Iran Begins Boosting Oil Production
Iran has started ramping up its crude oil production eyeing a return to pre-sanction levels in a month or two, Deputy Oil Minister Amir Hossein Zamaninia told media, as quoted Continue Reading
How Much Does Aramco Pollute? Missing Emissions Might Double Carbon Footprint
Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just in Continue Reading
Rare twin suicide bombings rock Baghdad market, killing at least 32
Rare twin suicide bombings struck a market Thursday in central Baghdad, killing at least 32 people and injuring 110 more, according to Iraq’s Health Ministry. The blasts came midmorning as Continue Reading
Iraq postpones elections, haunted by 2018 debacle
Iraq has postponed its upcoming national elections by four months, as authorities struggle to overcome the kinds of technical and security problems that undermined public confidence in the 2018 elections Continue Reading
Was Saudi Arabia’s Surprise Production Cut A Good Idea?
Oil prices have risen by 10 percent since the end of 2020 and 8 percent since the OPEC+ meeting two weeks ago, but the rally has nothing to do with Continue Reading
China Snubs Washington With Big Oil Deals In South Iraq
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) Continue Reading
Iraqis Flout Virus Precautions Amid Widespread Belief in Immunity
In the upscale shisha lounge of one of Baghdad’s new restaurants, customers puffing on fragrant fruit-scented tobacco sit at gold-rimmed tables flanked by a giant video screen and views of Continue Reading
Saudi Arabia Remained China’s Top Oil Supplier In 2020
For most of last year, Saudi Arabia—the largest oil exporter in the world—and its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the Continue Reading
Israeli Firm Releases EV Battery That Can Charge In 5 Minutes
An Israeli firm has announced the first superfast EV battery that can charge in just five minutes. The technology could spark a true EV revolution as it would eliminate one Continue Reading
Iranian sanctions relief under Biden could strain OPEC+ ties: panel
A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at Continue Reading