Last week, United States Treasury Secretary Scott Bessent claimed that storage capacity at Kharg Island, where most of Iran’s oil is exported, would be full “in a matter of da ...

Energy markets are likely to remain closely linked with diplomatic developments, regional stability and broader geopolitical ...

The Federal Investigation Agency (FIA) has launched inquiries into the issuance and renewal of oil storage licences, misreporting and illegal price differential claims (PDCs).At present, the FIA ...

Iran’s oil storage has filled up and Tehran will need to shut down oil production, Treasury Secretary Scott Bessent said.

Iran's total onshore storage, which is around 86 million barrels, is filling rapidly, with Kharg facilities particularly strained, intensified by US-imposed naval blockade.

The vessel's commission suggests that Iran’s energy sector and oil storage capacity are facing a crisis, as the US Navy continues to block the passage of tankers carrying Iranian oil out of the Gulf.

With nowhere left to put the crude, future production — and the infrastructure that enables it — is increasingly at risk ...

SINGAPORE, April 11 (Reuters) - Malaysia's biggest commercial oil storage facility will start operations on Saturday when it receives its first fuel shipment, expanding Southeast Asia's share in the ...