Energy, Oil & Gas

Arab Tank Terminals selects IFS Cloud for digital transformation

IFS, a provider of Industrial AI software, has announced that Arab Tank Terminals (ATTL), an independent bulk liquid storage terminal operator on Saudi Arabia’s Red Sea coast, has selected IFS Cloud embedded with IFS.ai as its enterprise resource planning (ERP) platform....

Energy, Oil & Gas

Missiles targeting Saudi oil refineries shot down, sources say

Air defence systems in Saudi Arabia intercepted ​two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces ‌launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel. ...

Energy, Oil & Gas

Houthis warned of 'major military punishment' as Red Sea attacks send oil above $100

US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May....

Energy, Oil & Gas

Oil tops $100 again amid Red Sea attacks; stock markets down

Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, after Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea. ...

Energy, Oil & Gas

Oil tops $92 as US strikes on Iran continue, Houthi threat disrupts Red Sea shipping

Oil prices climbed for a second straight session on Wednesday, with Brent crude rising above $92 a barrel, as investors weighed the risk of widening supply disruptions from the escalating Middle East conflict....

Energy, Oil & Gas

US-Iran conflict intensifies with fresh strikes; Tehran threatens Red Sea oil route

The United States and Iran exchanged a fresh wave of military strikes for a sixth consecutive night, deepening fears of a wider regional conflict as Tehran prepared to expand its pressure on global energy supplies by threatening to shut another critical maritime chokepoint at the entrance to the Red Sea....

Energy, Oil & Gas

Indian Oil Corp books some oil cargoes from Red Sea

Indian Oil Corp has booked crude cargoes from Saudi Arabia’s Red Sea port of Yanbu as the US-Israel war with Iran disrupts Middle East oil and gas exports, prompting Saudi Arabia to boost shipments via alternative routes. ...