UAE’s Sharjah National Oil Corp. (SNOC) is putting its LNG project with Uniper on hold to focus on its first onshore natural gas discovery in 37 years, along with exploration Continue Reading
Saudi Finance Minister Mohammed al-Jadaan speaks at the meeting of G20 finance ministers and central bank heads. SPA Saudi Arabia’s Finance Minister Mohammed al-Jadaan said he estimated the country’s budget Continue Reading
Iran’s death toll from the coronavirus outbreak rose by more than 100 to 1,556 on Saturday and the total number of people infected now exceeds 20,000, a health ministry official Continue Reading
Saudi Aramco vowed there will be no disruption in its oil and gas supplies to customers even as international borders have closed and transportation venues cut off. Receive daily email Continue Reading
U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one of his own Republican Continue Reading
Saudi Arabia and Russia must have anticipated an oil price crash when they broke up their three-year-long bromance to push up oil prices. Two weeks later and nearly 4 million Continue Reading
Petronas withdraws all foreign staff due to COVID-19; Iraq can replace the lost production with spare capacity at other fields. In mid-July 2019, workers from the state-owned Iraqi Drilling Company Continue Reading
The United States believes Saudi Arabia’s flooding of global oil markets compounds the global economic crash at a time of a crisis caused by coronavirus and intends to send a Continue Reading
Since 2016, as an informal leader of the 13-strong non-OPEC group, Russia has been instrumental in the pricing of oil as Saudi Arabia, leading producer in the Organization of Petroleum Continue Reading
The United States sent Iran a blunt message this week: the spread of the coronavirus will not save it from U.S. sanctions that are choking off its oil revenues and Continue Reading
