LONDON/DUBAI (Reuters) – Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.
HOUSTON (Reuters) – Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Department official said on Wednesday.
HOUSTON (Reuters) – Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states.
DUBAI/SINGAPORE/BEIJING (Reuters) – Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.
HOUSTON (Reuters) – A glance at the attendee list at one of the world’s largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.
MOSCOW (Reuters) – Leonid Mikhelson, chief executive of Russian gas giant Novatek, said on Sunday…
BAKU (Reuters) – The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
BAKU (Reuters) – OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories.
BAKU (Reuters) – Saudi Arabia’s energy minister said on Sunday he was optimistic about continued…
SINGAPORE/NEW YORK/TOKYO (Reuters) – South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.
DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded.
DUBAI (Reuters) – Saudi Aramco, the world’s biggest oil producer, was building an international gas…