Based on projections in the U.S. Energy Information Administration’s Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale Continue Reading
Crude oil prices ended one of their longest streaks of gains in years as doubts over possible production action gained traction in early Monday trading. Crude oil prices broke through Continue Reading
A worker checks the valves at Al-Sheiba oil refinery in the southern Iraq city of Basra, January 26, 2016. Iraq wants to review contracts with oil companies to cut the Continue Reading
A week after allowing Russian planes to fly bombing runs into Syria from a base inside its borders, Iran reversed course on Monday and withdrew permission for the flights, complaining Continue Reading
The young boy burst into tears as police apprehended him after he was spotted nervously pacing up and down a street in the Iraqi city of Kirkuk. When they cut Continue Reading
Turkey, Russia, Iran A new strategic axis is forming in the Middle East, and this axis could play a transformative role in the region, upsetting the longstanding balance of power. Continue Reading
Iran has arrested several Iranians holding dual nationality in what has been seen as a new round of intimidation targeting people connected to foreign circles and businesses. Abbas Jafari Dolatabadi, Continue Reading
Iran said that Russian warplanes had stopped using an Iranian air base to bomb targets in Syria, a day after the Islamic regime accused Moscow of “showing off” by making Continue Reading
The top aid official at the United Nations gave a gloomy assessment of the Syria relief effort on Monday, saying no convoy deliveries had been made to besieged areas this Continue Reading
One week into his tenure, Jabbar Allibi has scrapped an austerity policy and notified oil companies they should draw up plans for increased crude production and gas capture. Workers operate Continue Reading
