April oil revenues drop slightly despite increased exports
Iraq posted a slight increase in oil sales last month, around 21,000 barrels per day (bpd) more than in March, but revenues fell by about 5 percent as global crude Continue Reading
Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted
Iran will be able to raise its crude oil exports to 2.5 million barrels per day (bpd) after the U.S. sanctions on its oil industry are lifted, a top Iranian Continue Reading
Iraq in talks to take over Exxon’s stake in West Qurna 1 oil field: minister
Iraq is in talks with ExxonMobil to take over its 32.7% stake in West Qurna 1, the country’s oil minister said May 3, as the US major seeks to exit Continue Reading
Saudi Arabia’s real oil GDP growth to contract in 2021: IMF
Dubai — Saudi Arabia’s real oil GDP is projected to contract by 0.5% in 2021, compared with a contraction of 6.7% in 2020, given production levels agreed by the OPEC+ Continue Reading
Saudi Aramco Follows Big Oil Rivals With Bumper Earnings
Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The Continue Reading
The Wider Ramifications Of A China-Aramco Deal
The Saudi government is indeed in advanced talks with several Chinese entities – sovereign wealth funds and oil companies – to sell a 1 per cent stake in its flagship Continue Reading
Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield
Iraq could buy ExxonMobil’s 32.7-percent stake in one of the largest oilfields in OPEC’s second-largest producer, West Qurna 1, Bloomberg quoted Iraq’s oil minister Ihsan Abdul Jabbar Ismaael as saying Continue Reading
Saudi Aramco’s Q1 crude oil output falls 12% on year to 8.6 mil b/d
Aramco’s downstream business consumes 43.8% of its crude production Total Q1 hydrocarbon production averages 11.5 million boe/d Q1 profit rises 30.3% on year to $21.72 billion Dubai — Saudi Aramco’s Continue Reading
Rockets land in Iraqi base hosting U.S. contractors
At least three rockets hit the Iraqi military air base of Balad, north of Baghdad, where some U.S. contractors are billeted, Iraqi security officials said on Monday. Three other rockets Continue Reading
‘There are no vaccines’: Covid fears rise in Africa as inoculations stall
While India battles a catastrophic second wave of Covid-19 infections, health officials in Africa are watching with alarm as their immunization campaigns, heavily dependent on vaccine imports from the subcontinent, Continue Reading