Why Oil And Natural Gas Prices Are Diverging
Until a decade ago, the prices of natural gas in Europe were tightly linked to oil prices. Back then, gas delivery points and gas markets were highly segmented across Europe, Continue Reading
OPEC to discuss compensating for Iranian supply drop after U.S. sanctions: Iraqi official
OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil Continue Reading
Oil Giant Saudi Aramco Wants to Become a King of Patents
Technologies “provide a competitive advantage…whether it’s for one shareholder or several shareholders,” said Aramco’s Chief Technology Officer Ahmad Al-Khowaiter in an interview at the company’s Dhahran headquarters. Creative Energy State-run Continue Reading
Iranians Are Turning To U.S. Dollars To Offset Sanctions
In a development that must be hard to stomach for the political elite in Tehran, many Iranians are turning to U.S. dollars to offset the impact of sanctions and a Continue Reading
Economic Crisis Looms In Iran As Sanctions Bite
Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving black market for U.S. dollars as the rial continues Continue Reading
Iraq Itching To Boost Oil Exports, Seize Iranian Market Share
Iraq is waiting in the wings, ready to increase its crude oil exports in anticipation of slipping Iranian oil exports waiting only on the go-ahead from OPEC, acting director-general of Continue Reading
Senior Official: India “Definitely” Not Going To Zero Iranian Oil Imports
India will “definitely” not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the U.S. sanctions on Continue Reading
Japan remains firm on seeking US exemption for Iran oil imports: top official
Japan remains firmly committed to seeking US exemption for Iranian oil imports as it sees the supplies as important for the country’s energy security and businesses, a top government official Continue Reading
Conflict rocks OPEC member Libya
Political actors in Libya, a member of the Organization of Petroleum Exporting Countries, shouldn’t settle scores through violence, the U.N. mission stated. The U.N. Support Mission in Libya called for Continue Reading
CIA and Saudi Arabia Conspired To Keep 9/11 Details Secret
It’s easier to bury uncomfortable facts than to confront them. So this September 11, the ceremonies marking the 2001 attacks on New York and Washington, D.C., will simply honor the Continue Reading