Saudi Arabia’s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite sliding profit and a surge in debt, as the kingdom battles Continue Reading
When it comes to America’s allies in the Middle East, Washington has long “looked the other way” while they recklessly pursue questionable weapons technology. Think Pakistan’s nuclear program at a Continue Reading
OPEC’s second-largest producer, Iraq, is promising additional cuts of around 400,000 barrels per day (bpd) this month in order to compensate for the lack of compliance with the OPEC+ agreement Continue Reading
Shell personnel will return to the Basra Gas Company (BGC) joint venture consortium next week, following their evacuation from Basra due to a payment dispute that nearly turned violent in Continue Reading
Several Asian refiners struggling with weakening demand will ask Saudi Arabia for less crude next month after the kingdom cut official selling prices by a smaller amount than the processors had Continue Reading
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for Continue Reading
Laith Jabbar, a gas station worker drinks water in Basra, Iraq, on Monday, July. 27, 2020. As temperatures soar to record levels this summer, Iraq’s power supply falls short of Continue Reading
Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Continue Reading
Iraq’s nationwide crude exports fell in July to 3.192 million barrels per day (bpd), their lowest monthly average since 2015, as the Oil Ministry continued to throttle back output in Continue Reading
