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China Fully Halts Oil Imports from US As Trade War Soars

America’s second-largest oil client, China, has completely halted all oil imports from the US as trade tensions between the world’s two largest economies continue to grow.

Saudi Looting of Yemeni Oil Violation of Int'l Law: Oil Ministry

Yemen’s Oil and Mineral Ministry has denounced the looting of the country’s oil resources by Saudi Arabia, saying the move is a blatant violation of international law.

US Contemplating Waivers for Countries Import Oil From Iran

The administration of President Donald Trump is contemplating waivers on sanctions it plans to re-impose next month for countries that are cutting their oil imports from Iran, a US government official says.

Saudi Raises Oil Output to Please Donald Trump

Saudi Arabia has raised its oil production to 10.7 million barrels per day since the beginning of October, to fulfill demands by US President Donald Trump.

Iran ,EU on Threshold of Reaching Oil Agreement :Zarif

Iranian Foreign Minister, Mohammad Javad Zarif, said on Sunday that Iran and the European Union are on the brink of reaching an agreement that would allow the sale of Iranian oil and the transfer of its revenues to Iran in order to face US unilateral measures.

Russia Not To Make Oil, Gas Pipelines in Caspian Sea

Moscow has no plans to make gas or oil pipelines in the Caspian Sea, said the special envoy of Russia in Caspian Sea Affairs.

Report: Lebanon’s Oil Wealth Under Israeli Threats

Speaker Nabih Berri raised with the French ambassador Bruno Foucher the file of Lebanon’s maritime oil from the perspective of Israel's attempt to explore within the Lebanese sea waters, al-Joumhouria daily reported on Thursday.

Iran's Soybean Oil Exports Over 4K Tons

Iran exported 4,586 tons of soybean oil worth $7.39 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.

Turkey Opposes U.S. Sanctions on Iran ; Turkish Foreign Minister

Turkey has told American officials it opposes U.S. sanctions on Iran and is not obliged to implement them, Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday.

Saudi Arabia Plans to Pump up to 11 Million bpd of Oil in July

Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in its history, up from about 10.8 million bpd in June, an industry source familiar with Saudi oil production plans told Reuters on Tuesday.

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