Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s energy minister Prince Abdulaziz said today prior to the OPEC+ Joint Continue Reading
The Barakah nuclear plant. The United Arab Emirates connected the Arab world’s first nuclear power plant to the country’s grid and began providing electricity, crossing the final threshold to membership Continue Reading
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus. Rumaila workers at degassing station 3 on July 29, 2020. (ALI AL-AQILY/Iraq Oil Report) Iraq’s monthly Continue Reading
The fate of a fragile 2015 nuclear deal between Iran and world powers hinges on the result of the U.S. presidential election in November, not a planned U.S. bid this Continue Reading
The Abu Dhabi National Oil Company (ADNOC) sees a robust return of oil demand, mainly from China, ADNOC Group’s chief executive Dr. Sultan Ahmed Al Jaber told IHS Markit Vice Continue Reading
Saudi Arabia kept up the pressure on OPEC+ nations that have been exceeding their oil-output targets, hours before a meeting to discuss their agreement. King Salman bin Abdulaziz called Nigerian President Continue Reading
Four tankers whose cargoes were seized by the U.S. over the past month were heading to Venezuela with gasoline loaded in Iran, according to Iranian Oil Minister Bijan Namdar Zanganeh. Continue Reading
Attendees stand near Chevron signage during the World Gas Conference. Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Iran signed on Monday a total of 13 oil contracts with 14 domestic firms, which will raise the Islamic Republic’s oil production capacity by 185,000 barrels per day, the oil Continue Reading
