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US Says it Destroyed 16 Minelaying Vessels Near the Strait of Hormuz

The U.S. said it took out more than a dozen minelaying Iranian vessels Tuesday and the Islamic Republic vowed to block…

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Business

Beyond Oil: Why Regional Conflict Is Becoming a Development and Financial Risk Story

Editor’s Opinion War in the Middle East is rarely contained to the battlefield. It moves quickly into shipping lanes, insurance…

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News

Oil Prices Soar After Iran Names Mojtaba Khamenei the New Supreme Leader

Iran launched more attacks on Israel and Gulf countries Monday, hours after Iranian state TV said Mojtaba Khamenei, son of the…

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News

Energy Costs Surge as Concerns Grow Over Global Oil Shipments Amid US-Iran War

Global energy crisis looms as crude surges sprikes by over 8% Oil prices have surged dramatically in response to the…

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News

China begins Drilling ultra-deep Oil and Gas wells in Taklimakan Desert

Drilling has commenced for a new group of ultra-deep oil and gas wells in the Taklimakan Desert, located in northwest…

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News

UAE Supplies Japan with 45.3% of its Oil Imports in August 2024

Japan imported 31.75 million barrels of oil from the UAE in August 2024, accounting for 45.3 percent of its total…

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Business

Dragon Oil Strengthens Strategic Partnership with Turkmen Government in Oil and Gas sector

Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil, wholly owned by the Government of Dubai,…

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