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Friday 29 August 2025

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Context
News Band plays on, as global oil glut leaves supertankers in a huge jam

It may be the world's biggest traffic jam.
As ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of the world's busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered.

  • April 13, 2016
News OPEC cuts 2016 oil demand growth forecast, warns of more

OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.

  • April 13, 2016
News Brent hovers just below $45, hits five-month high on reports of oil output freeze deal

Global oil prices hit five-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.

  • April 12, 2016
News Iran, France concerned at Syria violence with talks set to resume

France and Iran voiced concern over escalating violence in Syria on Tuesday, echoing warnings from the United States and Russia as fighting near the city of Aleppo put more pressure on a fragile truce agreement.

  • April 12, 2016
News Italy's Renzi signs potentially huge business deals in Iran

Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.

  • April 12, 2016
News Russia says there are no plans to storm Syria's Aleppo

There are no plans to storm the Syrian city of Aleppo despite thousands of Al-Nusra militants massing around the city, the Russian military general staff, which is providing air support to the Syrian army, said on Monday.

  • April 11, 2016
News Iran says Russia delivers first part of S-300 defense system

Russia has delivered the first part of an advanced missile defense system to Iran, Iranian media reported on Monday, starting to equip Tehran with technology that was blocked before it signed a deal with world powers on its nuclear program.

  • April 11, 2016
News Turkey retaliates after rockets from Syria hit border town, official says

The Turkish army on Monday shelled sites in northern Syria in response to cross-border rocket fire that hit a Turkish town and wounded several people, a government official said.

  • April 11, 2016
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