Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure Continue Reading
Future growth at Iraq’s largest oil field hinges on unresolved plans for meeting the project’s massive demand for new water supplies. Iraq’s largest oil field, accounting for nearly one-third of Continue Reading
Iran said it had started scaling back parts of its commitments under its 2015 nuclear deal on Wednesday and threatened to do more if world powers did not protect it Continue Reading
Top oil exporter Saudi Arabia gave assurances to Azerbaijan that it would not take any unilateral decisions on the global oil deal between OPEC and its allies until June, Azerbaijan’s Continue Reading
Iran said Wednesday it would stop complying with some of its commitments under the 2015 nuclear deal, escalating tensions with the U.S. and moving closer to a breakdown of the Continue Reading
One key foreign policy goal of the current U.S. government is to initiate regime change in Iran by crippling its economy to such a degree that popular unrest removes the Continue Reading
Iraq has been at the center of many a Middle East conflict in the region’s contemporary history. The country has endured years of violence since the U.S. led invasion in Continue Reading
The Cabinet threw political weight behind the Southern Iraq Integrated Project, injecting momentum into negotiations over a massive infrastructure deal that is critical to Iraq’s production and export growth. Iraqi Continue Reading
The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels, data from Refinitiv Eikon has shown. Continue Reading
Brazil’s Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some Continue Reading
