Iran
News
August 15, 2019
The U.S. Department of Justice is seeking to seize supertanker Grace 1, arrested last month in Gibraltar on suspicion of hauling Iranian crude oil to Syria in violation of European sanctions.
News
August 13, 2019
Iran expects an oil tanker seized by the UK in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East.
News
August 05, 2019
Oil resumed its decline as a sharp drop in the Chinese yuan compounded fears that a deepening trade war will depress demand.
News
August 01, 2019
OPEC’s output, already at the lowest since 2014, slid again last month as U.S. sanctions took a further toll on exports from Iran.
News
July 30, 2019
The owner of a British tanker seized by Iran in the Strait of Hormuz earlier this month raised concerns about the safety of the crew still on board.
News
July 29, 2019
China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran.
News
July 28, 2019
Omani officials are in talks with ‘all parties’ to restore stability to the Strait of Hormuz after recent threats to oil tankers and the freedom of navigation, Foreign Minister Yousef Bin Alawi said after discussions with Iranian officials in Tehran.
News
July 26, 2019
Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 bpd.
News
July 22, 2019
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
News
July 19, 2019
Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints.
News
July 19, 2019
Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted.
News
July 18, 2019
Iran said it seized a foreign ship that was smuggling fuel in the Persian Gulf, an act that threatens to heighten already tense relations in the world’s biggest oil-exporting region.
News
July 18, 2019
EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015.
News
July 18, 2019
Oil extended gains after Iran confirmed it had seized an oil tanker in the Persian Gulf earlier this week.
News
July 16, 2019
Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming operations after a storm.
Article
July 2019
Middle Eastern Oil: Is Trump making the situation worse?
News
July 08, 2019
Oil held above $57/bbl as rising tension in the Middle East kept investors wary of potential supply disruptions.
News
July 08, 2019
An oil tanker, run by BP, is being kept inside the Persian Gulf in fear it could be seized by Iran in a response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude.
News
July 07, 2019
Iran said an oil tanker that was seized by British forces near Gibraltar wasn’t destined for Syria.
News
July 07, 2019
An oil tanker damaged in a bombing that was blamed on Iran is back in business. The ship’s first destination: Iran.
News
July 02, 2019
Iran’s oil minister said a European mechanism to shield some trade with his country from crippling U.S. sanctions won’t be useful if it doesn’t allow for oil sales, as efforts to preserve the unraveling nuclear deal face a looming deadline.
