Too early for Total to consider a return to Iran: CFO
French energy major Total said it is too early to consider a return to Iran even as negotiations for the US to return to the Iran nuclear deal start to Continue Reading
March production dips, but Iraq eyes capacity surge
Nationwide oil output fell by 100,000 bpd, but the Oil Ministry is poised to bring new production online as OPEC quotas look set to ease. A Basra Oil Company worker Continue Reading
Major Chinese Investors Could Buy Stake In Aramco
Major Chinese investors, including the sovereign wealth fund China Investment Corporation (CIC) and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company Continue Reading
Saudi crown prince says he wants to mend ties with Iran
Crown Prince Mohammed bin Salman has said Saudi Arabia wants to resolve its differences with rival Iran, a marked shift in tone in the wake of the election of US Continue Reading
Iran calls for prisoner swap with U.S. as nuclear talks continue
Iran on Tuesday renewed a call for a prisoner exchange with the United States as the longtime foes continue talks with world powers over a possible U.S. return to Tehran’s Continue Reading
Oil Markets On Edge As Iranian Elections Loom
A major threat is brewing for international oil and commodity markets in the coming months. There has been an increase in the amount of drone and missile attacks on Saudi Continue Reading
Saudi sees future demand for its oil amid Aramco share sales plan: Crown Prince
Saudi Arabia expects to benefit from a future drop in oil supply from major producers such as the US and Russia and pump more crude to cater to global demand Continue Reading
Aramco Is Said to Weigh Sale of Stake in Natural Gas Pipelines
Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to Saudi Arabia, people familiar Continue Reading
Saudi Arabia’s Shift To Renewables Could Save It $200 Billion
Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports , citing the Continue Reading
Three Killed In Attack On Oil Tanker Off Syrian Coast
A drone attack set an oil tanker off the Syrian coast on fire, the country’s oil ministry said as quoted by various media, adding that it suspected the attack came Continue Reading