News / International
Oil Oversupply Not Helping Old Tankers As Originally Anticipated
As tanker owners with aged VLCC tankers were looking for an opportunity in the scrap market, in order to send their vessels for demolition, the opportunity of floating storage plays rose, giving those older ship another lifeline
Son of Ex-President Rafsanjani, Former Oil Official Found Guilty
An Iranian court handed down a 15-year prison sentence to the son of former President Ali Akbar Hashemi Rafsanjani, after he was convicted of bribery and embezzlement, a judiciary official said on Sunday.
Venezuela to Pay Compensation for ‘Lawful’ Vessel Nationalizations
A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.
Saudi Prince: Iran Nuke Deal Introduces Needless Global Instability
Any terms that world powers grant Iran under a nuclear deal will be sought by Saudi Arabia and other countries, risking wider proliferation of atomic technology, a senior Saudi prince warned on Monday in a BBC interview.
Oil Prices Push Gulf Equity Markets Down, March Summit Push Egypt Stock Up
Gulf equity markets may stay depressed on Monday after oil prices extended losses and corporate news provided little encouragement
Saudi Advisor: Oil Prices to Stabilize, Supply-Demand to Remain Healthy
Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia's oil minister said.
Protests in Algeria Against Shale Gas Drilling
Thousands of Algerians demonstrated Saturday against plans to drill for shale gas in the south of the country.
Qatar: Fund for Innovation, SMEs to Lessen Hydrocarbon Dependency
The Qatar Science & Technology Park (QSTP) is looking towards its Proof of Concept Fund (POCF) programme to stimulate growth in the country’s small and medium-sized enterprises (SMEs) sector, QSTP director for Innovation Haya al-Ghanim told Gulf Times.
