In 2000, the Persian Gulf countries (Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates) produced nearly 28 percent of the world's oil, while holding 65 percent of the ...

Nonetheless, both regions have seen an increase in dayrates, even in 2008 and early 2009, when commodity prices for oil and natural gas dropped. Looking at Persian Gulf rig activity and dayrates ...

It began with an air assault and continued on the ground. Iraq released millions of barrels of oil into the Persian Gulf. The spill covered an area 100 miles by 40 miles and was five inches thick ...

Suez/Sumed Complex:After passing through the Bab al-Mandab, oil en route from the Persian Gulf must pass either through the Suez Canal or the Sumed Pipeline complex in Egypt. Both of these ...