-
West’s Russia sanctions expose global oil supply to biggest crisis: IEA
Mar 16, 2022 19:12The International Energy Agency (IEA) says the West’s crippling sanctions on Russia threaten the world with the biggest global oil supply shock in decades.
-
Iran’s floating crude storage cut by 20 mln barrels: Minister
Mar 16, 2022 19:04Iran’s Oil Minister Javad Owji says the country has drawn some 20 million barrels from a floating inventory of more than 85 million barrels of oil that has been stored on dozens of Very Large Crude Carriers (VLCCs) in the Persian Gulf.
-
UK minister defends PM Johnson's plan to visit Riyadh for oil lobbying
Mar 16, 2022 08:55British Health Secretary Sajid Javid has defended Prime Minister Boris Johnson’s decision to travel to Saudi Arabia to lobby for action to keep oil prices in control amid a spiraling crisis in the global energy market.
-
UK's Johnson set to visit Riyadh for oil talks amid growing energy crisis
Mar 14, 2022 09:33British prime minister Boris Johnson is set to embark on a visit to Saudi Arabia this week to lobby for action to keep oil prices in check amid a growing crisis in the global energy market.
-
US brought Vienna talks to halt by seizure of Iran oil cargo: Report
Mar 13, 2022 08:18A report holds the US to blame for the pause in the talks in Vienna on a potential revival of the 2015 Iran deal, saying the halt was announced in the wake of Washington's seizure of Iranian oil cargo at sea.
-
Saudi, UAE leaders reject calls with Biden as US seeks help on oil price surge
Mar 09, 2022 08:54The leaders of Saudi Arabia and the United Arab Emirates have reportedly declined calls with US President Joe Biden as Washington tries to ease surging oil prices amid Russia’s military operation in Ukraine.
-
US gas prices soar to 13-year high over Russia's Ukraine operation
Mar 07, 2022 08:56US gasoline prices have reached a 13-year high as Western sanctions on Russia over its military operation in Ukraine continue to disrupt the global energy market.
-
US, European allies ‘discuss banning Russia oil imports’
Mar 07, 2022 08:49The US says the country and its European allies are discussing banning Russian oil imports as a means of stepping up their punitive measures against Moscow over its ongoing military operation in Ukraine.
-
Iran’s Bank Tejarat wins contract for major fuel pipeline
Mar 07, 2022 05:44Iran’s Bank Tejarat has committed to providing finances required for a major fuel pipeline project in the country’s south as part of a contract signed with the Iranian Oil Ministry.
-
Rising demand may cause Iran to resume gasoline imports: Report
Mar 06, 2022 06:32Demand for gasoline in Iran is expected to reach record levels as a report warns that the country may be forced to resume imports more than a decade after it reached self-sufficiency in production of the fuel, shows a report.