The Organization of the Petroleum Exporting Countries and its allies are closing in on an agreement to modestly boost their collective oil output by as much as 500,000 barrels a Continue Reading
Agreeing on oil quotas isn’t the only problem vexing the OPEC+ group. COVID-19 has amplified the economic disparity between poor and wealthy members of the producer alliance, adding to the Continue Reading
OPEC+ is closing in on an agreement on output cuts after days of tense negotiations, according to delegates. After direct talks between the group’s heavyweights — Russia, Saudi Arabia and the Continue Reading
Saudi Arabia and Qatar are nearing a preliminary deal to end a rift that’s dragged on for more than three years, prodded by a Trump administration seeking foreign policy wins Continue Reading
Centrifuges in the Natanz uranium enrichment plant in central Iran last year.Credit…Atomic Energy Organization of Iran, via Associated Press Iran passed a law on Wednesday to immediately begin enriching uranium Continue Reading
Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are ‘considering acquiring’ U.S. oil titan ExxonMobil’s 32.7 per cent stake in Continue Reading
Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC member’s Continue Reading
In September, a senior Iranian commander made an unannounced visit to one of Shi’ite Islam’s holiest sites in the southern Iraqi city of Kerbala. Hassan Pelarak, a top officer in Continue Reading
Iran’s Guardian Council watchdog body approved a law on Wednesday that obliges the government to halt U.N. inspections of its nuclear sites and step up uranium enrichment beyond the limit Continue Reading
India has announced its intention to resume oil imports from Iran and Venezuela, as part of its objective to diversify its oil suppliers. Imports from Iran and Venezuela were halted Continue Reading
