How Trump Convinced Saudi Arabia To End The Oil Price War
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and Continue Reading
Six Million Iranians Might Lose Jobs Due to Pandemic, Study Says
As many as 6.43 million Iranians, or nearly 25% of the workforce, could lose their jobs due to the coronavirus outbreak, according to a study by the country’s Parliament Research Continue Reading
Iraq Seeks More Aid From the U.S. to Manage Coronavirus Fallout
Iraq is seeking financial assistance from the U.S. to help the country combat the fallout of the Covid-19 pandemic and plummeting oil revenue, the country’s health minister-designate said. “We have been Continue Reading
Saudi Oil Flotilla Heading to U.S. Will Worsen Port Congestion
A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time producers are shutting in output as they Continue Reading
Fleet Of 28 Saudi Oil Tankers Could Send U.S. Oil Prices Crashing In May
With the Covid-19 pandemic reducing global oil demand by devastating numbers, oil storages are filling quickly in the US, forcing producers to start shutting output in the country and creating Continue Reading
Saudi’s Crown Prince Faces Some Tough Choices
We’re only in late April, but already Mohammed bin Salman’s banner year is unraveling. After a failed boycott of neighboring Qatar, a disastrous military campaign in Yemen and international condemnation over the gruesome Continue Reading
The pandemic could bring a global ceasefire
Could anything good come out of the coronavirus pandemic? Amid mass deaths, lockdowns and the prospect of another Depression, it is hard to find a bright side. Yet one ray of Continue Reading
Saudi Arabia And Russia Fight Bitter Market Share Battle As Oil Prices Collapse
The Chinese word ‘crisis’ consists of the characters for ‘danger’ and ‘opportunity’. The unprecedented situation in global energy markets has provided traditional producers with an opportunity to displace incumbents in Continue Reading
Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal
OPEC’s top producer and the world’s top oil exporter, Saudi Arabia, has already started cutting its oil production ahead of the official start of the new OPEC+ pact on May Continue Reading
US extends Iraq’s sanctions waiver for Iranian power imports by another 30 days
Iraq can import Iranian electricity without the risk of sanctions for another 30 days, the US State Department said Sunday in extending a key waiver, despite some predictions that the Continue Reading