Dubai - The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all locations. An analysis by GMS
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Vienna - Iraqi Oil Minister Thamer Ghadhban said on Sunday that he expects a global deal cutting crude production to be extended by six to nine months and that his country supports all efforts to improve stability in the oil market.
Los Angeles - Hyperloop Transportation Technologies has met with officials from the United States Department of Transportation, USDOT, at HyperloopTT’s research facilities in Toulouse, France
London - Growing concern for safety of Middle East shipping lanes. Premiums spike after repeat attacks.
Dubai - International bonds issued by Gulf Cooperation Council (GCC) states weakened on Thursday after two tankers were hit in suspected attacks in the Gulf of Oman, a month after a similar incident in which four tankers in the region were struck.
Tokyo - The president of the Japanese shipping company Kokuka Sangyo Ltd said one of its tankers had been attacked near the Strait of Hormuz, its president told reporters at a news conference.
Abu Dhabi - CSP Abu Dhabi Terminal, a container terminal built and operated by China’s COSCO Shipping Ports Limited (CSP) at Khalifa Port in partnership with Abu Dhabi Ports, has received two of the world’s largest mega-vessels within less than a month
Dubai - Saudi Arabia does not want war but will not hesitate to defend itself against Iran,a top Saudi diplomat said Sunday after the kingdom’s energy sector was targeted this past week amid heightened tensions in the Persian Gulf
London - Not in a long time has the geopolitical situation in many of the worlds largest crude providers been so precarious. At the time of writing, many are still trying to understand the rationale behind the sabotage of vessels at Fujairah and drone attacks on Saudi Arabian pumping stations
Lima - Israel Shipyards Ltd. and SK Group member,a leading shipbuilding and repair company for the naval and commercial marine markets - presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at SIDEF 2019
Dubai - Saudi Arabia says drones hit oil pumping stations near Riyadh. Attack follows sabotage of Saudi oil tankers off UAE coast.
Brussels - EU trying to save Iran deal after US withdrawal. US Sec of State Pompeo meets EU ministers on Iran.
London - Riyadh says attack undermines oil supply security. UAE launches probe without blaming at any state or party * Iran calls incident “worrisome”, asks for investigation.
Aden - Yemen government awaits U.N. timetable for peace moves. U.N. says Houthi forces withdrawn from Red Sea ports.
Dubai - The incident occurred near the UAE emirate of Fujairah, one of the world’s largest bunkering hubs that lies just outside the Strait of Hormuz, it said.
Doha - Qatar Petroleum has invited tenders for the construction of more than 100 LNG ships
Istanbul - Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a day after a U.S.-imposed sanctions deadline.
Geneva - U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.
Djibouti - A court in London has awarded global ports operator DP World $385 million in compensation for the government of Djibouti’s decision to shut it out of previously-agreed development opportunities. When adding in unpaid royalties, the total award comes to $533 million
Bandar Abbas - Three staffers in Iran’s defense industries have been killed in an explosion in a submarine under construction in the country’s south. The explosion took place at a ship-building factory about 37 kilometers west of the southern port of Bandar Abbas that overlooks the Strait of Hormuz