Why This Rally In Oil Won’t Last
Oil prices took a breather mid-week after the U.S. saw a larger than expected increase in crude inventories. The market is still heading in a bullish direction, but the path Continue Reading
Iran’s Zarif warns U.S. of ‘consequences’ over oil sanctions, Strait of Hormuz
The United States must be prepared for consequences if it tries to stop Iran from selling oil and using the Strait of Hormuz, Iran’s Foreign Minister Mohammad Javad Zarif warned Continue Reading
Saudi’s Falih sees no need for swift output action after Iran oil waivers end
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added Continue Reading
New CEO of Algeria’s Sonatrach pledges to boost output, exports
Algerian state energy firm Sonatrach will focus on increasing production and export volumes to help develop the OPEC member country’s oil and gas-reliant economy, its newly-appointed head Rachid Hachichi said Continue Reading
Iran’s Top Diplomat Warns U.S. Against Oil Blockade, Offers Prisoner Swap
Iran’s foreign minister said Iran would continue to sell its oil despite expanded U.S. sanctions, and warned of unspecified consequences if the U.S. tried to block oil sales that go Continue Reading
A New Middle East Mega-War Is Unfolding Right Before Our Eyes
Iran is leading a new bloc , with Turkey and Qatar, intent on remaking the greater Middle East. The Iranian leadership recognizes that this drive might lead to a regional Continue Reading
Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever
Things are starting to look good financially for Saudi Arabia again – very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a budget Continue Reading
Iran sanctions to have limited impact on forward crude prices: analysts
The decision taken by the US Government on April 22 to end the waivers given to countries on importing Iranian crude is likely to have limited impact on forward crude Continue Reading
Iraq gas production set to triple
Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy. New developments are on track to triple the country’s Continue Reading
Nigeria, Saudi Arabia Meet to Boost Refineries, Pipelines, Others
Nigeria’s petroleum downstream sub-sector, especially refineries, pipelines and others may witness a major overhaul following ongoing talks between the Federal Government and the Saudi authorities in Riyadh. The Minister of Continue Reading