Reuters - Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
That move higher comes as the market waits for a report from the American Petroleum Institute (API), an industry group, which is ...
Reuters - Saudi Arabia, the worlds biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.
The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to make up the shortfall once sanctions by the United States ...
SHANA - Saudi crude oil storage fell by 480,000 barrels in June compared to May 2018.
Crude oil inventories of Saudi Arabia fell to 234,920,000 barrels in June, down by 480,000 barrels from 235,400,000 barrels in May.
Saudi Arabia, the largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), produced 10.489 mbd in ...
IFP - Riyadh has temporarily suspended all oil shipments through the Bab el-Mandeb Strait after Yemens Houthi Ansarullah movement launched retaliatory attacks on a Saudi warship and a vessel operated by the Riyadh-led coalition waging war the Arabian Peninsula state.
On Wednesday morning, the Houthi-run al-Masirah television network reported that ...
[caption id="attachment_150885" align="alignright" width="205"] Iran earned more than $2.3 billion from sales of oil products in the 10 months to January.[/caption]
Dubai: Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opecs largest market is intensifying....
[caption id="attachment_55907" align="alignright" width="185"] Director of international affairs at National Iranian Oil Company Mohsen Qamsari[/caption]
Iran is planning to drop its oil price in the Asian markets with an aim of competing with Saudi Arabia and other producers to increase its market share.
Amid global decline inoil prices, oil ...
Saudi Arabias revenue from exports of crude oil and other petroleum products in 2012 rose 5.3 percent from a year earlier while Irans income from sales abroad sank by 12 percent, OPEC reported.
The worlds largest crude exporter shipped oil and products valued at $336.1 billion last year, up from $319.1 billion in 2011, theOrganization of Petroleum ...
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