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Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf

8 mins ago DieselGasoil Comments Off on Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf
Iranian Foreign Minister Javad Zarif has said Donald Trump is “100% right” in that the US military has no business in the Perisan Gulf, after Trump questioned whether they needed to maintain such a strong presence in the region. Tweeting in rare agreement after Trump announced a new round of sanctions against Tehran, Zarif said Read More

Trump signs off sanctions targeting Iran’s supreme leader

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US President Donald Trump has signed off “hard-hitting” sanctions against Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More

Trump threatens to lessen US security role in Strait of Hormuz

3 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz
Washington — President Donald Trump signaled Monday that the US may lessen its role in the Strait of Hormuz as domestic oil and gas output grows and US energy imports from the Middle East decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “China gets 91% of its Oil Read More

Trump signs off sanctions ‘targeting Iran’s supreme leader’

4 hours ago DieselGasoil Comments Off on Trump signs off sanctions ‘targeting Iran’s supreme leader’
US President Donald Trump has signed off fresh sanctions on Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

6 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

Russia says it will counter ‘illegal’ US sanctions on Iran

7 hours ago DieselGasoil Comments Off on Russia says it will counter ‘illegal’ US sanctions on Iran
By Tom Gillespie, news reporter Russia says it will counter “illegal” sanctions Donald Trump plans to impose on Iran after the downing of a US drone. Deputy foreign minister Sergei Ryabkov has not revealed what steps Russia would take in response to the measures taken by Donald Trump aimed at stopping the country from obtaining Read More

McDermott wins large EPCI contract for Saudi Aramco’s Marjan and Zuluf fields

7 hours ago DieselGasoil Comments Off on McDermott wins large EPCI contract for Saudi Aramco’s Marjan and Zuluf fields
6/24/2019 HOUSTON — McDermott International, Inc. has announced a large contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia. The contract includes the full suite of EPCI services for the relocation of Control Rooms in Zuluf GOSP-4, Marjan GOSP 2 and 3, Read More

Still too early to take position on OPEC+ crude deal for H2: Russia’s Novak

8 hours ago DieselGasoil Comments Off on Still too early to take position on OPEC+ crude deal for H2: Russia’s Novak
London — Russian energy minister Alexander Novak said Monday it was still too early to talk about what form an OPEC+ deal on crude output should take in the second half of the year due to ongoing uncertainty in the market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Trump warns of more Iran sanctions with fewer targets remaining

8 hours ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

Dubai crude structure softens despite Middle East conflict escalation

16 hours 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