Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take ...
Saudi Arabia’s nuclear program is fundamental to the development of a sustainable energy sector, Saudi Energy Minister Khalid al-Falih told the International Atomic Energy Agency on September 17.
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
Global oil demand is expected to reach 100 million barrels per day (b/d) later this year, much earlier than previously expected, OPEC Secretary-General Mohammad Barkindo stated on September 5.
Japanese oil distributors plan to suspend Iranian crude imports in October before US sanctions become effective on November 4.
Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30.
India will not cut all its crude exports from Iran, a senior Indian government official told Reuters.
Reliance Industries Limited (RIL) announced that it will stop importing Iranian crude from November to comply with US sanctions on the Islamic Republic.
Turkey has rejected US pleas to curtail crude imports from Iran, telling US officials that it is under no obligation to implement Washington's sanctions regime against Tehran.
Qatar Petroleum will invest $20 billion over five years in US oil and gas fields.
