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Crude Oil News

The Middle East Oil Bonanza Will Slow In 2023

July 24, 2022 Mariel Alumit

Slowing global oil demand growth next year, spiking food prices, and fears of recession in major oil-importing countries are set to slow economic growth in the Middle East, whose major oil producers are enjoying this […]

Putin
Geopolitical

Putin visits Iran on first trip outside former Soviet Union since Ukraine war

July 19, 2022 Mariel Alumit

LONDON/DUBAI, July 19 (Reuters) – Russian President Vladimir Putin visited Tehran on Tuesday for talks with Iranian Supreme Leader Ayatollah Ali Khamenei, the Kremlin leader’s first trip outside the former Soviet Union since Moscow’s Feb. […]

Iran
International News

US levels new Iran sanctions aimed at oil, petrochemicals exports to China

July 7, 2022 Mariel Alumit

The US government leveled July 6 new sanctions targeting international companies facilitating Iran’s oil and petrochemicals exports to east Asia, in the latest sign of pressure to return to the nuclear deal. The sanctions freeze […]

Total Global Recoverable Oil Reserves Are Falling At An Alarming Rate
Crude Oil News

Total Global Recoverable Oil Reserves Are Falling At An Alarming Rate

July 4, 2022 Stu Turley

Following the publication of BP’s annual Statistical Review, each year Rystad Energy releases our own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, […]

Qatar
Geopolitical

Oil Climbs Higher As Nuclear Talks Crumble In Qatar

June 29, 2022 Mariel Alumit

Indirect nuclear talks between the United States and Iran have reportedly ended without agreement. The lack of progress has cast doubt on the possibility of any breakthrough in the foreseeable future. Oil prices inched higher […]

Iranian Flag Infront of the IAEA in Vienna Austria Reuters
Commodities

Iran says revenue from energy exports up 60% from last year

June 1, 2022 Stu Turley

Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period last year, the oil ministry’s official […]

Iran
International News

Iran, Greek tanker troubles spook oil, shipping markets

May 30, 2022 Mariel Alumit

HIGHLIGHTS Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks fueled by Iran and […]

Iran's
Crude Oil News

Iran’s revenue from oil and gas exports has jumped 60% as Russia’s war sends energy prices soaring

May 30, 2022 Mariel Alumit

Iran said its export revenues from oil and gas have jumped 60% year-on-year, with Russia’s war in Ukraine pushing up prices. Despite the tough sanctions on the country, Iran has generated $2.45 billion from exports […]

Crude Oil News

Iran seizes two Greek tankers in Persian Gulf waters

May 28, 2022 Stu Turley

(Bloomberg) — Iranian forces seized two Greek oil tankers in the Persian Gulf in apparent retaliation for the detention of vessel off the coast of Greece. The Greek ships were seized by the Islamic Revolutionary […]

Iran
Crude Oil News

Iran summons Swiss envoy over U.S. seizure of Iranian oil

May 27, 2022 Mariel Alumit

May 27 (Reuters) – Iran on Friday summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign […]

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