The idea of developing the 4.36 billion-barrel Nasiriyah oilfield in southern Iraq’s Dhi Qar province has been seriously mooted by the each of the rapid succession of governments in Iraq Continue Reading
China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices Continue Reading
Oil revenues for the world’s largest oil exporter, Saudi Arabia, continued to slide in May after the Kingdom ended its oil price war with Russia, with the income from oil Continue Reading
The world’s largest oil exporter, Saudi Arabia, plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors in order to raise money while its Continue Reading
The field will initially target 50,000 bpd – about half the production level it averaged before shutting down amidst the coronavirus pandemic. In mid-July 2019, workers from the state-owned Iraqi Continue Reading
Iran’s foreign ministry said on Thursday foreign governments may have been behind recent cyberattacks on Iranian facilities, but played down the possibility of them having a role in a series Continue Reading
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas Continue Reading
The 2020 gas price crunch has substantially cooled down the hype around the Eastern Mediterranean’s recent discoveries in Egypt, Israel and Cyprus. Israel was the first EastMed nation to commission Continue Reading
Saudi Arabia could use this summer record amounts of crude oil for producing electricity as more Saudis would stay at home rather than travel on vacation abroad because of the Continue Reading
Despite the recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d, oil markets maintained their bullish sentiment over the past week as Brent was Continue Reading
