Salma El Wardany

Iraq isn’t considering leaving OPEC, the nation’s oil ministry said, just a few hours after saying that doing so was an eventual possibility.

Irak advirtió que podría considerar abandonar la OPEP si el grupo no accede a elevar su cuota de producción de petróleo, apenas unos meses después de que Emiratos Árabes Unidos dejara la organización para poder incrementar su bombeo.

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick.

(Bloomberg) -- Major OPEC+ members agreed another modest increase to their collective oil-production quotas for next month, adding to the prospect of more supply eventually hitting the market if a US-Iran peace pact can stick.

A crude oil tanker sailing under the flag of Saudi Arabia sustained damage while navigating the Strait of Hormuz, a person with knowledge of the matter said, the latest incident to highlight that navigation through the waterway remains risky.

Saudi Arabia’s attempts to revive oil flows from its reopened Ras Tanura terminal on the Persian Gulf are running into caution from customers, who are reluctant to load there because of renewed threats to shipping, according to people familiar with the matter.

Qatar is pausing efforts to rapidly revive production at the world’s largest liquefied natural gas facility after an attack on one of its tankers in the Strait of Hormuz raised fears that transit through the crucial waterway is still too risky.

Catar está pausando los esfuerzos para reactivar rápidamente la producción en la mayor planta de gas natural licuado del mundo después de que un ataque contra uno de sus buques metaneros en el estrecho de Ormuz aumentara los temores de que el tránsito por esa vía estratégica sigue siendo demasiado riesgoso.

Iran’s recent attacks on oil tankers are jeopardizing an innovative trade that has rapidly expanded in recent months to become one of the main ways for getting crude out of the Persian Gulf — so-called “shuttle runs.”

(Bloomberg) -- Iran's recent attacks on oil tankers are jeopardizing an innovative trade that has rapidly expanded in recent months to become one