Major powers agreed on Friday to a cessation of hostilities in Syria set to begin in a week and to provide rapid humanitarian access to besieged Syrian towns, but failed Continue Reading
Secretary of State John Kerry and his Russian counterpart, Sergey V. Lavrov, announced that they had agreed on the delivery over the next few days of desperately needed aid to Continue Reading
The flow of trade into Basra has slowed and hundreds of people over the past two weeks have taken to the streets in protest after the federal government imposed higher Continue Reading
Iran’s cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector. Continue Reading
OPEC producer Iran has cut its Heavy crude price for export to the Mediterranean by a larger extent compared with top exporter Saudi Arabia as Tehran seeks to attract more Continue Reading
Kurdish-focused energy company DNO International said revenues for last year were sharply lower, though it ended 2015 with an increase in cash balance. DNO, which has headquarters in Oslo, said Continue Reading
Plunging oil prices have pitched Iraq into a severe financial crisis as it struggles to combat the Islamic State group, play host to millions of refugees and rebuild cities and Continue Reading
Gas from the Majnoon oil field in Basra is now contributing fuel to Iraq’s power grid, reducing the amount that is wastefully burned from flares.On Tuesday, 70 million standard cubic Continue Reading
Nigeria’s crude oil output increased by 252,800 barrels per day in January, up from the 1.697 million barrels per day it recorded in December to 1.949 million barrels per day. Continue Reading
Some OPEC countries are trying to achieve a consensus among the group and key non-members for an oil production “freeze”, sources familiar with the discussions say, in an attempt to Continue Reading
