In OPEC’s High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff
Saudi Arabia hints it could walk away from Vienna oil talks Iran, Iraq judge Saudi Arabia could have to cut unilaterally For decades, Saudi Arabia has had its way at Continue Reading
Algeria’s Dwindling Petrodollars Drive Key OPEC Deal Broker
Africa’s biggest sovereign wealth fund slumps after oil crash Oil minister Boutarfa shuttles between capitals to find deal Algerian Energy Minister Noureddine Boutarfa’s shuttle diplomacy between Tehran, Moscow and Vienna Continue Reading
Saudi Aramco to almost triple chemicals output by 2030: executive
State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday. “In chemicals, Continue Reading
Iran Pulls Ahead in Race to Supply India With Oil
Iran is pulling ahead in the race for market share in the world’s fastest-growing oil consuming nation, India, weakening the hold of rival OPEC members amid the group’s struggle to Continue Reading
A Nation That Capped Year of Devaluations in 2015 Is at It Again
Azerbaijan can’t seem to turn the page on what’s been a year of currency jitters following its 50 percent devaluation in 2015. Dollars are again in short supply in Azerbaijan’s Continue Reading
Iran inks agreement with oilfield services company Schlumberger
An oil company in Iran said it signed an agreement with oilfield services company Schlumberger, which joins a growing list of companies establishing a footprint in post-sanctions Iran. File photo Continue Reading
Thousands flee besieged Aleppo as Assad forces advance
Tens of thousands of civilians are fleeing intense fighting in the embattled rebel-held districts of Aleppo , as the forces of President Bashar al-Assad make advances into the Syrian opposition’s Continue Reading
Undeterred By Trump Threats, Schlumberger Signs Deal With Iran
Oil Rig Iran Just about everyone right now wants to know where President-elect Donald Trump stands on Iran, and what fate lies ahead for the nuclear deal and the easing Continue Reading
Shell Considering Dumping Its Iraqi Oil Fields
Iraq oil field Royal Dutch Shell is considering exiting its positions in Iraqi oil fields, according to industry sources cited by Reuters. Shell, which declined to comment, is the world’s Continue Reading
For Bashar al-Assad, Winning the Syrian War May Lead to New Troubles
BEIRUT, Lebanon — With the Syrian government making large territorial gains in Aleppo on Monday, routing rebel fighters and sending thousands of people fleeing for their lives, President Bashar al-Assad Continue Reading