Saudi Aramco raises Asia-bound Arab Super Light by $2.75/b Oil market to remain tight for time being Crude oil futures edged higher in mid-morning trade in Asia June 6 after Continue Reading
The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to Vitol. The US may allow more sanctioned Iranian Continue Reading
Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. Continue Reading
Oman seeking to maintain or boost oil output It has 5.2 billion in oil reserves, 24 Tcf of gas reserves Oman, Iran forming technical team for gas pipeline project Oman Continue Reading
France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Continue Reading
Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday blamed recent protests in Iran on foreign “enemies” seeking to overthrow the government in the Islamic Republic. Also, he said, enemies were Continue Reading
Israel is ready to use its “right to self-defense” to prevent Iran from building nuclear weapons. Israeli Prime Minister Naftali Bennett “expressed Israel’s deep concern regarding Iran’s continued progress toward Continue Reading
After months of ignoring oil consumers’ calls to turn on the taps, OPEC+ has finally agreed to step up production targets. But the real winner of the deal appears to Continue Reading
President Biden, who as a candidate vowed to make Saudi Arabia a “pariah” in response to the assassination of a prominent dissident, has decided to travel to Riyadh this month to rebuild Continue Reading
Iraq’s Oil Ministry is initiating legal action against international oil companies operating in the Kurdistan region — part of an escalating effort to implement the Federal Supreme Court’s landmark decision to invalidate Continue Reading
