SOC splits into Basra, Dhi Qar oil companies
Karim Yassir, the head of the Dhi Qar Oilfields Authority, is the presumptive director general of the new Dhi Qar Oil Company. (STAFF/Iraq Oil Report) The South Oil Company (SOC) Continue Reading
Iran may moderate oil output to avoid further price slide
Iran could moderate oil output and exports once Western sanctions are lifted to avoid putting prices under further pressure, a senior Iranian oil official said on Tuesday. Iranian officials have Continue Reading
Iran Crisis Puts Pressure on New Generation of Saudi Leaders
Hours after the Saudi execution of a Shiite cleric that has set off a diplomatic crisis in the Persian Gulf, the two leaders of the Saudi royal family’s younger generation Continue Reading
Saudi Executions Seen as Sending Message to All Dissenters
Officials in Saudi Arabia have said that the executions of 47 prisoners on Saturday were a long overdue reckoning for militants, including accused Qaeda members who were said to be Continue Reading
Saudi execution exposes dangerous political and religious division
Saudi Arabia’s execution of Shi’ite cleric Sheikh Nimr al-Nimr has exposed the dangerous political, religious and socio-economic fault lines which run through the kingdom and the Gulf. News of the Continue Reading
Saudi-Iran split dashes chance of OPEC deal to curb oil glut
The collapse in relations between Saudi Arabia and Iran after the Saudi execution of a Shi’ite cleric puts an end to speculation that OPEC could somehow agree production curbs to Continue Reading
New Saudi-Iran crisis threatens wider escalation
Supporters of Shi’ite cleric Moqtada al-Sadr protest against the execution of Shi’ite Muslim cleric Nimr al-Nimr in Saudi Arabia, during a demonstration in Najaf, Iraq January 4, 2016. The last Continue Reading
More guards killed in Islamic State attacks on Libya’s oil ports
Islamic State militants attacked checkpoints near the Libyan oil port of Es Sider for a second day on Tuesday and an oil storage tank in the port was set on Continue Reading
Libya Issues `Cry for Help’ as Islamic State Attacks Oil Tanks
Libya’s National Oil Corp. issued a “cry for help” as Islamic State militants attacked a second oil tank in the region of Es Sider, the country’s biggest oil port which Continue Reading
Venezuela opposition controls congress after 17 years
Venezuela’s opposition took majority control of the National Assembly on Tuesday after years in the political wilderness, setting the stage for a potential power struggle with embattled President Nicolas Maduro. Continue Reading