Under pressure from the OPEC-plus coalition to compensate for past over-production, Iraq makes painful cuts mainly from IOC-operated fields. Iraqi Drilling Company personnel drill a well at the West Qurna Continue Reading
With sanctions on Iran still in place following the U.S.’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May 2018, Tehran has been relying on the tried-and-tested Continue Reading
Turkey has resumed survey activities for oil and gas in disputed waters in the eastern Mediterranean in a move reigniting the tension with its neighbors and EU members Greece and Continue Reading
Aramco expects oil demand to rebound to pre-pandemic levels by 2022 while supply tightens, creating a deficit, the chief executive of the Saudi state energy giant told Energy Intelligence. China Continue Reading
Emergency measures include $35 billion in new borrowing, a total overhaul of the economy, and the potential devaluation of the Iraqi dinar. Iraqis who recently graduated with engineering degrees protest Continue Reading
While the world looks to next month’s U.S. election for clues on the future of the standoff with Iran, candidates are preparing for another vote that may prove just as pivotal. Next Continue Reading
Iraq discussed on Tuesday plans for investment in associated gas production at its largest oilfield, Rumaila, Iraq’s Oil Minister Ihsan Abdul-Jabbar Ismail said in a statement to Shafaq News agency Continue Reading
The federal Iraqi government has proposed the establishment of a new oil company that will be managed jointly by Baghdad and Erbil to operate crude oil production and exports from Continue Reading
Morteza Nikoubazl/NurPhoto, via Getty Images In 2003, when an earthquake killed thousands in the Iranian city of Bam, President George W. Bush set aside years of animosity and sent an Continue Reading
The ongoing weakness of global oil markets seems to be stoking tensions within OPEC+, and a split within its leadership is now imminent. From the start of this year’s Moscow-Riyadh Continue Reading
