Iran building oil pipeline to terminal outside Gulf
Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports…
UN Calls for Investigation on Tanker Attacks
United Nations Secretary-General Antonio Guterres called on Friday for an independent investigation to establish the facts and who was responsible for attacks on two oil…
U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes
The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then…
Oil Prices Jump 2% After Tanker Attacks
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key…
Two Tankers Attacked in Gulf of Oman
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries…
Oil Price Risks Rise
Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, said the energy research firm Rystad Energy.Two Saudi…
SafeSTS Debuts in the Middle East
SafeSTS, which is owned by Future Marine Services, has made a strong start in the Middle East region, undertaking five UAE ship-to-ship transfers for two oil majors in…
Iran to Build Crude Oil Storage Facility at Gulf of Oman Port
A unit of the National Iranian Oil Co. (NIOC) signed a deal with a local firm on Sunday to build a crude oil storage facility near Iran's southeastern port of Jask with…
Middle East Oil & Gas Shipping Routes are at Risk
Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused…
Australian Fund Buys UAE Oil Storage Terminal
Australia-based Prostar Capital has bought a storage terminal in the key Fujairah oil hub in the United Arab Emirates, said sources with knowledge of the matter. Off the…
GulfNav Unveils Expansion Plans
Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016),…
India, Iran Ink Port Deal Despite US Warning about Haste
India reached a deal on Wednesday to develop a strategic port in southeast Iran despite U.S. pressure not to rush into any such trade agreements before world powers clinch a final nuclear accord with Tehran.
Oil Tanker Fired Upon in Strait of Hormuz
IMB says unidentified assailants in a speedboat fired at a crude oil tanker in Strait of Hormuz on Sunday. The crew of the unidentified oil tanker reported being shot at…
