Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil Continue Reading
Oil is sometimes referred to as ‘black gold’. The discovery and export of fossil fuels have led to tremendous wealth creation for certain countries. In this sense, no region in Continue Reading
Oil rallied after attacks on small oil fields in Iraq reminded the market that the country’s security challenges haven’t yet gone away. Brent futures rose as much as 1.5%, reversing an Continue Reading
The killing of Iran’s top nuclear scientist last month was carried out remotely with artificial intelligence and a machine gun equipped with a “satellite-controlled smart system”, Tasnim news agency quoted Continue Reading
Now that Bahrain is part of the new U.S.-Israel-Middle East corridor of co-operation that is being developed from the U.S. (and Israel), through the UAE (and Bahrain, Kuwait and, in Continue Reading
An official close to Iran’s Supreme Leader Ayatollah Ali Khamenei has denied rumours on social media about the top authority’s deteriorating health, the semi official Fars news agency reported on Continue Reading
The top U.S. Navy official in the Mideast said Sunday that America has reached an “uneasy deterrence” with Iran after months of regional attacks and seizures at sea, even as Continue Reading
Iran is ramping up oil production capacity in a bid to raise crude sales under US President-elect Joe Biden’s administration after Donald Trump’s “maximum pressure” campaign to curb the country’s Continue Reading
Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, Continue Reading
Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with Continue Reading
