Saudi Arabia is significantly cutting its crude oil exports to the United States this month, with shipments likely to hit a 35-year low and reducing the overhang in U.S. oil Continue Reading
Following the demand and oil price crashes, Saudi Arabia has idled offshore rigs and postponed the start of a US$18-billion expansion project, Bloomberg News reported on Wednesday, citing sources familiar Continue Reading
Iraq suffers power shortages, capacity at 16.77 GW Solar tender for 755 MW restarted Iraq recently signed two-year contract to import Iranian electricity Iraq plans to increase its generating capacity Continue Reading
Qatar’s recent decision to go ahead with bold plans for the North Dome , its supergiant non-associated gas reservoir, together with corollary deals to secure massive new liquefied natural gas Continue Reading
The ongoing record production cuts from the OPEC+ group are set to push oil prices up to ‘normal’ levels soon, Suhail Al Mazrouei, energy minister of the United Arab Emirates Continue Reading
OPEC’s second-largest producer, Iraq, which is also the least compliant member of OPEC+, has made significant cuts in its crude oil exports so far in June, in a move suggesting Continue Reading
Iraq’s state-run North Oil Company (NOC) has fallen two months behind in paying hundreds of local residents contracted to guard oil wells in the Kirkuk area, potentially compounding the threats Continue Reading
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to the American oil market. The kingdom has exported just one cargo to Continue Reading
The head of the United Nations’ atomic watchdog agency said Monday that Iran must provide inspectors access to sites where the country is thought to have stored or used undeclared Continue Reading
Iraq’s government has approached international oil companies operating some of its largest oilfields to reduce production further and they have agreed, Reuters reports , citing an unnamed source from the Continue Reading
