Oil tankers face choppy waters over the next 18 months as a torrent of new ships pushes down freight rates, just as buoyant oil demand slows, potentially ending a successful Continue Reading
Iraq has suspended Basra Light crude oil loading at two export terminals in the country’s south after a pipeline leak, four shipping and trade sources said on Monday. One of Continue Reading
National Oil Corp. chairman Libyans to share oil revenue ‘fairly’ under unified company Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured Continue Reading
Political turmoil curbed oil and gas investment, says minister Nation is suffering high unemployment, declining energy output Social and political unrest in Tunisia is reducing energy production, adding to the Continue Reading
The Iranian government expects to bring in at least $40 billion in investments per year to an opening oil industry, a deputy trade official said. According to Deputy Petroleum Minister Continue Reading
For most of his adult life, Ahmed Qassim al-Ghamdi worked among the bearded enforcers of Saudi Arabia. He was a dedicated employee of the Commission for the Promotion of Virtue Continue Reading
Iran Oil Although its post-sanctions production boom appears to be have waned, the Islamic Republic of Iran still hopes to increase its energy exports, exploit new production contracts and expand Continue Reading
After the loss of Q-West to Iraqi forces on Saturday, signs emerge that the IS group is crumbling south of Mosul, just as more American troops are announced for the Continue Reading
The oil industry needs a price of more than $50 per barrel to sustain investments, Saudi energy minister Khalid al-Falih told a German newspaper while adding that downward pressure on Continue Reading
Iranian Vice President Eshaq Jahangiri speaks during a news conference after a meeting with Iraq’s top Shi’ite cleric Grand Ayatollah Ali al-Sistani in Najaf, south of Baghdad, February 18, 2015. Continue Reading
