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US Sanctions China-Based Refinery That Purchased Oil From Houthi-Linked Ships
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Huthi-linked ships, as the White House ramps up pressure on Iran.
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Opinion | War Or Peace: What Will Become Of Middle East In 2025?
West Asia in 2024 stands at a crossroads. While the region faces numerous challengesfrom political instability to economic dependence on oil there are also opportunities for transformation.
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Energy Giant Saudi Aramco Records 15% Profit Drop, Cites Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
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Will Not Hit Iran's Nuclear Or Oil Facilities, Israel Assures US: Report
Israel has assured the White House that a planned retaliatory attack on Iran won't target nuclear or oil facilities, US media reported Monday.
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Stop Israel From Bombing Iran's Oil Sites, Gulf States Urge US
Gulf states are lobbying Washington to stop Israel from attacking Iran's oil sites because they are concerned their own oil facilities could come under fire from Tehran's proxies if the conflict escalates, three Gulf sources told Reuters.
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Biden Declines Public Negotiation Of US Stance On Israel Attacking Iran
Democratic US President Joe Biden said on Thursday he will not negotiate in public when asked if he had urged Israel not to attack Iran's oil facilities.
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Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
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"Discussing" Possible Israel Strikes On Iran Oil Facilities, Says Biden
Biden told reporters at the White House however that he was not expecting Israel to launch any retaliation for Tehran's missile barrage on Israel before Thursday at least.
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Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
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PM, UAE Crown Prince Hold Bilateral Talks, Sign 5 Agreements
The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and Prime Minister Narendra Modi today have signed multiple pacts in the fields of nuclear energy, oil and food parks development.
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"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
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Israel-Hamas War Could Cause Hike In Oil Price: World Bank
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.
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Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
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Israel-Gaza War: Crude Oil Supply Lines Not Affected So Far, Says Union Minister
Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far.
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Israel-Hamas War Will Impact Oil Prices, Economy: Industry Body Official To NDTV
The Israel-Hamas war is a reason for concern and will impact oil prices if the Middle East and Iran get involved, said PHD Chamber of Commerce & Industry's (PHDCCI) Executive Director Ranjeet Mehta.
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US Sanctions China-Based Refinery That Purchased Oil From Houthi-Linked Ships
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Huthi-linked ships, as the White House ramps up pressure on Iran.
-
Opinion | War Or Peace: What Will Become Of Middle East In 2025?
West Asia in 2024 stands at a crossroads. While the region faces numerous challengesfrom political instability to economic dependence on oil there are also opportunities for transformation.
-
Energy Giant Saudi Aramco Records 15% Profit Drop, Cites Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
-
Will Not Hit Iran's Nuclear Or Oil Facilities, Israel Assures US: Report
Israel has assured the White House that a planned retaliatory attack on Iran won't target nuclear or oil facilities, US media reported Monday.
-
Stop Israel From Bombing Iran's Oil Sites, Gulf States Urge US
Gulf states are lobbying Washington to stop Israel from attacking Iran's oil sites because they are concerned their own oil facilities could come under fire from Tehran's proxies if the conflict escalates, three Gulf sources told Reuters.
-
Biden Declines Public Negotiation Of US Stance On Israel Attacking Iran
Democratic US President Joe Biden said on Thursday he will not negotiate in public when asked if he had urged Israel not to attack Iran's oil facilities.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
"Discussing" Possible Israel Strikes On Iran Oil Facilities, Says Biden
Biden told reporters at the White House however that he was not expecting Israel to launch any retaliation for Tehran's missile barrage on Israel before Thursday at least.
-
Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
-
PM, UAE Crown Prince Hold Bilateral Talks, Sign 5 Agreements
The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and Prime Minister Narendra Modi today have signed multiple pacts in the fields of nuclear energy, oil and food parks development.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Israel-Hamas War Could Cause Hike In Oil Price: World Bank
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.
-
Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
-
Israel-Gaza War: Crude Oil Supply Lines Not Affected So Far, Says Union Minister
Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far.
-
Israel-Hamas War Will Impact Oil Prices, Economy: Industry Body Official To NDTV
The Israel-Hamas war is a reason for concern and will impact oil prices if the Middle East and Iran get involved, said PHD Chamber of Commerce & Industry's (PHDCCI) Executive Director Ranjeet Mehta.
