Iran Seeks Oil Barter as European Buyers Face Bank Hurdles
Iran is offering to swap exports of crude oil for imports of refined fuel as some European customers struggle to find banks to process payments, a sign the Middle Eastern Continue Reading
Moderates test hardliners’ grip on power in Iran vote
. Friday’s vote for Iran’s parliament and the Assembly of Experts, the body that will pick the next supreme leader, have assumed an importance well beyond the perennial battles between Continue Reading
Top Iranian reformist predicts victory for Rouhani allies in polls
Iranian former vice-president Mohammad Reza Aref speaks during a reformist campaign for upcoming parliamentary election, in Tehran February 18, 2016. A senior reformist candidate forecast victory for allies of Iranian Continue Reading
Saudi Aramco Releases Tenders For Ras Tanura Refinery Project
Saudi Arabian Oil Company, known as Saudi Aramco, has released the full commercial and technical tenders for its planned $2 billion clean fuels project at its Ras Tanura refinery, according Continue Reading
Saudi Arabia is reeling from falling oil prices. And it could get much worse.
Stung by falling oil prices, Saudi Arabia has cut spending and subsidies as part of harsh austerity measures that threaten the lavish welfare programs underpinning its stability. The oil-exporting giant’s Continue Reading
U.S. Plans to Put Advisers on Front Lines of Nigeria’s War on Boko Haram
The Pentagon is poised to send dozens of Special Operations advisers to the front lines of Nigeria ’s fight against the West African militant group Boko Haram, according to military Continue Reading
Bill to Open Brazil’s Offshore Oil Fields to Foreigners Still Faces Fierce Opposition
Legislation to open coveted offshore oil fields in Brazil to foreign players took a major step forward this week, but still faces fierce resistance from opponents who consider the measure Continue Reading
Mansion sales and discount dining: oil rout hits Houston’s rich
Prices for mansions in Houston’s swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in Continue Reading
Halliburton to slash 5,000 more jobs amid oil slump
Oilfield services provider Halliburton Co ( HAL.N ), pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, Continue Reading
Oil refineries’ booming profits set to slow this year
Oil refiners are set to enjoy another year of robust profits as feedstock prices remain low, but new plants and slower global growth mean 2016 will not be a boom Continue Reading