In the upscale shisha lounge of one of Baghdad’s new restaurants, customers puffing on fragrant fruit-scented tobacco sit at gold-rimmed tables flanked by a giant video screen and views of Continue Reading
For most of last year, Saudi Arabia—the largest oil exporter in the world—and its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the Continue Reading
An Israeli firm has announced the first superfast EV battery that can charge in just five minutes. The technology could spark a true EV revolution as it would eliminate one Continue Reading
A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at Continue Reading
Saudi Arabia’s crude exports rose to a seven-month high in November and, with production capped by the OPEC+ agreement, domestic stockpiles ended the month at a 17-year low, according to Continue Reading
Saudi Aramco may be forced to play catch-up in 2021 as rival state-controlled oil companies closely aligned to OPEC policy in the Middle East race to add new production capacity Continue Reading
Iraq’s crude exports to India grew nearly double-digits last year, helping it retain the title of India’s top oil supplier in 2020, but it may struggle to attain similar growth Continue Reading
Iran’s currency strengthened to a five-month high against the dollar as Joe Biden prepared to take office with a plan to revive the 2015 nuclear deal and provide sanctions relief Continue Reading
U.S. President Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging Continue Reading
President Joe Biden signed sweeping actions to combat climate change just hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil Continue Reading
