IEA warns of global oil oversupply as Gulf exports surge
The recent surge in oil supplies from countries around the Persian Gulf means the world market is about to see an oversupply for the first time since the Iran war broke out.
BusinessLocal news
Persiska viken
The latest local news from Persiska viken, in English.
47 storiesFollow via RSS
Saudi Oil Output Hits Wartime High of 10.56 Million Barrels a Day in October
Saudi Arabia's crude oil production rose 26 percent in October to its highest level since the US and Israel launched the war against Iran in late February.
Business
Swedish Energy Agency warns electricity prices could rise, but rules out shortage
The risk of higher electricity prices has increased, the Swedish Energy Agency says in a press release. However, there are no fears of a power shortage - when electricity production and imports are insufficient to meet demand.
Business
Qatar Increases LNG Shipments Through Strait of Hormuz Despite Attack Risks
Despite the risk of attacks on civilian ships in the Strait of Hormuz, Qatar has increased the pace of its liquefied natural gas (LNG) deliveries by ship in recent weeks.
BusinessTop news
Swedish Electricity Prices Set to Rise Further This Week as Southern Sweden Faces Record Costs
The electricity bill for November could be the highest in a long time - if you live south of the Dalälven River. New price records were set last week as a result of nuclear power plant shutdowns, adverse weather and record-high gas prices on the European continent. It will get worse before it gets better, says Johan Sigvardsson, an analyst at Bixia.
Business
Iran Says Two More Oil Tankers Hit Mines and Caught Fire in Strait of Hormuz
Two more oil tankers attempting to pass through the Strait of Hormuz have hit mines and caught fire, Iran’s Revolutionary Guards said.
Conflicts
US and Iran signal hope for deal as intensive talks continue
Iran says “intensive” talks with the United States are underway on a settlement to the war. Supreme Leader Ayatollah Mojtaba Khamenei has given the government a mandate to negotiate. US Vice President JD Vance says he and President Donald Trump are “hopeful” about reaching a settlement with Iran.
Conflicts
Iran Says Three Ships Caught Fire in the Strait of Hormuz after Defying Its Instructions
The Iranian Revolutionary Guard Corps (IRGC) claims that three ships defying its instructions have “exploded and caught fire” in the Strait of Hormuz.
World- BusinessEuropean Gas Prices Hit €100 per Megawatt-Hour for First Time Since 2022 Crisis
- BusinessEquinor’s Third-Quarter Profit Beats Expectations as Oil and Gas Prices Rise
- WorldIranian Revolutionary Guard Says Seven Ships Are on Fire Near Strait of Hormuz
- ConflictsUkraine Launches One of Its Largest Drone Attacks on Russia, Setting Oil Facilities Ablaze in St. Petersburg
- WorldIran Says Supertanker Hit Naval Mine in Strait of Hormuz as Ships Come Under Fire in Persian Gulf
- ConflictsZelensky Says Ukraine Will Stop Attacking Russian Oil Refineries If Russia Halts Strikes on Energy Sites
- ConflictsZelenskyy says Ukrainian delegation was used as a ‘smokescreen’ as Trump strikes deal with Putin
- WorldUSS Abraham Lincoln Returns to San Diego After 265 Days at Sea
- TechnologyOil prices and rising rate fears weigh on Wall Street as AI stocks plunge
- WorldTanker Hit by Multiple Projectiles in Central Persian Gulf, Injuries Reported
- World politicsReports: Trump weighing new strike on Iran ahead of US midterm elections
- BusinessStock Markets Fall as Oil Prices and Interest Rates Rise Globally
- BusinessStock market opens lower as interest rate fears weigh on sentiment
- World politicsIran awaits US response on Hormuz proposal as Trump denies concessions
More in Persiska viken
Page 1 of 3. Older stories are on the next page.