The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which Continue Reading
After a hectic week of unofficial meetings between OPEC members in Vienna, largely in and around the Hofburg, the former residency of the Austrian Emperor Franz Jozef and his wife Continue Reading
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday. Iraq Continue Reading
Plans outlined in agreements with the Kurdish government and Hungarian partners could boost Kurdish oil output by more than 50 percent, Gulf Keystone said. The company said Friday it reached Continue Reading
The U.S. has asked Japan to completely stop importing Iranian crude, unnamed sources close to bilateral talks from earlier this week told Bloomberg. Japan has not yet decided how to Continue Reading
The Libyan National Army has retaken the key eastern oil terminals of Ras Lanuf and Es Sider that shut 450,000 b/d of crude production, the head of the state-owned National Continue Reading
The El Gezira and El Managil Agricultural Scheme has warned of the failure of planting sorghum, groundnut and cotton in the current agricultural season because of the increasing prices of Continue Reading
A ruling Thursday by Iraq’s highest court has deepened the political uncertainty surrounding Iraq’s recent elections and ongoing negotiations to form a new government. The Supreme Court issued a much-anticipated Continue Reading
Drilling completed in an emerging West African oil prospect in land-locked Niger. Photo courtesy of Savannah Petroleum June 22 (UPI) — Oil prospects from frontier basins in West Africa could Continue Reading
Long-term pressures on the oil sector in Venezuela won’t be resolved anytime soon, so production woes are expected to continue, a U.S. energy report found. Lingering production declines from Venezuela Continue Reading
