Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years, according to a Goldman Sachs Group Inc. analysis of the Continue Reading
In Yemen’s gas-rich region of Marib, fighters loyal to the Saudi-backed government recited Koranic verses before launching a hail of mortar and machine gun fire towards rocky mountains, in a Continue Reading
Iraq’s plans to boost its refining capacity faces several hurdles, such as a lack of economy of scale and financing, which may thwart attempts by OPEC’s second-largest producer to wean Continue Reading
The severity of Turkey’s coronavirus outbreak was called into question after the government acknowledged it wasn’t counting asymptomatic cases, triggering criticism from local medical professionals and promoting the U.K. on Continue Reading
The United States, the UAE, and Israel will pursue a joint energy strategy as a means to improve the security of the region. In a statement carried by the Emirati Continue Reading
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised its crude oil exports in Continue Reading
The U.S. government appears to be second-guessing its own strategic push to broaden economic and commercial ties with Iraq. In response to unabated rocket attacks and roadside bombs against U.S. Continue Reading
Turkey plans to deploy a second drilling ship in the Black Sea early next year following the biggest-ever natural-gas discovery there. The vessel, named Kanuni, will join another ship seeking further oil Continue Reading
Iraq’s federal oil exports remained nearly steady in September compared with August, the oil ministry said Oct.1, signaling OPEC’s second-largest producer may have failed again to implement compensation cuts to Continue Reading
Turkish research ship off Antalya, Turkey on July 22, 2020 Tensions rose earlier this year when Turkey sent a ship into a disputed area to search for potentially rich oil Continue Reading
