Self Care

  • Saudi Arabia Halts Military Aid To Lebanon For Siding With Iran

    Saudi Arabia said it is halting $4 billion of deals to equip and support Lebanese security forces in retaliation for the small Mediterranean country siding with Iran in its spat with the Sunni kingdom.

    The Lebanese premier said his government …

  • China shipper COSCOCS to keep alliances for now, review partners later

    China Cosco Shipping (COSCOCS), China's biggest shipping line, plans to carry out a careful selection of its future vessel-sharing alliance partners, but will maintain its two current alliances for the moment, the company said.

    Analysts have said the global network …

  • Floating storage plays on VLCCs aren’t expected in the near future

    Floating storage of WTI became feasible following the recent liberalizing of US crude exports. However, this hasn't been translated into actual contracts and as it turns out this won't be the case anytime soon. According to shipbroker Charles R. Weber, …

  • OPEC Has a Trust Problem

    One of the ironies of the proposed freeze in oil production by Saudi Arabia, Russia and others is that it is - according to an OPEC delegate quoted by Argus on Tuesday - aimed in part at building trust.

    Oil …

  • UAE says oil freeze deal will have positive impact on supply-demand balance

    United Arab Emirates' energy minister Suhail bin Mohammed al-Mazrouei said a freezing of oil production levels by OPEC and Russia will have a positive impact on the market.

    "We believe that sustaining oil production levels will positively help balancing the …

  • UAE oil minister says open to cooperation

    United Arab Emirates oil minister Suhail bin Mohammed al-Mazrouei said on Wednesday that the country's oil policy was open to cooperation with all producers toward the mutual interest of market stability.

    Mazrouei made the comments in a tweet. He also …