India decreases its Saudi oil purchases for Russian oil.
Image Credit: livemint.com Two Indian refiners are expected to buy less crude oil from Saudi Arabia in the coming month, after State oil producer Saudi Aramco raised the official selling […]
US officials travel to Venezuela for talks regarding crude oil.
Image Credit: AP In Saturday, US officials travelled to Venezuela to meet the Venezuelan President Nicholas Maduro in an attempt to forge a deal regarding their oil. Venezuela is a […]
Pakistan offering economic help to Russia.
Image Credit: Sputnik/Mikhail Klimentyev/Kremlin via REUTERS It has been found that Pakistan is willing to offer economic help to aid Russia to alleviate some of the hard-hitting sanctions on the […]
Iranian vessels approaching Mediterranean Sea.
Image Credit: AP Latest reports have revealed that the Iranian military vessels, Frigate Sahand and the afloat staging base Makran, have changed course and are heading to the Mediterranean Sea […]
China and Iran signed a strategic cooperation pact.
Image Credit: Iranian Presidential website/Handout On Saturday, China and Iran, both under US sanctions, signed a ‘strategic cooperation pact’, expanding China’s influence into the Middle East. The negotiations for the […]
Gas pipeline explosion in Venezuela.
Image Credit: Screenshot from a video on Twitter account @wilfredo jose febres On state television, the Venezuelan oil minister Tareck El Aissami said that a section of State oil company […]
China continues its purchase of oil from Iran and Venezuela.
Image Credit: © Jon Nazca/Reuters China has purchased more oil from heavily sanctioned Venezuela and Iran, as oil prices continue to soar. This will serve as a test for the […]
Iran will obtain nuclear weapons in 1-2 years according to Israeli Energy Minister.
Israeli Minister of Energy Yuval Steinitz. Image Credit: Flash90 The Energy Minister of Israel Yuval Steinitz claimed that Iran will manage to obtain a nuclear weapon in one or two […]
South Korea sent military forces to the Strait of Hormuz after tanker seizure.
Image Credit: pressfrom.info After the South-Korean flagged oil tanker seizure by Iranian forces on Monday, South Korea decided to deploy military forces yesterday to the Strait of Hormuz. The oil […]