Saudi Crown Prince Mohammed bin Salman said economic reforms he championed had saved the kingdom from even greater austerity as revenue plunged this year, as he released a rare statement Continue Reading
Iraq’s Parliament approved a 12 trillion Iraqi dinar ($10.2 billion) stop-gap borrowing law early on Thursday morning — an essential measure to remain solvent through the rest of this year, Continue Reading
With the announcement last week that the president of Russian state oil proxy Lukoil, Vagit Alekperov, met one-to-one with Iraq’s Prime Minister, Mustafa al-Kadhimi, and its Oil Minister, Ihsan Abdul Continue Reading
Joe Biden’s win in the U.S. presidential election is inspiring guarded optimism among Iraqi political, security, and business leaders, who believe his administration will feature a more predictable foreign policy Continue Reading
Iraq boosted its production by about 150,000 barrels per day (bpd) in October, significantly exceeding its official OPEC-plus quota. Nationwide production averaged 3.84 million barrels per day (bpd), according to Continue Reading
Iran is continuing to build up its stockpile of low-enriched uranium and now holds roughly 12 times the amount permitted under the 2015 nuclear agreement, the United Nations Atomic Agency Continue Reading
Iran said on Wednesday that its oil exports have averaged between 600,000 barrels per day (bpd) and 700,000 bpd since the start of the Iranian year in March, yet analysts Continue Reading
Iraq’s Parliament is considering a scaled-down emergency financing law that would give the government access to 12 trillion Iraqi dinars ($10.2 billion) in financing, though it could be delayed by Continue Reading
OPEC+ could change the terms of its oil production cut deal if the members of the pact agree to do it, Saudi Energy Minister Abdulaziz bin Salman said today as Continue Reading
The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated US$116 billion at this point last year to US$135 billion now, a senior Continue Reading
