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Tanker in Strait of Hormuz

July 8th, 2026 - 08:10 GMT

P. Choiaqo

Oil prices jump as Iran and US renew strikes on each other

ALBAWABA - Oil prices surged on Wednesday and continue to trend upward as the U.S. and Iran renew strikes on each other. It seems that the war will not be over quickly, as major breaches of the MoU took place on Wednesday, it started when Iran hit three vessels in the Strait of Hormuz, a Qatari LNG tanker named ‘Al Rekayyat’, along with a Saudi Supertanker ‘Wedyan’, and another unidentified ...

The Saudi finance ministry criticised the downgrade

October 1st, 2019 - 11:30 GMT

Fitch Downgrades Saudi Arabia’s Credit Rating

Aramco is planning to select about 15 bookrunners in total

October 1st, 2019 - 10:00 GMT

Saudi Aramco to Pay Base Dividend of $75 Billion in 2020

Iraq held its position as the top oil supplier to India followed by Saudi Arabia.

September 28th, 2019 - 09:00 GMT

India’s Oil Imports From Iraq Jump to a High Record in August

Both Aramco plants were hit in drone and missile attacks on Sept. 14 that caused fires and significant damage, halving the country’s oil output.

September 24th, 2019 - 08:17 GMT

Saudi Arabia Restores Over 75 Percent of Oil Production Level Pre-Attack

Tariff rates for export of raw minerals will increase by 25 percent

September 19th, 2019 - 09:30 GMT

Iran to Increase Tariff Rate on Raw Minerals starting September 22

The UAE ranked in first place in terms of the foreign investments pumped into financial intermediation, industry, manufacturing and trade.

September 18th, 2019 - 09:00 GMT

Foreign Investments in Oman Hit OMR16.23 Billion

Q2 2019 marks the highest value of awarded contracts by quarter since Q2 2015

September 18th, 2019 - 07:00 GMT

Saudi Contract Soars to $30.2 Billion in H1 2019

The oil output to international markets is back to what it was before the attack

September 18th, 2019 - 05:57 GMT

Saudi Arabia Committed to Fully Restore Oil Production by Month-End

The kingdom will achieve 11 million barrels per day (bpd) capacity by the end of September

September 18th, 2019 - 05:57 GMT

Saudi Arabia Committed to Fully Restore Oil Production by Month-End

With the oil cartels market share of the world’s production now tumbling below one-third, there are signs Opec’s significance in global markets is waning.

September 17th, 2019 - 12:30 GMT

What Will Happen to Oil Markets After the Attacks on Saudi Facilities?

Prices are likely to break out of the current $55-65 a barrel options range, to test the high of $70s as currently supported by fundamentals

September 17th, 2019 - 06:30 GMT

Oil May Hit $75 Level If Saudi Outage Prolongs for More Than Six Weeks

The company is currently working on evaluating the final effects to determine the financial impact.

September 16th, 2019 - 09:00 GMT

4 Major Saudi Petchem Groups Cut Feedstock Supplies After Attack