President Donald Trump on Tuesday said that India’s Reliance Industries was supporting a proposed oil refinery project in Texas that he described as a ‘historic’ development for the United States energy sector. “THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN US HISTORY, A MASSIVE WIN for American Workers, Energy, and the…
Just as the global oil markets slump, tensions in the Gulf are threatening to disrupt supply further, keeping traders and governments on edge, Saudi Aramco’s chief executive officer has warned that the impact of this on the global oil markets will be “catastrophic”. In his first public remarks since the conflict disrupted Middle East energy…
US-Israel-Iran war: The US and Israel’s war on Iran has now entered its tenth day with no signs of easing so far. On Monday (local time), Bahrain’s Bapco Energies, the kingdom’s main energy company, which operates its only oil refinery, announced force majeure on operations that have been impacted by the ongoing war in the…
An Iranian missile strike ignited a fire at Bahrain’s state-operated oil refinery on Thursday, which was subsequently extinguished, the Gulf nation’s communications department reported. The facility, managed by Bahrain’s national petroleum firm Bapco, is situated on the island of Sitra along Bahrain’s eastern shoreline, south of the capital, Manama. “A fire broke out at a…
