Largest Russian oil company ditches US Dollar in transactions, prefers Euro

Largest Russian oil company ditches US Dollar in transactions, prefers Euro

Moscow: The largest Russian oil company ‘Rosneft’ has decided to permanently outcast US dollar from its transactions. In an independent release, Rosneft clarified that henceforth, the oil rates will be announced only in Euro, instead of US dollars. All the customer companies have been issued instructions regarding this and the company has already started transacting […]

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UK preparing to deploy ‘Ripper Drones’ for the security of the oil tankers in the Persian Gulf

UK preparing to deploy ‘Ripper Drones’ for the security of the oil tankers in the Persian Gulf

London: The issue of security of the foreign oil tankers, sailing through the Persian Gulf, has once again come on the anvil. A naval official claimed that the British destroyer has had 115 confrontations with the Iranian patrol ships, in the last two months. Therefore, the United Kingdom is planning to deploy attacking ‘Ripper Drones’, […]

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Iran attempted detaining British oil tanker, Iran dismisses accusation

Iran attempted detaining British oil tanker, Iran dismisses accusation

Dubai/London: The United Kingdom has alleged that Iran tried to realise the threat of detaining a British oil tanker. The Iranian patrol vessels had planned to take the British oil tanker, sailing through the Persian Gulf, into the Iranian marine limits. The United Kingdom informed that timely action by a British destroyer forced the Iranian […]

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Houthi rebels will bring Saudi Arabian oil exports to zero, warns Iranian newspaper

Houthi rebels will bring Saudi Arabian oil exports to zero, warns Iranian newspaper

Riyadh/Tehran: The Houthi rebels in Yemen launched a drone attack on the Najran airport in Saudi. This is the third attack on the airport by the Houthi insurgents, in the last three days. An Iranian newspaper has warned Saudi not to ignore these attacks. The Iranian newspaper stated that the Houthi rebels could bring the […]

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345 killed in the conflict between government and rebels in Libya; concerns over the threat to oil production raised

345 killed in the conflict between government and rebels in Libya; concerns over the threat to oil production raised

Tripoli: 345 people have been killed in the ongoing conflict that broke out a month ago between the rebels and government forces to take over the Libyan capital of Tripoli. Since the last few days Tripoli has been pounded with airstrikes, and the Libyan government accused the fighter jets from Arab nations for these attacks. […]

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Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Caracas: Latin American states and Canada, countries which are the members of the Lima Group, have opined that it is necessary to have a change in the government in Venezuela, through political and diplomatic means. Also, to achieve that there is a need to build pressure on the Maduro government. Therefore, the Lima group has […]

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US has no right to decide upon European oil policy, warns German Foreign Minister

US has no right to decide upon European oil policy, warns German Foreign Minister

Berlin/Washington: German Foreign Minister Heiko Maas reprimanded the United States in clear words saying, ‘The European countries will decide the policy to address Europe’s oil needs and the United States need not interfere in that.’ A few days ago, the US Ambassador to Germany had threatened to impose sanctions against the companies participating in the […]

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If Iran is blocked, we will block the oil exports from the Gulf, Iranian President warns US

If Iran is blocked, we will block the oil exports from the Gulf, Iranian President warns US

Tehran/Geneva: In an apparent threat Iranian President Hassan Rouhani said, “The United States cannot stop the Iranian oil exports. However, if the United States tries to stop Iranian oil exports in the times to come, Iran will not let a single drop of Gulf oil to pass through the Persian Gulf.” A few hours ago, […]

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Iranian defence forces ready to protect Iranian oil tankers from US attacks, assert Iranian officials

Iranian defence forces ready to protect Iranian oil tankers from US attacks, assert Iranian officials

Tehran/Washington: ‘The Iranian defence forces are prepared to protect the Iranian oil tankers, as they were previously’, asserted the officials from the Iranian defence forces. Therefore, the Iranian oil tankers can take any marine route they wish, without any fears.’ Only last week, the United States had warned of action against the Iranian oil tankers. […]

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Don’t permit Iranian oil tankers to dock at your ports if you don’t want trouble, warns US State Department

Don’t permit Iranian oil tankers to dock at your ports if you don’t want trouble, warns US State Department

Washington: The western countries are continuing cooperation over crude oil with Iran despite the US-imposed sanctions, have been issued a stern warning by the United States saying, ‘No country should let the Iranian oil tankers dock in their ports or even enter their country waters. If any state allows an Iranian oil tanker to enter […]

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