As Iran prepared to return to the global crude market, ship insurance, an obscure but vital part of the commodity trading world, was seen as an impediment to ramping up Continue Reading
Iran’s qualified backing of an accord led by Saudi Arabia and Russia to cap output sowed doubts that the agreement can succeed in tempering a record global surplus. After talks Continue Reading
The Kurdish government in northern Iraq said crude oil exports from the region were interrupted because of attacks on a pipeline across the border in Turkey. “The Ministry of Natural Continue Reading
Iraq said Thursday it is open to freezing its oil production at January levels to help stem falling prices — but only if big producers inside and outside the Organization Continue Reading
Oil exports from northern Iraq have been offline for three days due to pipeline outages in southeast Turkey, the most severe disruption since July.”Crude oil export from the Kurdistan Region Continue Reading
Iraqi and Kurdish officials have resumed negotiations over a budget deal, but there might not be much relief in sight for the cash-strapped Kurdistan Regional Government (KRG). Though a deal Continue Reading
American warplanes struck an Islamic State camp in Libya early Friday, targeting a senior Tunisian operative linked to two major terrorist attacks in Tunisia last year, according to a Western Continue Reading
Saudi Arabia is no state at all. It’s an unstable business so corrupt to resemble a criminal organization and the U.S. should get ready for the day after. For half Continue Reading
Standard and Poor’s said it lowered its sovereign credit rating for Saudi Arabia because of the pressure from the long decline in crude oil prices. S&P lowered the sovereign rating Continue Reading
Saudi Arabia boosted oil exports in 2015 as the world’s largest crude shipper ended its first year of a plan to defend market share with global supplies on the rise. Continue Reading
