As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said that the oil was condensate and fuel oil.
The millions of barrels on ships could be delivered
A 19-month stalemate between authorities and 25 traders, who refuse to vacate one of Bahrain’s oldest markets, could soon be resolved, according to a report.
The Muharraq Municipal Council has intervened to find another temp
A warning has been issued by the Chinese Embassy after a Bahrain-based business was defrauded out of more than $16,000.
Burgerland Restaurant owner Jameel Salman ordered 31 metric tonnes of charcoal from a company he found on busi
Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in US drilling.
Front-month Brent crude futures rose 18 cents to
Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.
Traders found to be selling products that do not comply with a new specifications and standards law currently under discussion at Bahrain’s Shura Council could face fines or jail time.
The new government-drafted bill will gi
Traders who were supposed to move out of the Muharraq Central Market in Bahrain last June are refusing to leave, it has emerged.
Twenty-five businesses, including a branch of Ramez, are apparently digging their heels in because th
Bahrain Petroleum Co (Bapco) has signed a rare term deal for ultra low sulphur diesel with at least one buyer for this year, joining other Middle East refiners competing to produce fuel that meets European standards, traders said.
Traders want to impose a cap on the amount it costs to display goods in supermarkets in Bahrain.
The Bahrain Chamber of Commerce and Industry (BCCI) wants to lower shelf rental fees, the amount it costs to put