Oil – Page 26 – THE OVAL CIRCLE

Russia estimates its oil reserves value at over $1 trillion

Posted on September 25, 2019By Editor

Russia’s Ministry of Natural Resources and Environment has estimated the market value of the country’s oil reserves at 74.5 trillion rubles ($1.2 trillion), which is nearly double the amount of last year’s valuation. … Read More >Russia estimates its oil reserves value at over $1 trillion

Business

India to boost crude imports from Russia after Saudi oil attacks

Posted on September 19, 2019September 20, 2019By Editor

The world’s third-largest oil consumer, India, is seeking to increase oil imports from Russia following drone attacks on Saudi Arabia’s oil facilities.The kingdom is the second biggest supplier of crude to India after Iraq. … Read More >India to boost crude imports from Russia after Saudi oil attacks

Middle East

Attack on Saudi oil facilities an ‘act of war’ by Iran, Pompeo says after Riyadh blames Tehran

Posted on September 18, 2019September 21, 2019By Editor

The weekend attack on Saudi Aramco oil facilities was an “act of war” against Saudi Arabia for which Iran was responsible, US Secretary of State Mike Pompeo announced upon his arrival in Jeddah for a working visit. … Read More >Attack on Saudi oil facilities an ‘act of war’ by Iran, Pompeo says after Riyadh blames Tehran

Middle East

Saudi Arabia accuses Iran of sponsoring oil-plant attack, says it ‘couldn’t have originated in Yemen’

Posted on September 18, 2019September 21, 2019By Editor

Saudi Arabia has claimed that Iran was the sponsor attacks on its oil treatment facilities, presenting wreckage of drones and missiles as “definitive proof” of Tehran’s involvement. … Read More >Saudi Arabia accuses Iran of sponsoring oil-plant attack, says it ‘couldn’t have originated in Yemen’

World

Oil supply is back to what it was before the attack, but we don’t know yet who is responsible – Saudi energy minister

Posted on September 17, 2019September 21, 2019By Editor

Saudi Arabia’s energy minister said that its oil supplies had resumed and that its oil market would be “fully back online” by the end of September following attacks which Washington blames on Iran while Riyadh is still probing. … Read More >Oil supply is back to what it was before the attack, but we don’t know yet who is responsible – Saudi energy minister

Business

Oil at $100 per barrel? Attack on Saudi refineries could shake oil market further

Posted on September 17, 2019September 27, 2019By Editor

The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe. … Read More >Oil at $100 per barrel? Attack on Saudi refineries could shake oil market further

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