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Iraq will not join anti-Iran maritime mission, rejects Israel’s involvement

1 hour ago DieselGasoil Comments Off on Iraq will not join anti-Iran maritime mission, rejects Israel’s involvement
As Saudi Arabia and the United States build support for an international maritime security mission in the Persian Gulf, Iraq has ruled out participating. In a statement via the state-run Iraqi News Agency on Thursday, the country’s Ministry of Foreign Affairs said that Iraq will not join any force patrolling the Gulf’s waterways, particularly any Read More

Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude

11 hours ago DieselGasoil Comments Off on Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent tightened in mid-morning trading in Asia Thursday, as sour crude traders digested news that Saudi Arabia might look to Iraq for extra crude volume to meet its supply commitments to term customers and for its own refinery network. Not registered? Receive daily email alerts, subscriber Read More

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

11 hours ago DieselGasoil Comments Off on Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources
Highlights Aramco contacted SOMO for Basrah Light barrels SOMO yet to comply with request Saudi focusing on diverting more barrels for export Singapore — The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the Read More

‘You can start it, but how do you end it?’ Actual war in Gulf would be DEVASTATING and neither Iran nor Saudis really want one

14 hours ago DieselGasoil Comments Off on ‘You can start it, but how do you end it?’ Actual war in Gulf would be DEVASTATING and neither Iran nor Saudis really want one
For all the sound and fury coming from Saudi Arabia, a shooting war in the Gulf is not something Tehran or Riyadh want. Both US and its allies know that Iran is a much tougher nut to crack than Yemen, but can’t admit so publicly. Saudi Arabia and the US have called Saturday’s attack on Read More

Saudi attack damages kingdom’s role as guardian of the oil market

23 hours ago DieselGasoil Comments Off on Saudi attack damages kingdom’s role as guardian of the oil market
By Grant Smith on 9/18/2019 LONDON (Bloomberg) – Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets — its role as guardian of global oil markets. For decades, Riyadh has kept a buffer of spare production capacity Read More

Iraq signs deal with Boskalis that could almost double oil exports capacity

2 days ago DieselGasoil Comments Off on Iraq signs deal with Boskalis that could almost double oil exports capacity
Amman, Jordan — Iraq signed a heads of agreement with Dutch firm Boskalis to build an artificial island south of the Abot tanker terminal in the Persian Gulf to almost double its export capacity and increase storage room in three years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Attack on Saudi Arabia ‘unprecedented’: U.S. defense secretary

3 days ago DieselGasoil Comments Off on Attack on Saudi Arabia ‘unprecedented’: U.S. defense secretary
FILE PHOTO: U.S. Defense Secretary Mark Esper holds a news conference with French Defense Minister Florence Parly (not pictured) at the residence of French Defense Minister in Paris, France, September 7, 2019. REUTERS/Christian Hartmann WASHINGTON (Reuters) – U.S. Defense Secretary Mark Esper said on Monday the recent attack on Saudi Arabian oil facilities was “unprecedented” Read More

Saudi attacks show vulnerabilities to oil infrastructure: analysts

3 days ago DieselGasoil Comments Off on Saudi attacks show vulnerabilities to oil infrastructure: analysts
The ability of a handful of drones to damage some of Saudi Arabia’s biggest oil plants has raised questions why the world’s largest crude exporter was apparently caught by surprise by the attacks, and didn’t cut them off well before they landed, analysts said. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Iraqi-German men walk free despite stabbing of cop during family fight at back-to-school event

3 days ago DieselGasoil Comments Off on Iraqi-German men walk free despite stabbing of cop during family fight at back-to-school event
A group of Iraqi-German adults broke into a violent brawl at a back-to-school gathering in a German town. 18 police crews attended the scene and one got stabbed, but three arrested culprits were then allowed to walk free. Schoolchildren in the university town of Heidelberg went through a traumatic experience on Friday, when their Einschulung Read More

Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack

3 days ago DieselGasoil Comments Off on Biggest oil price surge since 1991 as ‘locked and loaded’ U.S. points finger at Iran for attack
DUBAI (Reuters) – An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate. FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern Read More