Middle East

Trade , International

Iran Tanker Heads To Greece After Release

Iran warns the U.S against attempting to seize it again.

August 19, 2019

Liquefied Natural Gas (LNG) , Crude Oil

Houthi Drone Attack On Saudi Oilfield Causes Gas Fire, Output Unaffected

A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Aug. 17 caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.

August 18, 2019

Crude Oil , Trade

OPEC Delivers Downbeat Oil Market Outlook For Rest Of 2019

The report by OPEC also said oil inventories in developed economies rose in June, suggesting a trend that could raise the group's concern over a possible oil glut.

August 16, 2019


US Loses Bid To Seize Iranian Tanker In Gibraltar

Last-minute application to seize oil vessel is rejected by territory’s supreme court.

August 15, 2019


Gibraltar Denies Iranian Report That Tanker Will Be Released Soon

The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.

August 13, 2019

Natural Gas , Crude Oil

Lukoil's Hydrocarbon Output Rises 2.8%

Oil production, excluding the project, totaled 42.6 million tonnes for the half year, up 1.3% year-on-year.

August 12, 2019

Crude Oil

Oil Falls On Lower Demand Outlook, US-China Trade Dispute

Oil prices fell on Aug. 12 amid worries about an economic slowdown and the U.S.-China trade war, which have led to a cut in the outlook for global oil demand

August 12, 2019

Earnings , Acquisitions & Divestitures

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

August 12, 2019


Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project

Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.

August 10, 2019


Mermaid Secures Subsea Contracts In Middle East, South East Asia

Mermaid Maritime Public Co. Ltd. said that its Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million on Aug. 9.

August 9, 2019