The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced this week. The production Continue Reading
Highlights Parliament last week postponed voting on oil minister post PM Kadhimi wants to restore Iraq’s shrunken oil market share He also wants to amend IOC contracts Iraq’s new prime Continue Reading
A county in southwestern Iran has been placed under lockdown to prevent the spread of coronavirus, Tasnim news agency reported on Sunday, also quoting the provincial governor as saying there Continue Reading
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC’s value following a slump in Continue Reading
Iran is quarantining part of the oil-rich southwest of the country for the next week, with all main routes into the area closed, the semi-official Tasnim news agency reported. All banks, Continue Reading
Despite – or perhaps because of – the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall, Qatar believes Continue Reading
Saudi Arabia announced a slew of austerity measures to cope with the impact of the coronavirus pandemic and an oil-price rout, tripling its value-added tax and cutting a cost-of-living allowance Continue Reading
WASHINGTON (Reuters) – U.S. President Donald Trump and Saudi Arabia’s King Salman spoke by phone on Friday and “reaffirmed the strong United States-Saudi defense partnership,” the White House said, amid Continue Reading
New infections from the coronavirus have surged in Iran two weeks after it began easing restrictions on its population and a day before some mosques are set to reopen for Continue Reading
The U.S. is removing Patriot antimissile systems from Saudi Arabia and is considering reductions to other military capabilities—marking the end, for now, of a large-scale military buildup to counter Iran, Continue Reading
