Iran has had 237 deaths from coronavirus and 7,161 infections, Health Ministry spokesman Kianush Jahanpur said on state TV on Monday. The figures included 595 new infections and 43 new Continue Reading
As the world watches an oil price war unfold between Russia, OPEC, and US shale, another major crisis is looming in the Middle East. Saudi Arabia is facing multiple existential Continue Reading
Iran is positioning itself to benefit from the fallout from Saudi Arabia’s latest disastrous handling of the global oil markets. The Kingdom’s ability to metaphorically shoot itself in the foot Continue Reading
Saudi Arabia has announced it will slash its official selling prices for crude by between $4 and $8 per barrel, Arab News reports , to be in effect from April Continue Reading
Libya’s oil output graph over the past few years mirrors the oscilloscope readings of a patient on life support. And, things could get worse. State-owned National Oil Corporation, or NOC, Continue Reading
Iraq’s oil production rose 3% in February to 4.5 million b/d, the country’s oil marketer SOMO said Monday, confirming another month of output above its OPEC+ quota of 4.46 million Continue Reading
At least three buyers of Saudi Arabian oil requested between 30% and 50% more supplies than they had originally planned in April after the world’s biggest exporter slashed its prices, according Continue Reading
Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company pledging to supply a record 12.3 million barrels a day next month, a massive production Continue Reading
The sudden upheaval in the oil markets may claim victims around the world, from energy companies and their workers to governments whose budgets are pegged to the price of crude. Continue Reading
First he ordered the detention of at least four senior members of his own royal family . The next day he plunged Saudi Arabia into a price war with Russia Continue Reading
