The United States is set to import around 600,000 barrels per day (bbl/d) of crude oil from the Middle East in August, marking the highest level since the Iran war began, as a temporary reopening of the Strait of ...
The United States reimposed sanctions on Iranian oil on July 7th, with a US official warning that Tehran’s attacks on vessels transiting the Strait of Hormuz were wholly unacceptable and would draw consequences.
The US has imposed sanctions on three individuals and nine companies for facilitating Iranian oil shipments to China, including entities based in Hong Kong, the United Arab Emirates, and Oman.
Refined oil product inventories in Fujairah, the United Arab Emirates (UAE), dropped below 10 million barrels (mmbbl) on April 15, marking their lowest level in at least nine years, according to the latest data re ...
Shipping data recorded on April 14 showed that a third Iran-linked tanker was transiting the Strait of Hormuz on the first full day of the US blockade on vessels calling at Iranian ports. US President Donald Trump ...
Iranian crude oil has kept flowing through the Strait of Hormuz at near-normal levels, despite Tehran-linked attacks on ships that have slashed exports from other Gulf nations, according to a Reuters analysis of t ...
Iran has been sending radio signals to ships stating that no vessel is allowed to pass through the Strait of Hormuz, according to Reuters. Ships navigating near the waterway have received very high frequency (VHF) ...
The International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in ...
Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after ...
The Deputy CEO of the National Iranian Drilling Company (NIDC) for Drilling Operations Hamidreza Shafiei-Makvand announced that it drilled and completed eight oil and natural gas wells its rigs during Farvardin (M ...
