In UAE, Dubai’s coronavirus infections spike after lockdown lifted
After a 12-hour shift in the Old Souk one day last week, Yousaf Khan had not made a single sale at his shop where he sells colored glass lamps and Continue Reading
Egypt And Israel Look To Capitalize On Natural Gas Resources
The Eastern Mediterranean in a decade went from an ’empty sea’ towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains Continue Reading
Game-changing Iranian Pipeline Set To Launch In March
The geopolitically game-changing Goreh-Jask pipeline project saw a major advance last week with the commencement last week of offshore pipe-laying operations. The implementation of this operation markets the first stage Continue Reading
Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions
Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on Continue Reading
U.S. Tries to Seize Oil Shipment It Says Came From Iran
The U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in Washington’s latest attempt to block Continue Reading
Israel’s top general says its military is refreshing operational plans against Iran
Israel’s top general said on Tuesday that its military was refreshing its operational plans against Iran and that any U.S. return to a 2015 nuclear accord with Tehran would be Continue Reading
Can Biden save the Iran nuclear deal?
There’s probably no country in the world outside the United States that was more affected by the November election than Iran. President Biden’s victory and entry into the White House was Continue Reading
Iraq Slashes Oil Output To Compensate For Overproduction
Iraq will pump less oil this month and next to make up for excess production last year, the deputy chief of SOMO, the oil marketing company of Baghdad. For both Continue Reading
Saudi Arabia Looks To Stop Using Crude For Domestic Power Generation
Saudi Arabia is working to replace the use of petroleum liquids for power generation with solar energy and gas-fired capacity, Argaam reported on Monday, citing Saudi Arabia’s Energy Minister, Prince Continue Reading
Kuwait increases spending in new budget, with breakeven crude price of $90/b
Kuwait on Jan. 25 unveiled a budget for its coming fiscal year with a breakeven crude price of $90/b and significant deficit spending, with higher expenditures eating up a significant Continue Reading