Five years after Israel signed a landmark agreement to develop large offshore gas fields over the objections of antitrust authorities, environmentalists and consumer advocates, ordinary Israelis have yet to see Continue Reading
The massive US$75-billion annual dividend of Saudi Aramco cannot fund the widening budget gap of Saudi Arabia if oil prices remain low beyond 2021, Moody’s said in a report this Continue Reading
Saudi Arabia is mulling over canceling a planned relaxation of OPEC oil production cuts due to enter into effect next January, the Wall Street Journal reported , citing senior oil Continue Reading
Turkey is about to revise up the estimate of its natural gas discovery in the Black Sea, Bloomberg reported on Friday, quoting sources with direct knowledge of the plans. In Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Secretary of State Mike Pompeo announces the Trump administration’s restoration of sanctions on Iran last month. The Trump administration has decided to impose new sanctions on Iran’s financial sector in Continue Reading
The world’s largest oil company, state-held Saudi Aramco, is looking to withstand the crisis created by the worst oil demand crash in history— by doubling down on oil . Saudi Continue Reading
Saudi Arabia’s state oil giant Aramco doesn’t fear peak oil demand as it doubles down on boosting oil production in the long term to beat its competitors, many of which Continue Reading
It is no coincidence that just over a month after Israel and the United Arab Emirates declared that they would normalise relations and Israel and Bahrain did the same, Iraq Continue Reading
The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 Iranian banks in an effort to further shut Iran out of the global banking system as Continue Reading
