As Saudi Arabia and Russia began an all-out oil price war for market share, the shipping industry is going through a supertanker run and charter rates for very large crude Continue Reading
Saudi Aramco can pump crude at its maximum 12 million b/d capacity for a year without any new investment, its CEO said Monday, as the world’s largest oil producer girds Continue Reading
Iran has temporarily freed about 85,000 prisoners, including political prisoners, a spokesman for its judiciary said on Tuesday, in response to the coronavirus epidemic. “Some 50% of those released are Continue Reading
Saudi Arabia will continue to pump oil at increased levels through May, Saudi Aramco Chief Executive Amin Nasser said on Monday during an earnings call, according to Reuters. Nasser added Continue Reading
Regulations for oil and gas companies in Kurdistan reinforce standing WHO recommendations. KRG Prime Minister Masrur Barzani (far right) chairs a meeting of government officials in response to the coronavirus Continue Reading
Saudi Aramco, the world’s largest crude oil exporter, said Sunday its 2019 profit fell 21% to $88.2 billion due to lower oil prices and reduced output. It reduced 2020 estimated Continue Reading
Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximise oil production to crash oil prices and bankrupt U.S. shale producers was an Continue Reading
America’s simmering confrontation with Iran heated up again this week, with an exchange of deadly attacks between an Iranian-backed militia and U.S. forces in Iraq. U.S. commanders warn that the conflict Continue Reading
Multiple rockets fell on Saturday morning inside Iraq’s Taji military base that houses U.S.-led coalition troops, for the second time in a week, security sources told Reuters. An Iraqi colonel Continue Reading
Iraq condemned overnight U.S. airstrikes on Friday, saying they killed six people and warning of dangerous consequences for what it called a violation of sovereignty and targeted aggression against the Continue Reading
