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  • Iran-tanker-insurance-ban

    Iran offers to insure foreign ships to skirt EU ban

    Iran said it would insure any foreign ships that enter its waters, in an effort to skirt a European Union ban on insuring ships carrying Iranian crude that has hampered the country's oil exports.

    July 18, 2012 11:46
  • Barclays Bank

    Barclays to leave UAE rate panel in 90 days

    Barclays, hit by the Libor scandal in Britain, will leave the rate-setting panel for interbank lending in the United Arab…

    July 18, 2012 11:08
  • Yemen reopens oil route

    Yemen’s Maarib oil pipeline resumes flows

    Yemen's Maarib oil pipeline resumed operations earlier this week, nine months after it was shut due to sabotage, after repairs were completed, the pipeline operator at SAFER said on Tuesday.

    July 17, 2012 5:13
  • Yemen seeks 60,000 tonnes of gasoil for July on high demand

    Yemen seeks 60,000 tonnes of gasoil for July on high demand

    Yemen is seeking 60,000 tonnes of gasoil for July, after having bought about 600,000 tonnes for July and August in earlier tenders, as fuel shortages persist in the country, traders said on Tuesday.

    July 17, 2012 5:11
  • U.S. Navy supply ship Rappahannock at sea in this handout photo taken in the South China Sea

    US fire kills one, injures others on boat off UAE

    At least one person was killed and others were believed injured on Monday when a security team aboard a U.S. Navy ship fired at an approaching motor boat off the United Arab Emirates, a U.S. official told Reuters, speaking on condition of anonymity.

    July 17, 2012 11:16
  • South Korea April Iran crude imports

    Oil higher on stimulus hopes, Iran tensions

    Hope for stimulus measures bolsters oil prices; U.S. Navy fires on fishing boat off UAE; Weak U.S. retail sales data limits U.S. crude rise

    July 17, 2012 11:14

    Egypt’s Mubarak sent back to prison from hospital

    Mubarak, sentenced to life in prison over the killing of protesters in the uprising that ended his rule, was shifted from the medical wing of Tora prison to a military hospital last month following reports of a deterioration in his health.

    July 17, 2012 11:08