrel
Airline fuel is overpriced, and the underlying cost of oil should be at around $52 per barrel, Tim Clark, President…
Egypt inks oil hedging deals with two banks – Reuters
Egypt has signed insurance contracts with two global banks to hedge against fluctuating global oil prices, a senior…
Oil falls on rising US crude inventories, darkening economic outlook
Oil prices fell on Wednesday, pulled down by a report of increased U.S. crude inventories and as a darkening…
Oil slips as trade tensions drag; Iran sanctions provide some support
Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia,…
Oil inches up after Saudi output dips, US drilling stalls
Oil edged higher on Monday as Saudi crude production took a surprising dip in July and American shale drilling…
BP to drill its first exploration wells in Suez Gulf next Oct.
Britain’s BP will begin drilling its first exploration wells in the northeast of Ramadan in the Gulf of Suez…
Egypt signs oil and gas exploration deal with BP
Egypt’s state oil company EGPC has signed an oil and gas exploration deal worth around $46 million with Britain’s…