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  • The attacks near Iran and the Strait of Hormuz pushed oil prices up as much as 4.5% on Thursday, putting the brakes on a slide in prices in recent weeks over concerns about global demand. It was the second time in a month tankers have been attacked in the world's most important zone for oil supplies, amid rising tensions between the United States and Iran.

  • The attacks near Iran and the Strait of Hormuz pushed oil prices up as much as 4.5% on Thursday, putting the brakes on a slide in prices in recent weeks over concerns about global demand. It was the second time in a month tankers have been attacked in the world's most important zone for oil supplies, amid rising tensions between the United States and Iran.

  • An oil tanker is seen after it was attacked at the Gulf of Oman, June 13, 2019.

    Oil rose after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions.

  • *The strait lies between Oman and Iran. *The UAE and Saudi Arabia have sought to find other routes to bypass the Strait, including building more oil pipelines. *OPEC members Saudi Arabia, Iran, the UAE, Kuwait and Iraq export most of their crude via the Strait.

  • June 13- All major Gulf stock markets dropped on Thursday after suspected attacks on tankers in the Gulf of Oman, with a missile strike by Yemen's Houthi rebels on a civilian airport in southern Saudi Arabia also weighing on risk sentiment. Saudi's share index declined 0.8%, snapping five days of straight gains, with heavyweight petrochemical maker Saudi Basic...

  • The Prelude floating LNG vessel- about four soccer fields long- dispatched on Monday its first cargo from its position off northwestern Australia to a customer in Asia, Shell said in a statement on Tuesday. Australia has now overtaken Qatar as the world's largest producer of LNG, and while the long-term prognosis for the super-chilled fuel may still be positive,...

  • A drilling crew member on an oil rig in the Permian Basin near Wink, Texas. 

    The U.S. will maintain its oil production — or even ramp it up higher — despite low energy prices, Deputy Energy Secretary Dan Brouillette said Wednesday.

  • QATAR AIRWAYS TO SEEK COMPENSATION FROM BOEING OVER GROUNDING OF THREE 737 MAX AT AIR ITALY, WHERE QATAR IS A SHAREHOLDER- CEO.

  • QATAR AIRWAYS CEO SAYS HOPES PASSENGER TRAFFIC AT DOHA AIRPORT TO EXCEED 42 MLN THIS YEAR.

  • LONDON, June 7- Europe saved $8 billion on its natural gas bill last year because surging U.S. shale production and a shake-up in EU energy markets forced Russia to change its gas pricing mechanism, the head of the International Energy Agency said on Friday. The change began, he said, when rising U.S. gas output led Qatar, the world's largest LNG exporter, to divert LNG...

  • LONDON/ NEW YORK, June 3- Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas it ends up selling and not the typical U.S. gas benchmark. "Producers want this because it will give them better realizations than what they will see in the North American market," Anatol...

  • *Qatar Airways sponsors diversity and inclusion awards at meet. SEOUL, June 2- A year after Qatar Airways boss' remark that a woman could not do his job drew scathing criticism, airline executives called out the industry for paying only "lip service" to diversity and not pushing to get more women out of cabins and into boardrooms. While Akbar al-Baker had apologised...

  • *Tensions rising between Iran and United States. *Iran vows to counter any economic, military aggression. But in a sign of regional tensions, Iraq, which has good ties with neighbouring Iran and Washington, said it objected to the Arab communique, which stated that any cooperation with Tehran should be based on "non-interference in other countries".

  • Saudi Arabia's King Salman bin Abdulaziz Al Saud.

    Saudi Arabia's King Salman told an emergency Arab summit on Thursday that decisive action was needed to stop Iranian "escalations" in the region following attacks on Gulf oil assets.

  • *Tensions rising between Iran and United States. *Iran vows to counter any economic, military aggression. But in a sign of regional tensions, Iraq, which has good ties with neighbouring Iran and Washington, said it objected to the Arab communique, which stated that any cooperation with Tehran should be based on "non-interference in other countries".

  • *Tensions rising between Iran and United States. Saudi Arabia and the UAE, which have lobbied Washington to contain their foe, Shi'ite Muslim Iran, have said they want to avoid war after drone strikes on oil pumping stations in the kingdom and the sabotage of tankers off the UAE coast. Riyadh accused Tehran of ordering the drone strikes, which were claimed by...

  • *Tensions rising between Iran and United States. MECCA, Saudi Arabia, May 30- Saudi Arabia convened emergency Arab summits on Thursday to deliver a strong message to Iran over regional security after recent attacks on Gulf oil assets, as American officials said a U.S. military deployment had deterred Tehran. Riyadh accused Tehran of ordering the drone strikes,...

  • *Saudi, UAE lobby Washington to contain Tehran. Saudi and the United Arab Emirates, which have lobbied Washington to contain their foe Iran, have said they want to avoid war after drone strikes on oil pumping stations in the kingdom and the sabotage of oil tankers off the UAE coast. Riyadh accused Tehran of ordering the drone strikes, which were claimed by Yemen's...

  • Mohammed bin Salman

    Achieving a united plan of action against Iran among Gulf states will likely still prove challenging, experts say.

  • *Saudi, UAE lobby Washington to contain Tehran. Saudi and the United Arab Emirates, which have lobbied Washington to contain their foe Iran, have said they want to avoid war after drone strikes on oil pumping stations in the kingdom and the sabotage of oil tankers off the UAE coast. Riyadh accused Tehran of ordering the drone strikes, which were claimed by Yemen's...