Group CEO of the Abu Dhabi National Oil Company (ADNOC) on Monday forecast that oil demand will reach more than 105 million bpd within the next decade. Dr. Sultan Bin Continue Reading
Middle Eastern oil producer Oman is looking to raise $3 billion in a debt issue next year via a new company expected to hold the country’s majority stake in its Continue Reading
Saudi Arabia’s economy contracted for a fifth straight quarter but the slump eased, according to estimates released on Tuesday by the statistics authority. Gross domestic product shrank 4.2%, still battered by Continue Reading
With investors increasingly concerned about climate change, OPEC kingpin Saudi Arabia is promoting its crude oil reserves as some of the world’s least polluting hydrocarbons. Receive daily email alerts, subscriber Continue Reading
Iranian President Hassan Rouhani on Nov. 8 said the new US administration has a chance to return to its “international obligations,” signaling he may be open to a new JCPOA Continue Reading
Iraqi security forces killed at least one anti-government protester using live gunfire and wounded at least 40 others in the southern city of Basra on Friday, security sources and a Continue Reading
The U.S. State Department gave Congress notification it plans to sell 18 sophisticated armed MQ-9B aerial drones to the United Arab Emirates in a deal worth as much as $2.9 Continue Reading
Crude exports from Kurdistan to the Turkish port of Ceyhan have resumed, government officials from the Iraqi semiautonomous region told S&P Global Platts on Nov. 5, after an attack on Continue Reading
After announcing a major natural gas discovery in the Black Sea earlier this year, Turkey has started drilling for gas at a second location in the sea, Turkish Energy and Continue Reading
Iraq’s crude oil production rose in October and exceeded its quota and compensation target under the OPEC+ agreement, Argus reported on Thursday, quoting state oil marketing firm SOMO. Oil production Continue Reading
