Senior UAE official in Tehran on secret mission: MEE

The national security adviser of the United Arab Emirates, Tahnoun bin Zayed, has been visiting Tehran on a secret mission aiming to defuse the tensions in the Gulf, a senior security source in the UAE told London-based news outlet

Iran’s oil exports face new security threat

Iran’s oil exports — already hurting from US sanctions — were struck a further blow Friday when one of the country’s tankers, the Sabiti, was rocked by explosions as it sailed in the Red Sea near the Saudi port of …

Fujairah heavy distillates exports climbed to record in September: Kpler

The bunkering hub of Fujairah on the eastern coast of the UAE exported a record volume of marine fuels and other heavy distillates in September, according to cargo tracking data from Kpler.

Exports rose to 467,000 b/d of heavy distillates …

OPEC daily basket price stood at $60.95 a barrel Friday

VIENNA, The price of OPEC basket of fourteen crudes stood at US$60.95 a barrel on Friday, 11th October, compared with $58.71 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of …