Energy, Oil & Gas

GCC countries boost global position in energy sector, says report

The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, (with 32.7% of global oil reserves and 21.2% gas reserves) supported by a broad base of natural resources, advanced infrastructure and accumulated expertise, said a report....

Energy, Oil & Gas

US will escort ships in Strait of Hormuz, says Trump

US President Donald Trump has said the US navy will protect ships in the Middle East and the government will provide insurance "if necessary" in a bid to contain soaring energy prices sparked by the US-Israel war with Iran....

Energy, Oil & Gas

Oil up 10pc on Iran conflict, could spike to $100 a barrel, say experts

Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war, reported Reuters, citing senior analysts. ...