There have been tensions over the location of the Israeli gas rig within the contested waters. Earlier this month, Lebanon’s Hezbollah sent three unarmed drones towards an Israeli Mediterranean gas Continue Reading
Saudi Arabia, the world’s top oil exporter, raised August crude oil prices for Asian buyers to near-record levels amid tight supply and robust demand. The official selling price (OSP) for Continue Reading
U.S. oilfield services companies Schlumberger (SLB.N) , Baker Hughes (BKR.O) and Halliburton (HAL.N) have pledged to comply with a federal supreme court ruling and withdraw from Iraq’s Kurdistan region, the Continue Reading
Pedestrians in a shopping zone in the Kizilay district of Ankara. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey’s inflation accelerated Continue Reading
The United States is calling on Saudi Arabia to increase oil production. Saudi Arabia has maintained its OPEC+ output agreement, refusing to ramp up production. The Kingdom is still maintaining Continue Reading
Baghdad court dealt a setback Sunday to the Kurdistan Regional Government’s (KRG) legal strategy of attempting to delay a federal lawsuit against seven international oil companies (IOCs) operating in Kurdistan. Continue Reading
Iran, whose energy trade is pressed by US sanctions, is ready to pump more oil as the world needs the crude to balance supply and demand and calm prices before Continue Reading
Bloomberg News Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. China has become Continue Reading
The reactor building of the Bushehr nuclear power plant in southern Iran. Indirect talks between Iran and the U.S. on reviving the 2015 nuclear deal ended without a breakthrough on Continue Reading
‘These attacks are designed to undermine economic stability’. U.S. Department of State Spokesperson Ned Price has stated that the U.S. stands with its partners in condemnation of the repeated rocket Continue Reading
