Tag Archives: Oil

Iraq and Oman signed a memorandum of understanding to cooperate in the oil and gas sector, including the possibility of building a shared refinery in Oman for processing imported Iraqi crude, the Iraqi oil ministry said in a statement on Thursday. Iraq will aim to export crude to Oman, according …

Iran summoned the British ambassador in Tehran over the “illegal seizure” of an Iranian oil tanker in Gibraltar on Thursday, Iranian state TV quoted Foreign Ministry spokesman Abbas Mousavi as saying. British Royal Marines seized an oil tanker in Gibraltar on Thursday accused of bringing oil to Syria in violation …

Oil futures jumped on Thursday after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as economic data seemed to strengthen the case for the Federal Reserve to cut interest rates this year. Wall Street’s major stock indexes climbed after falling for two …

As if life was not bad enough for Adnan Kadhim – he lives in a slum where municipal authorities dump Baghdad’s rubbish – now someone is setting the waste on fire, making his children sick. As the United Nations marks World Environment Day on Wednesday, Iraq is suffering a pollution …

Brent oil price fell below $60 per barrel on Wednesday for the first time since the beginning of the year. The slump comes as the US Department of Energy has published a weekly report on the country’s oil reserves. According to the report, the reserves have increased by 6,77 million …

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the security of crude supplies amid tensions between the United States and Iran. The UAE said on Sunday that …

A year after President Trump unilaterally withdrew from the Iran Nuclear Deal, its European signatories, who still honor the agreement, have expressed concern over the US decision not to extend waivers on oil trade with Tehran. “We … take note with regret and concern of the decision by the United …

The foreign minister of Qatar said on Wednesday that Washington’s decision not to extend sanction waivers on Iranian oil exports would harm countries that rely on the supplies. The United States has demanded that buyers of Iranian oil stop purchases by May 1 or face the prospect of sanctions, ending …

At the bottom of the Mariana Trench, the deepest part of the Earth’s oceans, scientists have discovered unique oil-eating bacteria. Similar kinds of bacteria have previously been found and even used to help deal with oil spills, such as that from the Deepwater Horizon disaster in 2010, but the new …

India will look into commercial considerations and related factors to determine the value of oil imports from any country, an Indian official said, after a top US official warned countries against buying oil from Venezuela. Earlier this week, U.S. National Security Advisor John Bolton warned countries and companies against buying …

The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. Texas and other shale-rich states are spewing a gusher of high-quality crude — light-sweet …