newszine

Saudi Aramco says it can keep oil flowing if Hormuz hit

1 day ago DieselGasoil Comments Off on Saudi Aramco says it can keep oil flowing if Hormuz hit
By Heesu Lee on 6/25/2019 SEOUL (Bloomberg) –Saudi Arabian Oil has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the CEO of the state-run producer.“We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply Read More

Dubai crude structure softens despite Middle East conflict escalation

2 days ago DieselGasoil Comments Off on Dubai crude structure softens despite Middle East conflict escalation
Market structure for Middle East sour crude led by Dubai futures slackened in mid-morning trading in Asia on Monday, despite heightened geopolitical tensions in the region. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Dubai’s discount to Brent on the August EFS (Exchange Futures for Swaps spread) widened as Read More

Crude oil futures higher amid escalating tensions in the Middle East

3 days ago DieselGasoil Comments Off on Crude oil futures higher amid escalating tensions in the Middle East
Singapore — Crude oil futures were higher during mid-morning trade in Asia Monday as tensions in the Middle East heightened following an attack on a Saudi airport on Sunday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:25 am Singapore time (0325 GMT), ICE Brent August futures rose Read More

1 killed, several injured in Houthi’s drone attack on Saudi airport

3 days ago DieselGasoil Comments Off on 1 killed, several injured in Houthi’s drone attack on Saudi airport
The Houthi rebels have targeted the Abha International Airport in the southern part of Saudi Arabia, killing one person and injuring 7 others. The attack took place as US Secretary of State is on his way to the country. The Saudi-led military coalition, which announced the casualties, didn’t specify how the attack was carried out, Read More

Iran will maintain Strait of Hormuz security if its oil exports not impacted: top military official

1 week ago DieselGasoil Comments Off on Iran will maintain Strait of Hormuz security if its oil exports not impacted: top military official
London — Iran’s top military official on Monday said the Strait of Hormuz would remain open to traffic as long as the country, which is struggling under US sanctions, is allowed to export its oil. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now But he warned that Iran maintains Read More

Saudi Arabia blames Iran for oil tanker attacks

1 week ago DieselGasoil Comments Off on Saudi Arabia blames Iran for oil tanker attacks
Saudi Arabia’s crown prince has blamed Iran for attacks on two oil tankers in the Gulf of Oman and called for a “decisive stance” against Tehran. Mohammed bin Salman said his country doesn’t want war – but won’t hesitate to confront threats. His comments were the first since tensions were heightened in the region over Read More

Saudi crown prince calls for ‘decisive’ stand against Iran after attacks

1 week ago DieselGasoil Comments Off on Saudi crown prince calls for ‘decisive’ stand against Iran after attacks
Dubai — Saudi Arabia’s crown prince Mohammed bin Salman called for a “decisive” stand from the international community against Iran, which he blamed for recent attacks on oil tankers in the Gulf of Oman and facilities in the kingdom. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In an Read More

Persian Gulf on edge as conflicting accounts of tanker attacks swirl

2 weeks ago DieselGasoil Comments Off on Persian Gulf on edge as conflicting accounts of tanker attacks swirl
By Margaret Talev, Stephen Stapczynski and Golnar Motevalli on 6/14/2019 WASHINGTON D.C., SINGAPORE and TEHRAN (Bloomberg) –The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation. With U.S.-Iranian relations already at a Read More

U.S. blames Iran for oil tanker attacks as Gulf tensions climb

2 weeks ago DieselGasoil Comments Off on U.S. blames Iran for oil tanker attacks as Gulf tensions climb
By Glen Carey, Verity Ratcliffe and Margaret Talev on 6/13/2019 WASHINGTON and DUBAI (Bloomberg) — The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf, escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents. “The United States will Read More

Suspected attack on oil tankers near Hormuz fans conflict fears

2 weeks ago DieselGasoil Comments Off on Suspected attack on oil tankers near Hormuz fans conflict fears
By Verity Ratcliffe, Anthony DiPaola and Bruce Stanley on 6/13/2019 DUBAI (Bloomberg) –Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won’t avert a military confrontation between the U.S. and Iran. Oil prices surged. The incidents, including an attack on Read More