Middle East

Iran Vessels Make 'High Speed Intercept' of US Ship

Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid

Shots Fired: US Navy Ship Warns Iranian Vessel

A U.S. Navy ship fired warning shots after an Iranian fast-attack craft approached two U.S. ships in the northern Gulf on Wednesday, a U.S. Defense official said.

Iran Defends Encounter with US Warship

Iran's defence minister said on Thursday four of his country's vessels accused of harassing a U.S. warship were only doing their job, and Tehran would contront

WSS Establishes Suez Canal Transit Team

Wilhelmsen Ships Service (WSS) has established a dedicated local transit team to help its customers negotiate not just the Suez Canal, but also the complex rebate

Oil prices fall as hopes of production freeze fade

Few analysts expect producers to agree freeze in output; U.S. crude inventories swell to 523.6 million barrels. Oil prices slipped on Thursday as the market

Svitzer Team Visits Sanmar Shipyards

Members of Svitzer's management team visited both of Sanmar’s shipyards to monitor the progress of existing orders and discuss further existing contracts between

U.S. Oil Dips as Crude Stocks Rise

Weekly U.S. crude stocks rise 4.5 mln barrels as oil recovery faces significant headwinds. U.S. oil prices fell more than 2 percent on Wednesday on an unexpected increase in U.

Cathelco MGPS for Latest Lamprell-built Jack-up

Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based  leading provider of fabrication,

Iran to in Algeria OPEC meeting

Iran, OPEC's third largest producer, has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, an OPEC source said on Tuesday. OPEC

Oil Below $49 as Glut Outweighs Production Reduction Hopes

Brent's August rally fizzles outas U.S. crude inventories seen lower in weekly report. Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally,

Riyadh MOU PSC CIC on Pilot Transfer Arrangements

Six (6) countries (Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and UAE) of the Riyadh MoU in the Gulf Region are planning the following PSC Concentrated Inspection

Iraq's New Oil Minister Sticks by Demand to Review Foreign Contracts

Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Saudi's Sipchem Production Back to Normal

Saudi International Petrochemical Co (Sipchem) said on Monday that a technical problem at its unit International Gases Co, which had disrupted operations at two other units since mid-August,

Iraq Exports more LPG, Condensate Cargoes

Iraq exported two new cargoes of liquefied petroleum gas and one cargo of gas condensates, the oil ministry said in a statement on Monday. The shipments were exported from the southern ports,

Oil Sags on China Fuel Exports, U.S. Rig Count

Refined product glut ongoing as China exports soar; U.S. drillers add rigs for eighth consecutive week. Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.

Petchems Boost Saudi but Markets Sluggish

Petrochemical shares boosted Saudi Arabia's stock market early on Sunday on the back of strong oil prices but most share markets in the Gulf were barely changed.

Gulf Set to Consolidate, Supported by Oil

Gulf stock markets look set to consolidate on Sunday, supported by last week's rebound in oil prices but lacking other positive factors to spur buying of individual stocks.

Brent Softens, but Third Week of Gains Likely

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze,

Libya's NOC Says Tanker Will Transfer Oil from Threatened Port

Libya's National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker dock at Zueitina port to load oil and take it to a safe place.

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