crude oil

  • China Nov 10, 2019

    Iran Discovers New Oil Field With Over 50 Billion Barrels

    Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled...

  • Philadelphia Oct 25, 2019

    Concrete Falls from Crumbling Bridge in South Philadelphia

  • CEO Nov 3, 2019

    Saudi Arabia Formally Starts IPO of State-Run Oil Firm Aramco

    Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom’s crown jewels. An approval by Saudi Arabia’s Capital Market Authority served as the starting gun for an IPO promised by Crown Prince Mohammed...

  • CEO Nov 3, 2019

    Saudi Arabia Formally Starts IPO of State-Run Oil Firm Aramco

    Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom’s crown jewels. An approval by Saudi Arabia’s Capital Market Authority served as the starting gun for an IPO promised by Crown Prince Mohammed...

  • Donald Trump Nov 1, 2019

    Trump Claim to Syrian Oil Raises Many Questions

    By claiming a right to Syria’s oil, President Donald Trump has added more complexity — as well as additional U.S. forces and time — to an American military mission he has twice declared he was ending so the troops could come home. Extending the mission to secure eastern Syria’s oilfields happens to fit neatly with the Pentagon’s view — supported...

  • Donald Trump Nov 1, 2019

    Trump Claim to Syrian Oil Raises Many Questions

    By claiming a right to Syria’s oil, President Donald Trump has added more complexity — as well as additional U.S. forces and time — to an American military mission he has twice declared he was ending so the troops could come home. Extending the mission to secure eastern Syria’s oilfields happens to fit neatly with the Pentagon’s view — supported...

  • Donald Trump Oct 24, 2019

    Esper: US Troops, Armored Vehicles Going to Syria Oil Fields

    The U.S. will send armored reinforcements into eastern Syria to bolster defenses against a potential move by Islamic State militants on oil fields controlled by American-backed Syrian Kurds, U.S. Defense Secretary Mark Esper said Friday. Esper described the added force as “mechanized,” which means it likely will include tanks and other combat vehicles such as Bradley armored infantry carriers. This...

  • Donald Trump Sep 28, 2019

    Iran Slams US for Barring Zarif From New York Hospital Visit

    Iran slammed the United States on Saturday for what it called an “inhumane” decision to bar its foreign minister, who was attending the U.N. summit meetings in New York, from visiting a hospitalized Iranian diplomat in the city. U.S. authorities were not allowing Iranian Foreign Minister Mohammad Javad Zarif to visit U.N. ambassador Majid Takht Ravanchi, who was undergoing cancer...

  • Donald Trump Sep 22, 2019

    Iran Asks West to Leave Persian Gulf as Tensions Heightened

    Iran’s president called Sunday on Western powers to leave the security of the Persian Gulf to regional nations led by Tehran, criticizing a new U.S.-led coalition patrolling the region’s waterways as nationwide parades showcased the Islamic Republic’s military arsenal. Hassan Rouhani separately promised to unveil a regional peace plan at this week’s upcoming high-level meetings at the United Nations, which...

  • General Sep 18, 2019

    US Says Attack on Saudi Oil Site Was an Iranian ‘Act of War’

    U.S. Secretary of State Mike Pompeo on Wednesday called the attack on Saudi Arabia’s oil installations an “act of war” against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was “unquestionably sponsored by Iran.” Iran, which has denied involvement in the attack, warned the U.S. it will...

  • Donald Trump Sep 16, 2019

    US Blames Iran for Saudi Strike; Big Hit for Oil Prices

    The U.S. continued to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices soaring. Three people familiar with the intelligence told NBC News that American intelligence showed that the attack was launched from Iran – an assessment that is likely to escalate...

  • Donald Trump Sep 15, 2019

    Trump: US Locked and Loaded for Response to Attack on Saudis

    A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom’s oil production threatened Sunday to fuel a regional crisis, as the U.S. released new evidence to back up its allegation that Iran was responsible for the assault amid heightened tensions over Tehran’s collapsing nuclear deal. President Donald Trump said the U.S. had reason...

  • Donald Trump Sep 14, 2019

    Saudi Arabia: Drone Attacks Knocked Out Half Its Oil Supply

    Yemen’s Houthi rebels launched drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires at a vulnerable chokepoint for global energy supplies. The drone attacks affected up to half of the supplies from the world’s largest exporter of oil, though the output should be restored within days, multiple news...

  • Donald Trump Sep 7, 2019

    Iran Uses Advanced Centrifuges, Threatens Higher Enrichment

    Iran on Saturday said it now uses arrays of advanced centrifuges prohibited by its 2015 nuclear deal and can enrich uranium “much more beyond” current levels to weapons-grade material, taking a third step away from the accord while warning Europe has little time to offer it new terms. While insisting Iran doesn’t seek a nuclear weapon, the comments by Behrouz...

  • Donald Trump Sep 3, 2019

    Iran Oil Tanker Pursued by US Turns Off Tracker Near Syria

    An Iranian oil tanker pursued by the U.S. turned off its tracking beacon, leading to renewed speculation on Tuesday that it will head to Syria. The disappearance of the Adrian Darya 1, formerly known as the Grace 1, follows a pattern of Iranian oil tankers turning off their Automatic Identification System to try and mask where they deliver their cargo...

  • Donald Trump Sep 2, 2019

    Fact Check: Trump’s Bluster on Hurricanes, Guns, Economy

    Facing another deadly mass shooting, President Donald Trump is deflecting on gun control. Over the weekend, he pointed to mental illness as a likely culprit behind recent shootings in Odessa, Texas, and elsewhere, even though criminologists routinely point to gun ownership as a far better predictor of public mass shootings than indicators of mental illness. There were no immediate indications...

  • Donald Trump Sep 1, 2019

    Fact Check: Trump’s Swipe at Puerto Rico, G-7 Comments

    President Donald Trump presented a distorted picture of the auto industry, told a fanciful story about Iran duping Barack Obama and took a misinformed swipe at Puerto Rico just as its residents braced for a catastrophe that didn’t come. A look at some statements by Trump and his team during a week bookended by the Group of Seven summit and...

  • Donald Trump Aug 26, 2019

    Fact Check: Trump’s Mistold Tale of Obama and Iran

    President Donald Trump on Monday assailed the Obama administration for being hoodwinked by Iran, making his case with a frequently told and false story about the U.S. giving billions of dollars to Tehran. In an extended news conference with French President Emmanuel Macron and other remarks at the G-7 summit, Trump also asserted inaccurately that the U.S. has the cleanest...

  • Donald Trump Aug 25, 2019

    Drone War Takes Flight, Raising Stakes in Iran, US Tensions

    From the vast deserts of Saudi Arabia to the crowded neighborhoods of Beirut, a drone war has taken flight across the wider Middle East, raising the stakes in the ongoing tensions between the U.S. and Iran. Since the U.S. withdrawal from the Iran nuclear deal last year, there has been an increasing tempo of attacks and alleged threats, notably this...

  • DUBAI Aug 17, 2019

    Yemen Rebel Drone Attack Targets Remote Saudi Oil Field

    Drones launched by Yemen’s Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia’s sprawling desert on Saturday, causing what the kingdom described as a “limited fire” in the second such recent attack on its crucial energy industry. The attack on the Shaybah oil field, which produces some 1 million barrels of crude oil a day near...

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