Saudi Arabia Reveals Oil Production Capacity Limits
Saudi Crown Prince Mohammed bin Salman shared the production capacity ceiling of his country at the GCC summit. Last year, Saudi Arabia said it expects to have boosted its oil Continue Reading
Russian Fuel Oil Is Too Cheap For Saudi Arabia To Resist
Russian fuel oil exports to Saudi Arabia rose almost twofold during the second quarter as the Saudis sought to free up more local crude for export while using the discount Continue Reading
Biden’s Talks With Israel Highlight a Split Over Iran
Israel’s caretaker prime minister, Yair Lapid, pushed President Biden on Thursday to go beyond his public commitment to stopping Iran from ever obtaining a nuclear weapon, declaring that all democratic Continue Reading
Iraq plan to boost oil export capacity suffers setback, source says
Iraq’s bid to boost oil export capacity at its Gulf ports has suffered a setback due to delays in pumping station upgrades, an Iraqi oil source said. OPEC’s second-largest oil Continue Reading
Hezbollah chief vows ‘no one’ will extract gas, oil from maritime zones if Lebanon unable to do so
The head of the powerful armed group Hezbollah warned on Wednesday that “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from Continue Reading
Biden heads to Mideast jittery about Iranian nuclear program
Joe Biden starts the first visit to the Middle East of his presidency with a monumental task: assuring uneasy Israeli and Saudi Arabian officials that he is committed to preventing Continue Reading
Shunned in Europe, Russian Fuel Is Flooding to the Middle East
Russia’s huge exports of diesel and other fuel products that are being shunned by many in Europe are fast heading to a new destination: the Middle East. Flows to the Continue Reading
Iraq-Turkey arbitration ruling nears, with Kurdistan’s oil independence in the balance – Iraq Oil Report
As Iraq’s federal government escalates its campaign against the Kurdistan region’s oil sector independence, perhaps its most important legal action is an eight-year-old arbitration case against Turkey that is nearing a decisive Continue Reading
Ukraine war: Iran plans to supply Russia with drones, US warns
Iran plans to supply Russia with potentially hundreds of drones for its war in Ukraine, some with combat capabilities, a US official has said. White House National Security Adviser Jake Continue Reading
Iran Moves To Expand Supergiant Oilfield Amid Global Crude Crisis
Iran is one of the only countries on earth with the potential to add significant oil supply to a global oil market that is desperately tight. In its latest attempt Continue Reading