Will Saudi Arabia’s Surprise Production Cut Backfire?
Global energy markets and industry insiders believe that it was a good idea for Saudi Arabia to slash oil production by one million barrels daily until the end of March Continue Reading
Partners in Israel’s Tamar gas field reach new marketing settlement
The partners in the Tamar gas field offshore Israel have reached a preliminary agreement over the marketing of gas production from the asset following a disagreement in 2020 over sales Continue Reading
IRAQ DATA: Jan federal oil exports rise 0.8% on month, indicate slight OPEC+ quota noncompliance
Iraq’s federal oil exports in January rose 0.8% month on month amid signs OPEC’s second-largest producer continued to pump above its quota of 3.857 million b/d. Receive daily email alerts, Continue Reading
Crude oil futures tick higher as Saudi Arabia’s voluntary production cuts begin
Singapore — 0352 GMT: Crude oil futures were buoyed as Saudi Arabia’s voluntary 1 million b/d production cuts, announced in January, took effect, even as concerns of flailing energy demand Continue Reading
Israel sees 6-month Iran nuclear breakout, longer than Blinken projection
Israel’s energy minister said on Tuesday it would take Iran around six months to produce enough fissile material for a single nuclear weapon, a timeline almost twice as long as Continue Reading
Iran Launches New Rocket, Showing Advances in Potential Missile Technology
Iran tested a new rocket on Monday with improved technology that could be used in its missile program, its latest attempt to raise the stakes for the Biden administration ahead Continue Reading
Aramco’s New Stock Offering Looks Doomed From The Start
More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabia’s sovereign Continue Reading
Iraq Raises Crude Oil Exports In January
Iraq’s oil exports increased slightly in January 2021 compared to December 2020, data from the country’s oil ministry showed on Monday, suggesting that Iraq is again looking to maximize oil Continue Reading
Biden adviser Jake Sullivan suggests fast timeline to rejoin Iran nuclear deal
President Biden is eyeing an urgent restoration of the international nuclear deal with Iran as a first step to deal with a range of threats from that country, new national Continue Reading
Israel extends lockdown, sees delay in COVID-19 turnaround
Israel extended a national lockdown on Sunday as coronavirus variants offset its vaccination drive and officials predicted a delay in a turnaround from the health and economic crisis. Highlighting Israel’s Continue Reading