Tourists and locals on the waterfront in Istanbul, Turkey. Fitch Ratings downgraded Turkey’s sovereign debt rating further into junk, saying the government’s policies are contributing to “spiralling inflation” and discouraging Continue Reading
Two industry sources question volume of spare Saudi capacity OPEC data shows decline in Saudi well completions in 2021 Saudi Arabia has been pumping below its OPEC quota Aramco says Continue Reading
Iraq’s oil production rose 1% in June from a month earlier, figures from state oil marketer SOMO showed July 7, as the country pumped slightly above its OPEC+ quota. Total Continue Reading
Lawmakers in Iraqi Kurdistan have approved amendments to the semi-autonomous region’s 2007 Oil and Gas Law, adding Cabinet Secretary Omed Sabah to the Oil and Gas Council, one day before Continue Reading
The Karkh Commercial Court in Baghdad has postponed a ruling on the validity of UK-listed Gulf Keystone’s contract with the Kurdistan Regional Government (KRG). “Today’s session is postponed until July Continue Reading
Treasury targets UAE, Hong Kong entities tied to Iran sales Apparent attempt to raise pressure after latest nuclear talks Chances of JCPOA deal remain slim as US midterms loom The Continue Reading
For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little Continue Reading
The Karkh Commercial Court in Baghdad purported to annul four of Iraqi Kurdistan’s oil contracts Monday, as the federal Oil Ministry intensifies its push to implement February’s landmark ruling against Continue Reading
Schlumberger, Baker Hughes and Halliburton are in the process of liquidating and exiting existing tenders and contracts in Iraq’s semi-autonomous Kurdistan region to be in compliance with a Federal Supreme Continue Reading
Saudi Arabian and Kuwaiti officials for the Neutral Zone — the oil-producing area that straddles the border between the two countries — met on July 3 to discuss ways to Continue Reading
