Iran will respond if other OPEC members threaten its interests, Oil Minister Bijan Zanganeh said on Thursday amid rising pressures from Washington to bring Iranian crude sales to zero with Continue Reading
ISTANBUL (Reuters) – Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a Continue Reading
The United States sharply tightened energy sanctions against Iran on Thursday, seeking to cut the Islamic Republic’s exports to zero and ushering in a new era of uncertainty for the Continue Reading
Saudi Arabia has pledged to boost oil output if needed, as the Trump administration starts banning all Iran oil exports on Thursday. But behind the scenes, Riyadh and Washington face Continue Reading
Saudi Arabia’s oil output may edge up in June, sources familiar with the kingdom’s policy said, but the extra crude may be used for domestic power generation rather than providing Continue Reading
Iraq’s crude exports remained steady from March to April, as the federal government and the autonomous Kurdistan Regional Government (KRG) combined for oil sales of 3.858 million barrels per day Continue Reading
Among the challenges besetting Nigeria’s economy, which has been internationally acknowledged is the multifaceted nature of losses that are largely induced by poor records, corruption and tardiness in enforcement of Continue Reading
As opposition leader Juan Guaidó failed to ignite a military uprising in Venezuela this week, his allies in Washington placed the blame not only on troop loyalty toward President Nicolás Continue Reading
Pemex is struggling–to put it lightly. Petroleos Mexicanos, Mexico’s long-mismanaged state-owned oil company, has been bleeding money as its production levels have fallen to a trickle of their former production Continue Reading
Chinese representatives had a lot to say at this month’s 2019 Spring International Summit at China’s Nuclear Energy Sustainability Forum in Beijing. Yu Jianfeng, chairman of the China National Nuclear Continue Reading
