The initial public offering (IPO) of Saudi Aramco that was heralded by Crown Prince Mohammed bin Salman (MbS) as being a showcase flotation for raising massive new capital for the Continue Reading
After weeks of speculation over how the new Biden Administration will approach U.S. relations in the Arab Gulf, the first real hurdles for a new JCPOA Iran agreement are already Continue Reading
Iraq’s proposal to offer crude buyers a five-year contract to supply 4 million barrels/month that is partially pre-paid has garnered interest from several Asian oil companies, a source familiar with Continue Reading
OPEC kingpin Saudi Arabia is likely to continue exporting oil at the same levels “for decades to come,” even as the world hastens the shift towards renewables, its former energy Continue Reading
Yemen’s Iran-backed Houthi rebels said they attacked a Saudi Aramco distribution station in the western city of Jeddah, according to a statement made by its spokesperson on Twitter Nov. 23. Continue Reading
As hostilities with Iran resume, a shortened waiver period gives the outgoing Trump administration one last opportunity to wield economic leverage in Iraq. This story has been updated to include Continue Reading
The US State Department Nov. 20 granted a 45-day waiver extension to Iraq allowing it to keep paying for electricity imports from Iran. Receive daily email alerts, subscriber notes & Continue Reading
When Saudi Arabia, the world’s top oil exporter and a leading U.S. ally, took over the G20 presidency in December 2019, hopes in the kingdom were high. “Family Photo” for Continue Reading
U.N. Secretary-General Antonio Guterres said on Friday that war-torn Yemen is in “imminent danger of the worst famine the world has seen for decades,” warning against any unilateral moves as Continue Reading
State giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are interested in buying ExxonMobil’s entire operating stake in one of the largest oilfields in Iraq, Continue Reading
