Construction is now fully under way of Iran’s game-changing oil pipeline that will be able to transport huge quantities of oil and petrochemicals from its major oil fields via Guriyeh Continue Reading
Iraq swore in a new government after months of political deadlock that has hampered the country’s ability to respond to multiple crises exacerbated by the coronavirus pandemic. Lawmakers wearing surgical Continue Reading
Iraq’s Parliament chose an American-backed former intelligence chief as the new prime minister early Thursday morning, giving the country its first real government in more than five months as it Continue Reading
Iraq’s new prime minister, who was granted a vote in confidence by the country’s parliament early Thursday, wants to restore the oil market share of OPEC’s second largest oil producer Continue Reading
With some measures relaxed, the risk of further COVID-19 case growth raises concerns. Traffic police direct taxies and other vehicles in a traffic jam on May 05, 2020. (MURTADHA AL-SUDANI/Anadolu Continue Reading
The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed Continue Reading
With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Continue Reading
It is becoming increasingly clear that the ongoing oil demand destruction, COVID-19 lockdowns and financial crisis are going to significantly impact Saudi Arabia. In a dramatic appearance, Saudi Minister of Continue Reading
The volume of oil products held in storage at Fujairah jumped to the highest level on record as tumbling regional demand from the coronavirus pandemic drives more supplies into the Continue Reading
Time is running out for oil-dependent nations. The world is transforming quickly and climate change is accelerating oil’s demise even faster. Despite fossil fuel’s so-called imminent fall of grace with Continue Reading
