ADNOC Secures Iraqi Crude at Steep Discounts
Abu Dhabi National Oil Company (ADNOC) has agreed to buy up to 72 million barrels (mmbbl/s) of Iraqi crude for August and September at steep discounts, Reuters reported, citing Iraqi sources.
Iran | Egypt Oil & Gas
Trump Eyes Venezuela‑Style Scenario for Iran Oil
Trump said the United States could remain in Iran and retain access to its oil, while reiterating that he expects the war to end by the end of 2026.
Strait of Hormuz Ship Traffic Remains Well Below Average Amid Ongoing Regional Tensions
Ship traffic through the Strait of Hormuz remained significantly below normal levels on August 25, with only five commodity vessels crossing the key energy chokepoint, according to preliminary data from shipping t ...
Indian Refiners, Global Energy Major Halt Use of Iran-Blacklisted Ships
Iran’s blacklist of 45 vessels has prompted at least three Indian refiners and a global energy major to avoid the ships, including for ship-to-ship transfers, amid rising security risks in the Strait of Hormuz.
Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz
Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, as Iraq seeks to maintain crude exports amid continued disruptions and security risks in ...
US to Make Highest Middle East Crude Purchases Since Start of Iran Conflict
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 ...
US Reimposes Iran Oil Sanctions After Tanker Attacks
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.
New US Sanctions Target Iran Oil Shipments to China Ahead of Trump-Xi Meeting
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.
Fujairah Refined Product Stocks Fall to Nine-Year Low
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 ...
Third Iran-Linked Tanker Records Transit Through Strait of Hormuz
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 ...
