Saudi Crown Prince Mohammed bin Salman said economic reforms he championed had saved the kingdom from even greater austerity as revenue plunged this year, as he released a rare statement Continue Reading
The OPEC+ group is getting closer to deciding how to proceed come January, according to several delegates who shared this insight with Bloomberg . After discussing the options, which included Continue Reading
Iraq’s Parliament approved a 12 trillion Iraqi dinar ($10.2 billion) stop-gap borrowing law early on Thursday morning — an essential measure to remain solvent through the rest of this year, Continue Reading
With the announcement last week that the president of Russian state oil proxy Lukoil, Vagit Alekperov, met one-to-one with Iraq’s Prime Minister, Mustafa al-Kadhimi, and its Oil Minister, Ihsan Abdul Continue Reading
Joe Biden’s win in the U.S. presidential election is inspiring guarded optimism among Iraqi political, security, and business leaders, who believe his administration will feature a more predictable foreign policy Continue Reading
The five largest producers of crude oil in Africa face a combined production decline of 19 percent as a result of the pandemic’s effect on oil demand and the acceleration Continue Reading
The ending of weeks of fierce clashes over Nagorno-Karabakh is “good news” for the security of energy supplies to Europe and elsewhere, Azerbaijan’s energy minister, Parviz Shahbazov, said Nov. 12, Continue Reading
MOSCOW/YELPIN, Armenia (Reuters) – France and the United States are expected to send diplomats to Moscow soon to discuss the Nagorno-Karabakh conflict, Russia said on Thursday, two days after the Continue Reading
India imported 15.18 million mt, or an average 3.71 million b/d, of crude oil in September, down 9.8% year on year, latest provisional data from the country’s Petroleum Planning and Continue Reading
In desperation, Maduro’s autocratic regime has turned to Iran, another pariah state, for assistance. The collapse of Venezuela’s once-mighty oil industry has not only caused the Latin American country’s economy Continue Reading
