iran

The Wall Street Journal reports that Saudi Oil Refineries could take months to repair according to foreign contractors working with the Saudi state giant. Saudi Arabia state oil company Aramco had initially said repairs would take a few days. This …

Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% …

Iran dropped 154,000 bpd to 2.554 million bpd in April. Iraq dropped 113,000 bpd to 4.63 million bpd. Saudi Arabia had 45,000 bpd less oil in April at 9.742 million bpd. Venezuela had a slight increase of 28,000 bpd to …

The power of Shale Oil 2.0 to increase oil production means the US can provide growing world demand and gives the US an economic win if it squeezes Iran out as an oil supply competitor.

France said on Tuesday there was no doubt Iran’s intelligence ministry was behind a June plot to attack an exiled opposition group’s rally outside Paris and it seized assets belonging to Tehran’s intelligence services and two Iranian nationals. The hardening …

IEA (International Energy Agency) and Saudi Arabia oil prices will go and stay above $80 per barrel as output from Venezuela and Iran drops. Saudi Arabia lifted output by 70,000 barrels a day to 10.42 million last month. This is …

Pentagon leaders say the U.S. Navy has no intention of altering any operations in the region. Iran has claimed control of the Persian Gulf and the Straits of Hormuz. Iran has about 100 small patrol boats that look like large …