Saudi Oil Exports Rose In July From Record Lows
Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports rise to 5.734 million barrels per day (bpd) in July, up from a historic low of below 5 Continue Reading
Iraq Falters in Push to Meet OPEC+ Quota as Crude Exports Rise
Iraq is exporting more crude so far in September than it shipped last month, a sign that the country is falling further behind in efforts to comply with its OPEC+ Continue Reading
U.S. Threatens Sanctions for Arms Sales to Iran
The Trump administration threatened Wednesday to impose an array of fresh sanctions to deter China and Russia from selling weapons to Iran after an arms embargo on Washington’s Middle East Continue Reading
Cash-Strapped Iraq To Finally Roll Out Refinery Megaproject
Iraq’s Ministry of Oil and Ministry of Industry and Minerals held a series of meetings over the past week to kick-start the multi-billion dollar Nebras petrochemical plant development project, originally Continue Reading
Mediterranean Tensions Flare Up As Israel Rehabilitates Pipeline
The Arab Spring was the start of an ideological conflict between Turkey and the wealthy Arab Gulf nations. Turkish assertiveness is strengthened by an expanding economy and a brand of Continue Reading
Iran Boosts Oil Output At Oilfields Shared With Iraq
Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 barrels per day (bpd) from 70,000 bpd in the past seven years, Shafaq Continue Reading
Israeli advisory council recommends approval of Chevron takeover of Noble
Israel’s advisory Petroleum Council has recommended the country’s energy ministry approve US major Chevron’s $5 billion takeovers of Noble Energy, operator of the Leviathan and Tamar offshore gas fields. In Continue Reading
EU warns of ‘watershed’ moment with Turkey over gas exploration
EU foreign policy chief Josep Borrell warned Sept. 15 the bloc’s relations with Turkey had reached a “watershed” moment over Ankara’s continued exploration work in the East Mediterranean. Not registered? Continue Reading
LNG Terminal to Nearly Double Middle East Import Capacity
Kuwait aims to open what will be the Middle East’s largest import terminal for liquefied natural gas in March, according to two people familiar with the project. The Al-Zour plant Continue Reading
Iran Shelves Plans to Sell Oil-Backed Islamic Debt to the Public
Iran has canceled plans to enable members of the public to invest in the country’s oil production via Islamic bonds, a state-run news service reported. The plans were first announced by President Hassan Continue Reading