Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
Iran
Oil holds biggest weekly drop since July on easing Gulf tension
Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Oil price uncertainty could continue for ‘weeks’ amid US-Iran conflict
Analysts have warned uncertainty on the global oil price could continue for weeks amid the US-Iran conflict.
Oil prices up after Iran attacks reignite supply fears
Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its top general, before paring much of their advance as Tehran signaled the strike was over.
Updated: Oil flirts with $70 as Middle East crisis deepens fear of supply disruption
Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals.
‘Elevation’ for oil prices as Iran threatens retaliation for US attacks, Kemp says
Oil prices are likely to remain “elevated” after a US airstrike heightened the prospect of supply disruption from the Middle East, a prominent Aberdeen petro-economist said today.
Brent nears $70 as US strike on Iran general raises conflict fears
Oil jumped close to $70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region.
The great decoupling of energy stocks from oil creates carnage
This year has been one of moderate gains for the price of oil, but it has been bleak for producers.
APICORP alarmed on declining MENA gas spend
Gas investments in the Middle East and North African (MENA) region are declining, according to a report from Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP).
Saudi Arabia’s oil heartland is calm – that’s bad news for Iran
At a cultural gathering in the region of Qatif in Saudi Arabia’s oil-rich east, a poet recited some of his work before taking questions. The audience of 80 or so people was engaged and smiling, while a man quietly served coffee and tea in espresso-sized paper cups.
Iran’s giant oil discovery brings ‘little material benefit’ under crushing US sanctions
Iran’s 50billion barrel oil find will bring little benefits while it remains under the weight of US sanctions, an analyst has said.
Iran makes 50bn barrel oil discovery
Iran has discovered a new oil field in the country's south with an estimated 50 billion barrels of crude oil, its president said.
Iran breaks enrichment limit with construction of second nuclear power reactor
Iran has started construction on a second nuclear reactor at its Bushehr power plant, a facility Tehran cites as its reason for breaking the enrichment limit set by the unravelling 2015 nuclear deal with world powers.
New waiver protects Serica North Sea field from US sanctions until 2021
North Sea operator Serica Energy has secured a way to protect its Rhum field from US trade sanctions until 2021.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
China’s CNPC quits flagship Iran gas project as sanctions bite
China National Petroleum Corp. is no longer a partner in Iran’s biggest natural gas project, and the Persian Gulf nation will develop Phase 11 of the giant South Pars field on its own, Oil Minister Bijan Namdar Zanganeh said, according to the ministry’s Shana news service.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Integration against an uncertain world
Oil prices spiked as a result of the mid-September attack on Saudi Arabia’s production facilities but have since fallen back.
Oil rises as Saudi restores output to pre-attack levels
Oil edged higher after its biggest quarterly drop this year as investors weighed Saudi Arabia’s quick recovery from attacks last month against a resumption in U.S.-China trade negotiations next week.
Iran claims attack on Saudi oil sites was act of ‘legitimate defence’
Iran has said this month's missile-and-drone attack by Yemen's rebels on major Saudi oil sites was an act of "legitimate defence" by the Iran-allied Houthis.
British-flagged tanker leaves Iran after being seized in July
A British-flagged oil tanker held by Iran for more than two months has been released by Tehran.
Seized British-flagged tanker prepares to leave Iran
The Stena Impero tanker is "preparing for departure from Bandar Abbas" after being seized in Iran, a spokesman for owner Stena Bulk has said.
Oil price rises due to Gulf tensions and Saudi supply doubts
Oil resumed gains as tension between the U.S. and Iran ratcheted up following the attacks on Saudi Arabia, while doubts remained over how fast the kingdom would be able restore lost output.