The OPEC+ group has as much as 2.31 million barrels per day (bpd) of oil production above the collective quota for May-July to offset in August and September, Reuters reported Continue Reading
Saudi Arabia’s crude oil exports plunged to the lowest on record in June and production fell to the lowest in 17 years as OPEC and its allies continued their campaign Continue Reading
A diplomatic standoff over restoring international sanctions against Iran may be the most vivid example yet of how the United States has largely isolated itself from the world order — Continue Reading
U.S. efforts to have the U.N sanctions on Iran reimposed will have “dangerous consequences,” Iran’s foreign minister Javad Zarif said in a letter to the UN on Thursday, Reuters reported Continue Reading
An attempt by the Basra Oil Company (BOC) to take over logistics operations of Iraq’s offshore oil facilities in the Basra Gulf has led to a rift with Iraq’s ports Continue Reading
President Trump has directed Secretary of State Mike Pompeo to go to the United Nations on Thursday in the first step toward reimposing all U.N. sanctions against Iran, using a Continue Reading
Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and Continue Reading
EU leaders on Aug. 19 reaffirmed their opposition to Turkey’s “illegal” drilling activities offshore Cyprus and agreed that “all options will be on the table” at the next European Council Continue Reading
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the Continue Reading
Chevron would negotiate a joint venture with Iraqi state companies for exploration rights in southern Iraq — a deal that could set a positive tone during a state visit to Continue Reading
