The Arab League on Sunday backed Saudi Arabia in its continuing diplomatic spat with Iran, triggered by the kingdom’s execution of a dissident Shiite cleric , condemning Tehran for failing Continue Reading
Banks in the United Arab Emirates are prepared for deteriorating conditions into next year as oil prices remain lower for longer, leading to a decline in government spending, slower economic Continue Reading
More than 16 months after Iraqi and Kurdish forces reclaimed Mosul Dam from Islamic State fighters, the structure faces a new threat: the danger that it may collapse because of Continue Reading
The Shias Are Sitting On All of the Oil and Gas While the Sunnis and Shias have been competing for more than a thousand years, they have largely co-existed peacefully Continue Reading
Goldman Sachs has diagnosed a new reason for the sudden slump in energy industry sentiment this week: talk of agility, not agony, among leading U.S. shale oil producers speaking at Continue Reading
Bakken Rig Count Falls The Bakken-Three Forks rig count fell by four this week landing at 48 rigs running across our coverage area by midday Friday. A total of 664 Continue Reading
The Energy Atlantic, a 290-metre tanker steaming slowly through the Gulf of Mexico, is about to make history. It is scheduled to arrive on Tuesday at Cheniere Energy’s Sabine Pass Continue Reading
The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output. Tank Continue Reading
A plunge in the oil price to 12-year lows during Russia’s New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and Continue Reading
Russia’s currency extended its worst start to a year since 2009 as the price of oil fell and Sberbank CIB said a disparity with the price of crude argues for Continue Reading
