Oil rose in early trade after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China.

The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) on Thursday (Feb 6) sanctioned an ...

The U.S. Treasury on Thursday announced new sanctions on an international network of individuals and companies accused of ...

The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to ...

The U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating ...

The sanctions target entities and individuals in China, India, the United Arab Emirates as well as several vessels ...

Aramco raised the official selling price for flagship Arab Light crude by $2.40 to $3.90 per barrel above the Oman/Dubai ...

After 37 years of gainful employment transporting refined petroleum products across the world’s sea lanes, the 40,000-dwt MR1 ...

Abu Dhabi Chemicals Derivatives Co. RSC Ltd. let a contract for construction of the UAE’s first methanol plant.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the UAE's non-oil foreign trade has ...

The Middle East is shifting from conflict to investment as Iran loses influence and Gulf states take the lead. IMEC is ...

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports down to zero, a ...