Iran hopes to raise March oil exports on higher European sales: sources
Iran, OPEC’s No. 3 producer, is expected to raise its oil exports in March to around 1.65 million barrels per day from 1.5 million bpd a month earlier on the Continue Reading
Iran’s Oil Market Return Not Yet Fulfilling Grand Promises
Iran’s return to global oil markets after sanctions were lifted isn’t living up to the country’s grand ambitions, or at least not yet. Six weeks after the historic nuclear deal Continue Reading
Syria: Entire Country Without Power
The electricity network for all of Syria is down for unknown reasons, Reuters reported March 3, citing state news agency SANA. Investigators are looking into the cause of the outage. Continue Reading
Kurds Tighten Grip on North Iraq Oil Fields With Kirkuk Deal
Iraq’s self-governing Kurds are cementing control over oil produced in the north of the country by agreeing to sell crude pumped in the contested province of Kirkuk, a year after Continue Reading
Eni expands capacity in Iraqi oil
More capacity was added to operations associated with the Zubair oil and gas field in southern Iraq, Italian energy company Eni said Thursday. Eni and its Zubair partners with the Continue Reading
Iraq’s Mosul Dam Could Burst At Any Time
A tragedy is just waiting to happen in one of the largest cities in the Middle East, engineers warn. The Iraqis who built the dam structure for the Mosul dam Continue Reading
Kuwait refines oil pricing in battle for European customers
Gulf OPEC member Kuwait has changed the way it prices oil for Europe, trading sources said, in a rare tactical move aimed at making its crude more competitive as the Continue Reading
Nigeria to Break State Oil Company Into 30 Units in Weeks
Nigeria will break up its state-owned oil company into 30 separate units within weeks in a bid to reform the unprofitable entity, Managing Director Emmanuel Kachikwu said. Each company will Continue Reading
Colombian Exports Fall to Nine-Year Low Amid Oil and Coal Slump
Colombian exports slumped to their lowest level since 2007 in January, as prices fell for the Andean nation’s oil, coal and coffee. Exports fell 37 percent to $1.84 billion from Continue Reading
China Begins to Tackle Its ‘Zombie’ Factory Problem
China’s leaders two decades ago decided that a combination of restructuring, privatization and massive job cuts was needed to revitalize the economy and shake up state industries weighed down by Continue Reading