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US sanctions two leaders of ‘Iranian-backed militias’ in Iraq, blames Tehran for ‘spreading terror’

1 day ago DieselGasoil Comments Off on US sanctions two leaders of ‘Iranian-backed militias’ in Iraq, blames Tehran for ‘spreading terror’
Washington has imposed sanctions on two Iraqi militia leaders, accusing them of human rights violations. US VP Mike Pence blamed Iran for backing them and said the US won’t “stand by” while Tehran “spreads terror.” The announcement was made by Vice President Pence as he was speaking at the Second Annual Religious Freedom Ministerial in Read More

Three people, incl Turkish Deputy Consul-General, killed in Erbil shooting – local media

2 days ago DieselGasoil Comments Off on Three people, incl Turkish Deputy Consul-General, killed in Erbil shooting – local media
Three people, including the Turkish deputy consul, have been killed in a shooting at a restaurant in Erbil, Iraqi Kurdistan, according to local media. Police confirmed the death of the Turkish diplomat. The shooting was reported shortly after 2pm local time, and took place at a restaurant in an upmarket area of Iraqi Kurdistan’s capital Read More

‘Destroy caves & shelters’: Turkey launches 2nd wave of military op against Kurdish PKK in Iraq

6 days ago DieselGasoil Comments Off on ‘Destroy caves & shelters’: Turkey launches 2nd wave of military op against Kurdish PKK in Iraq
Ankara has launched military operation ‘Claw-2’, seeking to destroy PKK hideouts in northern Iraq. The move is part of Turkey’s bigger fight against Kurdish militants, which has taken a toll on its relations with Baghdad. The Turkish army began moving into northern Iraq at 10pm local time on Friday, after conducting airstrikes and shelling the Read More

Iran strikes ‘terrorists’ at Iraqi Kurdistan border after attack that killed 3 IRGC troops

1 week ago DieselGasoil Comments Off on Iran strikes ‘terrorists’ at Iraqi Kurdistan border after attack that killed 3 IRGC troops
Iran’s Revolutionary Guards hit ‘terrorist strongholds’ along Iraqi borders, it said in a statement. The IRGC, Tehran’s elite troops, attacked targets near the borders of the Iranian provinces of Kurdistan and West Azerbaijan. The Islamic Revolutionary Guard Corps’ statement regarding the attack was carried by several Iranian news outlets, with some reports in English and Read More

Oil companies earmark investment for Iraq’s liberated areas

1 week ago DieselGasoil Comments Off on Oil companies earmark investment for Iraq’s liberated areas
London — Oil companies have earmarked a significant amount of capital to invest in areas of Iraq that have recently been liberated from the control of Islamic State militants. The reconstruction of such areas will prove vital for rebuilding the Iraqi economy, but Iraq’s worsening security issues could mean slow progress. Not registered? Receive daily Read More

DUBAI FUTURES: Sour crude premiums steady as market mulls recent rally

1 week ago DieselGasoil Comments Off on DUBAI FUTURES: Sour crude premiums steady as market mulls recent rally
Singapore — Middle East sour crude spreads took a breather Friday morning in Asia as market participants took stock of Thursday’s rally in Dubai and Oman premiums, amid emerging spot requirements for September trading. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:00 am in Singapore (0300 GMT) Read More

Iran-UK tanker row escalates in Strait of Hormuz standoff

1 week ago DieselGasoil Comments Off on Iran-UK tanker row escalates in Strait of Hormuz standoff
Singapore — A diplomatic row between Iran and the UK involving oil tankers escalated Thursday after a standoff in the world’s biggest oil shipping artery raised fresh concerns over global energy security which have also spiked insurance costs for ships transiting the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Baghdad cabinet approves Iraq-Jordan oil pipeline

1 week ago DieselGasoil Comments Off on Baghdad cabinet approves Iraq-Jordan oil pipeline
London — Iraq’s cabinet approved a plan to build a pipeline to send the output of oil fields in Rumaila to Aqaba in Jordan, according to a Wednesday statement from the country’s oil ministry. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The pipeline will have a capacity of Read More

STEO Highlights: EIA sees oil demand growing slower than previously expected

1 week ago DieselGasoil Comments Off on STEO Highlights: EIA sees oil demand growing slower than previously expected
Houston — The US Energy Information Administration said Tuesday that it expects global oil consumption to average 101 million b/d in 2019, up 1.1 million b/d from 2018, an indicator that demand is growing at a slower rate than previously expected. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

US EIA sees flat June OPEC output as Saudi rise offsets Iranian decline

1 week ago DieselGasoil Comments Off on US EIA sees flat June OPEC output as Saudi rise offsets Iranian decline
Washington — Venezuela’s output falls to 690,000 b/d as sanctions deadline looms Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iraq, UAE to be main sources of OPEC growth in 2019 EIA sees ‘generally balanced’ market in 2020 OPEC crude oil production was essentially flat in June as Saudi Read More