Topic
middle-east-energy
3 stories related to this topic, newest first.
rigzone.comfinance18 days ago
ADNOC Lowers July Murban Crude Price to $101.48 per Barrel
Abu Dhabi National Oil Company cut its official selling price for Murban crude for July delivery by $2.96 per barrel. The reduction follows the easing of supply concerns after the United States and Iran agreed to open peace talks and reopen the Strait of Hormuz.
foxnews.compolitics50 days ago
U.S. Administration Outlines Iran Nuclear Deal Terms
A senior administration official said any agreement requires Iran to commit to eliminating its enriched uranium stockpile before receiving any funds. The two-step framework would first open the Strait of Hormuz and later verify removal of the material.
activistpost.comfinance57 days ago
Strait of Hormuz Blockade Cuts Middle East Oil Supply by 782 Million Barrels
The Strait of Hormuz remains almost completely blocked amid the conflict involving the United States, Israel, and Iran. Kpler reported cumulative Middle East oil supply losses of 782 million barrels as of May 8, with losses projected to reach 1 billion barrels by the end of May.