Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry sources and officials.
September 13, 2012 11:11
Oil output by the big three Gulf producers saw a net increase of around 400,000 barrels per day (bpd) in August from July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the United Arab Emirates (UAE), industry sources said.
September 9, 2012 5:22
Saudi Arabia produced 9.7 million barrels a day (bpd) of crude oil in August, down around 100,000 bpd from July, an industry source said on Sunday.
September 9, 2012 5:12
Investors scale down expectations from ECB meeting; Weak US manufacturing data adds to jitters
September 5, 2012 10:08
Get ready for a prolonged slowdown in the major industrial economies warns John Kemp, if Brent crude oil prices stay substantially above $100 per barrel, the economies of the United States and Western Europe will almost certainly struggle in the next few months.
September 4, 2012 5:16
Asian imports of Iran oil may edge up, but will level by year-end; Japan, China, India and South Korea buy most of Iran's oil exports; Iran exports at risk due to possible fresh sanctions
August 13, 2012 10:18
China expected to load about 16 mln barrels of Iranian oil in Aug; Monthly volumes seen largely steady for rest of year; China in freight talks with Iran tanker firm as vessel costs vary
August 7, 2012 3:37
Yemen's Maarib oil pipeline resumed operations over the weekend, the pipeline operator said on Tuesday, ending a nine-month halt due to sabotage which left the poorest Arab country dependent on fuel donations.
July 18, 2012 12:15
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
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
Asia shares extend rally as China growth within expectations; Bernanke's semi-annual monetary policy report key this week; Brent to retrace to $101.26 –technicals; Coming Up: U.S. retail sales mm June
July 16, 2012 10:26
Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.
July 14, 2012 8:51
Turkey cannot bring Iranian oil on own tankers; Up to 7 million barrels stuck in Egyptian tanks; Reselling crude might prove tough
July 13, 2012 8:40
U.S. new jobless claims fall to 4-year low; China Q2 GDP due Friday, lower growth forecast; U.S. Fed to act on stimulus if economy worsens
July 13, 2012 8:38
Iranian oil on its way to China from July programme; Comes amid dispute over freight terms; Japan takes steps to resume imports in August
July 12, 2012 12:16