Ever since Saudi energy minister Prince Abdulaziz bin Salman took his post in August 2019, he has cracked the whip on OPEC+ compliance, pressuring, scolding and cajoling quota violators to Continue Reading
Saudi Arabia has delivered what Russian Deputy Prime Minister Alexander Novak called “a New Year’s gift” to the oil market with its surprise announcement of an extra 1 million b/d Continue Reading
Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move Continue Reading
FILE PHOTO: U.S. President Donald Trump addresses a campaign rally in Dalton, Georgia, U.S., on the eve of the run-off election to decide both of Georgia’s Senate seats January 4, Continue Reading
Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill Continue Reading
Chanting anti-American slogans, thousands of Iraqis converged on a landmark square in central Baghdad on Sunday to commemorate the anniversary of the killing of a powerful Iranian general and a Continue Reading
In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest, Baghdad Continue Reading
Oil exports ended 2020 on a relative high note, but the year saw federal Iraq post its lowest annual export volumes since 2014 and worst revenue total in more than Continue Reading
Highlights Iran slashed gas supplies due to unpaid bills Iranian energy minister pledged to resume supplies Iraq’s 90-day waiver granted on Dec. 30 Dubai — Iraq is still waiting for Continue Reading
Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel’s owner said Tuesday, the latest maritime seizure Continue Reading
