Iran says still-mysterious attack on oil tanker won't go unpunished

World Oct 13, 2019

Iran says still-mysterious attack on oil tanker won't go unpunished

Iran said Saturday that an attack on one of the country's oil tankers won't go unpunished, the official IRNA news agency reported. Ali Shamkhani, secretary of Iran's Supreme National Security Council, said a day after two missiles struck the Iranian tanker Sabiti as it traveled ...

World Oct 11, 2019

Iran claims missiles from Saudi Arabia hit oil tanker

Two missiles fired from Saudi territory struck an Iranian tanker traveling through the Red Sea off the coast of Saudi Arabia on Friday, Iranian officials said, the latest incident in the region amid months of heightened tensions between Tehran and the U.S. There was no ...

Brazil minister points finger at Venezuela over oil spills along coastline

World Oct 10, 2019

Brazil minister points finger at Venezuela over oil spills along coastline

The oil that has been polluting Brazil's northeastern beaches since early September is likely coming from Venezuela, according to a report by Brazil's state oil company cited by the country's environment minister. The oil sludge has now reached 61 municipalities in nine Brazilian states, contaminating ...

Saudi Aramco reports output fully restored after attacks

Business Oct 1, 2019

Saudi Aramco reports output fully restored after attacks

Saudi Aramco is producing more than 9.9 million barrels of crude a day as it fully recovers from the worst-ever attacks on its energy infrastructure. Output reached that level Sept. 25 and is a "little bit" higher now, Ibrahim Al-Buainain, chief executive officer of state-owned ...

Business Sep 27, 2019

Tanker costs surge as Chinese firms face sanctions over Iran oil

Oil tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude on Wednesday, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 million-barrel cargoes of Middle East oil to Asia have ...