An explosion early morning Friday has damaged a section of the gas pipeline that is necessary for generating about half of the electricity in Iraq’s autonomous Kurdistan region.”The gas pipeline Continue Reading
Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Continue Reading
OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq also Continue Reading
Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from Continue Reading
French energy company Total said it signed a framework agreement to purchase crude oil from Iran during the Iranian president’s trade visit to Paris. Total Chairman Patrick Pouyanne met with Continue Reading
Four people were killed and 18 wounded on Friday when a suicide bomber attacked a mosque in Shia-populated eastern Saudi Arabia, state media said. The Al-Ekhbariya news channel quoted an Continue Reading
As Nigerian President Muhammadu Buhari visits the country, little might be said in public about a yesteryear multi-million-shilling 30,000 barrels of crude oil per day deal that ended up in Continue Reading
U.N. envoy Staffan de Mistura shakes hands with Syria’s Ambassador to the United Nations Bashar al Jaafari (L) during the Syria peace talks in Geneva, Switzerland, January 29, 2016. A Continue Reading
Peace talks aimed at ending the Syrian war got off to a rocky start Friday, with the opposition saying it would send a team to consult on the goal of Continue Reading
The only question now is whether Venezuela’s government or economy will completely collapse first. The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling Continue Reading
