The stated U.S. aim when indirect U.S.-Iranian talks resume this month is to see if the two can revive a 2015 nuclear deal, but Washington’s unspoken goal may be to Continue Reading
Saudi Arabia’s Crown Prince has unveiled another element of the NEOM megaproject, a floating industrial complex dubbed Oxagon NEOM: Oxagon presents a radical new model for future manufacturing centers Oxagon Continue Reading
A hacking group “sponsored” by Iran’s government is launching disruptive cyberattacks against a wide range of U.S. companies, including healthcare providers and transportation firms, according to a cybersecurity alert published Continue Reading
Iran’s stockpile of near-weapons-grade nuclear fuel has jumped significantly, according to a confidential report by the United Nations atomic agency that found Tehran has almost doubled its output of highly Continue Reading
US and UK authorities have said Iran is conducting an “ongoing” campaign of ransomware and other cyber attacks on US critical infrastructure and Australian organizations that began in March. In Continue Reading
The Abu Dhabi National Oil Company (ADNOC) is set to imminently award engineering and construction contracts for a major offshore natural gas field to increase gas production and exports, sources Continue Reading
Unprecedented droughts are drying up farm land, driving migration to cities, and compounding economic hardships and instability. The Golaka spring ran dry in August 2021, outside the Bakr Bayf village Continue Reading
The newly resuscitated Iraq National Oil Company (INOC) has been authorised by the government in Baghdad to directly negotiate with U.S. oil giant, Chevron, for it to develop the long-delayed Continue Reading
Iran has resumed production of equipment for advanced centrifuges at a site the United Nations’ atomic-energy agency has been unable to monitor or gain access to for months, diplomats familiar Continue Reading
“Everybody is predicting a surplus of supply starting from the first or second quarter,” next year, Russian Deputy Energy Minister Pavel Sorokin told Bloomberg on the sidelines of this week’s Continue Reading
Eridu holds estimated 7 billion-12 billion barrels Lukoil holds 60% stake in field, in southern Iraq Could yield 250,000 b/d at peak production Lukoil has submitted to Iraq’s oil ministry Continue Reading
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, lashed out at Greenpeace for spreading “lies” and “fabrications” about the Kingdom’s policy towards climate change. The spat ignited during the COP26 Continue Reading
The attack on the village of Rashad last month was unusual in recent Iraqi times for its cruelty. Islamic State gunmen opened fire on a group of seven young men Continue Reading
Iraq’s aggregate oil production from fields in both federal territory and the Kurdistan Region of Iraq (KRI) fell marginally in October to 4.30 million barrels per day (bpd) from 4.34 Continue Reading
The tightest of smiles on his face and the fabric of his traditional thobe swirling about him as he strides through a hallway at U.N. climate talks, Saudi Arabia’s energy Continue Reading
Saudi Arabia reported economic growth of 6.8 percent on the year for the third quarter on the back of higher oil prices. This is the highest quarterly growth for the Continue Reading
Highlights Nasiriyah fields could yield 600,000 b/d over 7-year period Other projects include gas development in Dhi Qar province Iraq, Chevron signed framework agreement in Aug 2020 Iraq has allowed Continue Reading
Iran looks to ramp up production in four lesser-known oil fields Iran’s Petroleum Ministry looks to use EOR-techniques to extract more oil from existing fields Iran enjoys some of the Continue Reading
China’s imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that Continue Reading
A drone attack that targeted the Iraqi prime minister on Sunday was carried out by at least one Iran-backed militia, Iraqi security officials and militia sources said, weeks after pro-Iran Continue Reading
Spare capacity in the oil market will shrink significantly next year as travel rebounds and amid a lack of investment among producers, according to Saudi Aramco . Surplus supplies are Continue Reading
The U.S. has been fighting a rearguard action against Iran cementing its influence in Iraq for almost two decades Aramco, is in talks with Iraq’s various ministries for billions of Continue Reading
The failed assassination attempt against Iraq’s prime minister at his residence on Sunday has ratcheted up tensions following last month’s parliamentary elections, in which the Iran-backed militias were the biggest Continue Reading
Iran said on Monday that the United States should provide guarantees that it will not abandon again Tehran’s 2015 nuclear deal with world powers if talks to revive the agreement Continue Reading
Supporters of Iran-backed militias clashed Friday with Iraqi security forces outside the fortified Green Zone complex as tensions spiked over the results of national elections last month. At least 125 Continue Reading
An American investment firm named Twelve Seas and the UK’s Wood Group are partnering with U.S. oil services giant Halliburton to bid for ExxonMobil’s stake in West Qurna 1, one Continue Reading
Just ahead of the August 2020 visit to Washington of Iraq Prime Minister, Mustafa al- Kadhimi, promised then-U.S. President, Donald Trump, that he would allow a raft of in-principle agreed Continue Reading
Top oil exporters in the Middle East are reaping the benefits of the rally in crude oil prices. For the first time in 2021, the Middle East’s share of crude Continue Reading
The Pentagon on Wednesday rejected claims by Iran’s Revolutionary Guards that they thwarted an attempt by the United States to detain a tanker carrying the Islamic Republic’s oil in the Continue Reading
Iran’s talks with world powers aimed at reinstating a 2015 nuclear deal will resume on Nov. 29, its top nuclear negotiator, Ali Bagheri Kani, said on Wednesday, as Western concerns Continue Reading
Turkey may renew a natural gas deal with Russia with an increased amount from the beginning of 2022, Energy Minister Fatih Donmez said on Thursday. Speaking at a summit via Continue Reading
More than three weeks after Iraqis voted in parliament elections, pro-Iran Shiite militias that emerged as the biggest losers are still rejecting the outcome of the vote, thrusting the country Continue Reading
Iran’s Navy thwarted on Monday an attempted pirate attack on an Iranian oil tanker in the Gulf of Aden south of Yemen, before the vessel entered the Bab el Mandeb Continue Reading
Iraq is in discussions to sign energy deals with Saudi Arabia worth tens of billions of U.S. dollars, according to Iraq’s oil minister. OPEC’s second-largest producer, Iraq, and OPEC’s top Continue Reading
According to senior economic and political sources close to the Iranian government exclusively spoken to by OilPrice.com last week, Tehran is now messaging senior figures in the European Commission in Continue Reading
Highlights Saudi Arabia concerned about climate change: king Kingdom and allies in OPEC+ under pressure to boost supply US official says OPEC+ ramping up output very slowly Saudi king Salman Continue Reading
Saudi Arabia recorded its first quarterly budget surplus in more than two years as higher crude prices boosted the kingdom’s finances. The Gulf nation’s surplus during the third quarter was Continue Reading
Highlights Iraq negotiating with Aramco for gas exploration in Western Desert Iraq also in talks with ACWA Power on clean energy and solar projects Iraq wants to lower reliance on Continue Reading
Iran, the country holding the world’s second-largest natural gas reserves, risks turning into a net gas importer The country must secure some $50 billion in investment to develop its natural Continue Reading
Displaced Iraqis from the village of Mansuriya, Diyala province, where fighting with militant jihadists has been raging, gather on the side of a road as they are heading to the Continue Reading
Gulf oil producers present big renewables plans ahead of COP26 Oil remains key, but NOCs look to offset a large part of emissions Renewables investment fits in long-term low-carbon energy Continue Reading
Iran’s talks with six world powers aimed at reviving a 2015 nuclear deal will resume by the end of November, its top nuclear negotiator said on Wednesday, as Western concerns Continue Reading
China’s efforts to ease an energy crunch by stabilizing volatile coal prices have been complicated by a surge in wholesale petrol and diesel costs, forcing filling stations to ration fuel. Continue Reading
Iran’s been a frequent target of cyberattacks since its nuclear program became a flashpoint in its relations with the West more than a decade ago. Iran said a foreign country Continue Reading
An exodus of Western oil companies from Iraq has left Russia in a very advantageous position when it comes to negotiating its production deals there Russia and Iraq have been Continue Reading
A cyberattack disrupted the sale of heavily subsidized gasoline in Iran on Tuesday, state media reported, causing long queues at gas stations across the country weeks before the anniversary of Continue Reading
The problem started at around 11 a.m., Tehran time, Amin Rezanavaz, spokesman for Iran’s gas station owners union, told the Islamic Republic of Iran News Network in an interview. Sales Continue Reading
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production. It’s a “huge concern,” Chief Executive Officer Amin Nasser said in Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Iran’s Deputy Foreign Minister Ali Bagheri Kani said he’ll head to Brussels on Continue Reading
Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported , citing the new head of the National Iranian Oil Company Continue Reading
