Saudi Arabia said its largest oil export terminal at Ras Tanura in the Persian Gulf has emerged unscathed after being targeted in a March 7 drone attack in a series Continue Reading
Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after OPEC+ extended oil supply constraints, pointing to a tightening physical market. The world’s biggest crude Continue Reading
Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global hub for green hydrogen. As Continue Reading
Iran would be ready to resume talks on the nuclear deal with the US and other western powers if they provide a “clear signal” that sanctions will be lifted within Continue Reading
There are many ways the Iraqi government could deliver 24 hours of electricity service per day – but none without a financial or political cost. In a wide-ranging interview with Continue Reading
Yemen’s Houthi rebels said Friday they launched a drone attack on a military airbase and an airport in Saudi Arabia, stepping up their offensive on the kingdom’s energy and security Continue Reading
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply. Continue Reading
Turkey’s energy import bill has been a major drag on its economy for decades. In 2019, the country imported $41 billion worth of energy among which 45 billion cubic meters Continue Reading
Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism. The spill was caused Continue Reading
ran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Continue Reading
Nationwide oil exports increased to 3.395 million barrels per day (bpd) in February, up from 3.266 million bpd the month before , according to an Iraq Oil Report analysis of Continue Reading
At least 10 rockets landed on Wednesday at Iraq’s Ain al-Asad airbase that hosts the United States, coalition, and Iraqi forces, the Iraqi military said. It was the second rocket Continue Reading
With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full Continue Reading
The head of the United Nations’ nuclear watchdog agency on Monday urged that inspections not be used as a “bargaining chip” as Iran, the United States and other nations lock Continue Reading
The de facto ruler of Abu Dhabi, the richest oil emirate in the United Arab Emirates (UAE), became the chairman of the newly-formed board of directors at state oil firm Continue Reading
Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news Continue Reading
With a new man in the White House, Iraq’s Prime Minister, Mustafa al-Kadhimi, appears to believe that Iraq can begin a completely new cycle of playing off the U.S. against Continue Reading
Iran rejected a European Union offer to hold direct nuclear talks with the U.S. in the coming days, risking renewed tension between Tehran and Western capitals. Senior Western diplomats said Continue Reading
With Tehran escalating its nuclear activities in recent months in breach of the 2015 nuclear deal, the U.S. conducting airstrikes on Iranian-backed militias in Syria , and Iranian presidential elections Continue Reading
Iran has rejected an early meeting with the United States and the other signatories to the Iran nuclear deal, according to Iranian and Western officials. Because of “recent positions and Continue Reading
Russia was given about four to five minutes warning of the Biden administration’s first military action when it struck Iranian-backed militias in eastern Syria early Friday, according to Russian Foreign Continue Reading
Syria said U.S. airstrikes against Iranian-backed militias in the east of the country on Friday were a cowardly act and urged President Joe Biden not to follow “the law of Continue Reading
Iraq is willing to spend the money needed to buy coronavirus vaccines, but global supply availability is hampering its efforts to begin inoculating citizens against covid-19. More than 1.5 million Continue Reading
Venezuela and Iran, both sanctioned by the United States, have found a way to help each other as shipping companies stay away from dealings with the two oil-producing countries for Continue Reading
First shipments of three different vaccines are expected imminently, but limited supply and rising infection rates mean other new pandemic counter-measures are also needed. Nationwide oil production held at just Continue Reading
Iraq’s southern crude exports have been averaging 2.7 million b/d in February, in line with the country’s OPEC+ quota, the head of state-owned Basra Oil Co. said in an oil Continue Reading
A last-minute deal between Iran and the UN atomic watchdog over snap inspections has opened a narrow diplomatic window to revive the landmark nuclear treaty between international powers and Tehran. The Continue Reading
Tehran’s broad strategy regarding the U.S. is to seek to push new President Joe Biden back into a non-renegotiated nuclear deal, which favours Iran, whilst at the same time allowing Continue Reading
A major crisis was narrowly averted Sunday over Iran’s nuclear facilities and the planned booting of IAEA inspectors from key sites , scheduled according to a prior Iranian parliament decision Continue Reading
Saudi Aramco is aiming for its hydrogen business to be “world scale” by 2030, as that is when it expects the market for the clean fuel to scale up, Ahmed Continue Reading
An Iranian government newspaper warned on Tuesday that overly radical actions in the nuclear wrangling with the West may lead to the country’s isolation after Tehran ended snap inspections by Continue Reading
Sheikh Ahmed Zaki Yamani, Saudi Arabia’s long-serving oil minister and the public face of the 1973 oil embargo that punctuated the country’s newfound role as an oil-market superpower, has died. Continue Reading
Iraq awarded seven projects to generate solar power as part of a plan to produce 10 gigawatts of solar energy by the end of 2030, Iraq Oil Minister Ihsan Abdul Continue Reading
It took seven years from the summer’s day in 2008 when a top U.S. diplomat first sat down with his Iranian counterpart until the two sides sealed the 2015 Iran Continue Reading
The U.N. nuclear watchdog has struck a deal with Iran to continue “necessary” verification and monitoring activities in Iran after Tehran slashes cooperation this week but there will be less Continue Reading
Iran is set to attend the meeting of an OPEC+ advisory committee next month, according to a delegate who declined to be identified. While Iran — exempted from OPEC’s production cuts Continue Reading
Iran appears to have partly lifted its threat to sharply limit international inspections of its nuclear facilities starting on Tuesday, giving Western nations three months to see if the beginnings Continue Reading
The shells started landing inside Hussein Ali Wuhaish’s refugee camp days after the Biden administration ended U.S. support for a Saudi-led coalition fighting in Yemen and took steps to lift sanctions Continue Reading
Iraq has put on hold an oil supply pre-payment deal with China’s state-owned Zhenhua Oil Co. due to the uptick in crude prices this year, the country’s oil minister told Continue Reading
After a campaign in which he promised to repair relations with allies and put diplomacy first, President Biden joined his first international summit on Friday: A virtual Group of Seven meeting Continue Reading
The U.N. nuclear watchdog found uranium particles at two Iranian sites it inspected after months of stonewalling, diplomats say, and it is preparing to rebuke Tehran for failing to explain, Continue Reading
OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg Continue Reading
Given the extreme unlikelihood of the U.S. returning to the currently structured Joint Comprehensive Plan of Action (JCPOA), and Iran’s unwillingness to renegotiate the deal any time soon , the Continue Reading
Iran will “immediately reverse” actions in respect of its nuclear programme when U.S. sanctions are lifted, its foreign minister said on Friday, reiterating Tehran’s position on Washington’s offer to revive Continue Reading
U.S. and Iranian officials could hold nuclear discussions within coming weeks under a plan by the European Union to bring the two sides together for the first time since President Continue Reading
The United States is prepared to talk to Iran about both countries returning to compliance with a 2015 deal that aims to stop Tehran from developing a nuclear weapon, U.S. Continue Reading
Saudi Arabia’s crude stockpiles dropped to their lowest on record in December as the OPEC kingpin continued to push out more exports with direct use falling even more, according to Continue Reading
Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an Continue Reading
Iraq’s nationwide crude production held steady in January at just over 4 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data collected independently from Continue Reading
Iraq’s $2 billion oil prepayment deal with China’s state-owned Zhenhua Oil Co. is on hold pending government approvals, the deputy director-general of State Oil Marketing Organization told S&P Global Platts.Now Continue Reading
