Akkas gas field to start production
Iraqi state companies have been quietly prepping the massive Akkas gas field near the Syrian border to begin production, more than a decade after it was awarded to the Korean Continue Reading
Facing critical threats to oil independence, KRG leaders fail to unify
The escalating conflict between the Kurdistan region’s two main political parties is undermining their ability to negotiate with Baghdad over existential threats to their oil sector. The semi-autonomous Kurdistan Regional Continue Reading
FUJAIRAH DATA: Oil product stocks fall for first time in 4 weeks
Drop led by 20% slump in middle distillates Inventories fall from 25-month high Heavy distillates drop most since Aug. 21 Oil product stockpiles at the UAE’s Port of Fujairah fell Continue Reading
UAE says it fully stands with Saudi Arabia to support energy stability, security
The United Arab Emirates (UAE) on Monday said it fully stands with Saudi Arabia in its efforts to support energy stability and security, UAE state news agency (WAM) reported, citing Continue Reading
Saudi Arabia Announces $400 Million In Aid To Ukraine
Saudi state media announced Saturday that the kingdom will provide $400 million in humanitarian aid to Ukraine , following a Friday phone call between Crown Prince Mohammed bin Salman and Continue Reading
Drones Embody an Iran-Russia Alliance Built on Hostility to the U.S.
The Iranian-made drones that Russia sent on Monday to divebomb Ukraine’s capital delivered the most emphatic proof yet that Tehran has become a rare, increasingly close ally to the Kremlin, offering both Continue Reading
Iran Is Sending Crude Oil To Venezuela For Refining
Iran has started refining its crude oil in Venezuela, Iranian media have reported , citing oil minister Javad Owji. Iranian crude is being processed at a rate of 100,000 bpd Continue Reading
Iran Protests Spread With Uprising at Prison
The protest movement sweeping Iran spread to a Tehran prison known as a symbol of political repression in a new challenge to the Islamic Republic, with detained dissidents chanting antigovernment Continue Reading
Iran prison fire death toll rises as protests rage
Eight prisoners died as a result of a fire at Tehran’s Evin prison over the weekend, Iran’s judiciary said on Monday, doubling the death toll from the blaze which has Continue Reading
How Security Forces Cracked Down in Southeastern Iran –
Some of the wounded tried to crawl away to escape the gunfire. Others bled to death on prayer mats as people tried to drag them to safety. But the snipers Continue Reading
New President And PM-Designate Spark Unrest Concerns In Iraq
Iraq, OPEC’s second-largest producer, elected a new president on Thursday after months of political deadlock, protests and violent clashes among various militias both in Baghdad’s Green Zone and oil-rich Basra. Continue Reading
Iraqi production stays strong in September, but OPEC-plus cuts loom
Iraq’s nationwide oil production held steady in August and September at 4.74 million barrels per day (bpd), according to field-by-field data compiled by Iraq Oil Report.*Output has topped 4.7 million Continue Reading
Turkey backs Putin gas plan as Nord Stream faces long outage
Large sections of the damaged Nord Stream pipelines built to supply gas to Europe might need to be replaced, the head of Gazprom said, while Turkey on Friday backed Russian Continue Reading
Rockets strike Iraq’s Green Zone as deadlocked parliament meets
Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading
Saudi Arabia pushed other OPEC nations into oil cut, White House claims
Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries. “More Continue Reading
Iran’s Women Brave Extraordinary Risks to Protest
A 23-year-old Iranian woman who refused to put on a headscarf was shot in the face by security forces with anti-riot pellets. A divorced mother who faced down police spent Continue Reading
Putin touts Turkey gas hub while Europe looks to cut consumption
President Vladimir Putin touted Turkey on Thursday as the best route for redirecting gas supplies to the European Union after Nord Stream pipeline leaks, while Western nations focused on efforts Continue Reading
Rockets strike Iraq’s Green Zone as deadlocked parliament meets
Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading
Iran toughens crackdown as some oil workers reported to join protests
Iranian security forces intensified a crackdown on anti-government protests in several Kurdish cities on Monday, as demonstrations elsewhere in Iran spread into the country’s vital energy sector. Protests have swept Continue Reading
Iran Oil Workers Strike as Antigovernment Protests Expand
The southern Iranian port town of Assaluyeh, where workers have blocked roads and protested. Workers at a petrochemical complex in southern Iran went on strike Monday, the latest sign that Continue Reading
Israel says ‘historic’ sea border deal struck with Lebanon
Israel’s prime minister said Tuesday that the country has reached a “historic agreement” with neighboring Lebanon over their shared maritime border after months of U.S.-brokered negotiations. It’s a rare agreement Continue Reading
U.S. Looks To Punish Saudi Arabia For Large OPEC+ Cut
Saudi Arabia’s latest move to cut crude oil production, despite U.S. please not to do so, should not have surprised Washington, and yet it did The immediate impact on crude Continue Reading
Senior U.S. Senator Wants To Halt All Cooperation With Saudi Arabia
U.S. Democratic Senator Bob Menendez, who is chairman of the U.S. Senate Foreign Relations Committee, blasted Saudi Arabia for leading the OPEC+ group into announcing a cut in oil production Continue Reading
OPEC+ oil output cut shows widening rift between Biden and Saudi royals
U.S. President Joe Biden and Saudi Crown Prince Mohammed bin Salman attend an Arab summit, in Jeddah, Saudi Arabia, July 16, 2022. REUTERS/Evelyn Hockstein/File Photo WASHINGTON/LONDON, Oct 8 (Reuters) – Continue Reading
Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo SINGAPORE, Oct 10 (Reuters) – Saudi Aramco has told Continue Reading
Testing Begins At Heavily Disputed Natural Gas Field Between Israel And Lebanon
Energean has started doing tests on pipes from the Karish offshore gas field in the Eastern Mediterranean and Israel, which claims ownership of the field although neighbor Lebanon disputes this. Continue Reading
‘A time bomb’: Anger rising in a hot spot of Iran protests
Growing up under a repressive system, Sharo, a 35-year-old university graduate, never thought she would hear words of open rebellion spoken out loud. Now she herself chants slogans like “Death Continue Reading
Backup plans emerge for Iraqi gas as TotalEnergies faces delays
Oil companies in southern Iraq are pivoting to backup plans for reducing gas flaring — a sign they are not counting on France’s TotalEnergies to move ahead with a major Continue Reading
OPEC+ oil output cut shows widening rift between Biden and Saudi royals
The OPEC+ organization’s decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal Continue Reading
September exports steady as northern oil sales rebound
Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings, Iraq’s nationwide exports edged Continue Reading
Lebanon says maritime deal ‘make or break’ after Israel snubs request for changes
Lebanon said U.S.-brokered talks to demarcate its maritime border with longtime foe Israel were at a “make or break” point on Thursday after Israel rejected revisions to a draft deal Continue Reading
Iranian Rial Plunges To Record Low
Iran’s national currency, the rial, fell to a record low against the U.S. dollar amid a wave of protests triggered by the death in custody of a young woman. The Continue Reading
Iran’s Crippled Economy Sustains Protests After Religious Police Lit Flame
The protests that have gripped Iran for three weeks started over a headscarf, but are morphing into a broader movement fueled by middle-class anger over the country’s collapsing economy. Iran’s Continue Reading
Israel, TotalEnergies hold Paris talks on gas field off Lebanon, source says
A senior Israeli official was in Paris on Monday for talks with TotalEnergies SE (TTEF.PA) about potential future profit-sharing from exploration by the company in a natural gas field off Continue Reading
Iran’s Supreme Leader Condemns Protests Gripping Country
Iran’s supreme leader, Ayatollah Ali Khamenei, broke his silence Monday on the protests that have engulfed the country, accusing Israel and the United States of fomenting them and expressing his Continue Reading
Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE
Yemen’s Houthis have warned oil companies operating in Saudi Arabia and the United Arab Emirates (UAE) to pack up and leave as the warring sides in the Yemeni conflict failed Continue Reading
Israel, Lebanon Near Maritime Border Deal, Opening Up New Gas Source for Europe
Israel and Lebanon are close to striking a U.S.-brokered deal on maritime borders that would allow Israel to export gas to Europe and mark a rare instance of economic cooperation Continue Reading
Fuel for Thought: North Sea oil drone threat prophesied in the Middle East
North Sea waters have been considered one of the world’s most secure offshore basins for producing crude until now. Equinor, Total Energies and ConocoPhillips have all raised the security level Continue Reading
Saudi Arabia Is Seen Planning Budget Around Sub-$80 Oil for 2023
Skyscrapers in Riyadh, Saudi Arabia. Photographer: Waseem Obaidi/Bloomberg Saudi Arabia is budgeting for Brent oil at around $76 a barrel next year, according to Al Rajhi Capital, an outlook in Continue Reading
Iran strikes opposition targets deep in Iraqi Kurdistan
Iran’s military operations against opposition groups in Iraqi Kurdistan escalated sharply on Wednesday as it launched three sets of drone and missile attacks deep inside Iraqi territory, killing at least Continue Reading
Russia At The Forefront Of Development Of Huge Iranian Oil Fields
Iran fast-tracks development of two West-Karoun oil fields with $7 billion plan. The Azadegan fields are shared with Iraq in which it forms the supergiant Majnoon field. Russian oil firms Continue Reading
An Israel-Lebanon Border Deal Could Increase Natural Gas Supplies
Israel and Lebanon have been at war since 1948, but the countries are close to an agreement that could increase production of natural gas, helping energy-starved Europe. Officials from the Continue Reading
Why Iranians Are Protesting Once Again –
The 22-year-old woman emerged from the Tehran subway, her dark hair covered with a black head scarf and the lines of her body obscured by loose clothing, when the capital Continue Reading
Kurdistan Exported $3.8 Billion Worth Of Oil Over Three Months
The autonomous Iraqi region of Kurdistan exported over 37 million barrels of crude oil over the three months to June this year, making $3.8 billion from the sales, local media Continue Reading
Germany Seals Milestone LNG Deal With The UAE
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
Iraq’s highest court strikes down INOC
Iraq’s highest court has struck down the government order that created the Iraqi National Oil Company (INOC) two years ago, dealing a crippling setback to a nascent effort to restructure Continue Reading
Qatar Says Talks With Germany on LNG Contracts Ongoing
Qatari Foreign Minister Mohammed Bin Abdulrahaman Al Thani speaks to Bloomberg’s Annmarie Hordern in New York about energy talks with Germany and the top agenda items as the UNGA kicks Continue Reading
UAE Accelerates Development Of Huge Gas Field As High Prices Persist
The UAE looks to speed up the development of its Ghasha sour gas project. The Ghasha concession is the world’s largest offshore sour gas development. Italian oil major Eni is Continue Reading
Iran Aggressively Discounts Crude In Bid To Seize Back Market Share
In an attempt to wrestle back China market share from Russia, Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, The Straits Continue Reading
Weatherford pledges to obey Baghdad’s blacklist and exit Kurdistan
Iraq’s Oil Ministry has removed four oil services firms from a blacklist, including U.S. company Weatherford, after they agreed not to seek new contracts in Iraqi Kurdistan — the latest Continue Reading