Iran needs at least three months to flow back its crude in the global oil market as much as it was under the 2015 nuclear deal, former oil minister Rostam Continue Reading
Israel has dramatically expanded air strikes on suspected Iranian missile and weapons production centres in Syria to repel what it sees as a stealthy military encroachment by its regional arch-enemy, Continue Reading
The United States has provided Iran with examples of three categories of existing sanctions — those it would need to lift to return to compliance with the Iran nuclear deal, Continue Reading
Iraq’s Oil Minister, Ihsan Abdul-Jabbar, announced last week that the country plans to increase its oil production capacity to 8 million barrels per day (bpd) by 2029, compared to current Continue Reading
Diplomats working in Vienna on a solution to bringing the United States back into the nuclear deal with Iran and world powers are taking a break from talks to consult Continue Reading
In less than nine months, an assassin on a motorbike fatally shot an Al Qaeda commander given refuge in Tehran, Iran’s chief nuclear scientist was machine-gunned on a country road, Continue Reading
The Syrian Observatory for Human Rights, which monitors developments in the Syrian war , said 26 Islamic State members died in Russian airstrikes in Palmyra and other areas of the Continue Reading
ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Continue Reading
High-level talks in Vienna aimed at bringing the United States back into the 2015 nuclear deal with Iran are moving ahead with experts working on drafting proposals this week, but Continue Reading
Iran welcomed on Monday the idea of talks with its regional rival Saudi Arabia, amid reports that the two Gulf powers were directly talking about bilateral relations and hopes that Continue Reading
Saudi Arabia drew again on its crude stockpiles in February, while exports fell, reflecting the impact of its voluntary 1 million b/d production cut in addition to its OPEC+ production Continue Reading
Even before the Joint Comprehensive Plan of Action (JCPOA) ‘nuclear deal’ was agreed in 2015 between Iran and the P5+1 (U.S., U.K., France, China, Russia plus Germany), the issue of Continue Reading
Sinopec to develop eastern Mansuriyah gas field Iraq wants to boost gas output amid Iranian imports Most gas production is pumped with oil Iraq awarded Sinopec a contract to develop Continue Reading
China’s crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion Continue Reading
A 5.9 magnitude earthquake in southern Iran partially has damaged a critical oil facility and disrupted production, state television reported April 18. Not registered? Receive daily email alerts, subscriber notes Continue Reading
Iran on Friday has announced its latest nuclear fait accompli , saying that it’s obtained for the first time ever 60% enriched uranium overnight . This marks the highest level Continue Reading
Militants using explosives attacked two oil wells northwest of Kirkuk in northern Iraq on Saturday but no significant damage resulted and production was not affected, the Iraqi oil ministry said. Continue Reading
Iran’s state television on Saturday identified a man it said was behind a recent explosion at its main Natanz nuclear plant. “Reza Karimi, the perpetrator of this sabotage…, has been Continue Reading
Iran said Friday it had enriched uranium at 60% purity for the first time, a move that comes in response to an attack on its main nuclear facility, and which Continue Reading
The world’s largest oil company and biggest oil exporter, Saudi Aramco, has resumed tendering and development work on major offshore oil expansion projects that would give Saudi Arabia another 1.15 Continue Reading
Negotiators for the U.S. and Iran, working to revive an international deal aimed at restricting Tehran’s atomic ambitions, are looking for ways to untangle a knot of interlocking American sanctions Continue Reading
Iraq is in talks with US energy companies to find potential buyers for ExxonMobil’s 32.7% stake in West Qurna 1, the state-owned Iraqi News Agency reported citing an April 15 Continue Reading
Iran is warning that it doesn’t plan to let nuclear negotiations “drag on” and has threatened to cut talks short if they are “not constructive” . The fresh warning from Continue Reading
The United States and Iran will reconvene indirect talks aimed at reviving the 2015 Iranian nuclear deal on Thursday in Vienna, White House press secretary Jen Psaki said. There have Continue Reading
Ayatollah Ali Khamenei used to only wear the chequered keffiyeh scarf on special, mainly military, occasions: visits to war fronts with Iraq in the 1980s or army ceremonies. But since Continue Reading
Iran’s top leader said on Wednesday that his country would keep negotiating with world powers over how to salvage the 2015 nuclear deal, quashing speculation that Iran’s delegation would boycott Continue Reading
Iran said on Tuesday it will start enriching uranium to 60% purity, a move bringing the fissile material closer to levels suitable for a bomb, after accusing Israel of sabotaging Continue Reading
Iran will begin enriching uranium to 60 percent purity, a top official said Tuesday, far exceeding its current level, in a defiant move following an attack on one of its Continue Reading
Iran’s move to enrich uranium up to 60% purity is a response to the sabotage at its key nuclear facility, President Hassan Rouhani said on Wednesday, adding the Islamic Republic Continue Reading
Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers Continue Reading
Iran blames regional arch-foe Israel for a sabotage incident at its key Natanz nuclear site and will exact revenge, state TV quoted its foreign minister as saying, in what appeared Continue Reading
World powers have sought to distance themselves from an alleged attack on Iran’s main uranium enrichment facility that threatens to complicate talks to revive an international nuclear deal with Tehran. The Continue Reading
The Iranian foreign minister, Mohammad Javad Zarif, vowed revenge against Israel on Monday morning, a day after a blackout at an Iranian nuclear enrichment site was attributed to an Israeli Continue Reading
Iran is blaming Israel for what it says was sabotage on its Natanz nuclear site over the weekend and vowed revenge against the perpetrators. Iran uses the Natanz site for Continue Reading
Iran’s top diplomat said on Tuesday that an attack on its Natanz nuclear facility which it blames on Israel was a “very bad gamble” that would strengthen Tehran’s hand in Continue Reading
Iran on Monday accused Israel of orchestrating an attack on its main nuclear facility that stirred fears for the future of talks involving Washington and Tehran over a deal to constrain the Continue Reading
The Iranian foreign minister, Mohammad Javad Zarif, vowed revenge against Israel on Monday morning, a day after a blackout at an Iranian nuclear enrichment site was attributed to an Israeli Continue Reading
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging to historical Continue Reading
A power failure that appeared to have been caused by a deliberately planned explosion struck Iran’s Natanz uranium enrichment site on Sunday, in what Iranian officials called an act of Continue Reading
Iran said saboteurs caused a blackout at the country’s main nuclear-enrichment plant, accusing the alleged culprits of attempting to derail informal talks with the U.S. on reviving a 2015 nuclear accord Continue Reading
Iran said saboteurs caused a blackout at the country’s main nuclear-enrichment plant, accusing the alleged culprits of attempting to derail informal talks with the U.S. on reviving a 2015 nuclear accord Continue Reading
DUBAI (Reuters) – Yemen’s Houthi movement said on Monday it had fired 17 drones at Saudi targets, including 10 launched towards Saudi Aramco refineries in Jubeil and Jeddah, according to Continue Reading
Iran blames regional arch-foe Israel for a sabotage incident at its key Natanz nuclear site and will exact revenge, state TV quoted its foreign minister as saying, in what appeared Continue Reading
The breakeven oil prices that Middle Eastern countries need to balance their state budgets are largely projected to fall in 2021 and 2022 on expectations of higher oil prices and Continue Reading
U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this year as well because of Continue Reading
EPA Iran has invested heavily in developing its surface-to-air missile to defend against air attack The end of the Trump era has caused a collective but cautious sigh of relief Continue Reading
Sign up for our coming Middle East newsletter and follow us @middleeast for news on the region. Iraq’s foreign reserves have risen to more than $60 billion, driven by the Continue Reading
South Korea’s prime minister arrived in Tehran for talks over $7 billion of Iranian funds trapped in his country by U.S. sanctions, with a successful outcome likely to be seen Continue Reading
Investors led by EIG Global Energy Partners LLC agreed to acquire a roughly $12.4 billion stake in a Saudi Aramco oil-pipeline rights company. The group will acquire a 49% equity stake in Aramco Oil Continue Reading
The US, Iran and remaining signatories of the nuclear deal will resume talks April 14 in Vienna, Iranian officials said, as the parties seek to negotiate a pathway for the Continue Reading
