UN: Houthis Didn’t Launch Attacks On Aramco
The Houthi rebels in Yemen were not the ones who launched the drone and missile attack on Saudi oil infrastructure last September, a confidential report from the UN has revealed. Reuters, Continue Reading
Iraqi oil output steady at 4.46 mil b/d, in line with OPEC quota: ministry
Iraq’s crude production is steady at 4.46 million b/d in line with its OPEC quota and has not been affected by recent events in OPEC’s second-largest oil producer, an oil Continue Reading
Kuwait Expects To Pump 250,000 Bpd When Neutral Zone Restarts
Kuwait expects its share of the oil production from the Neutral Zone that it shares with Saudi Arabia to be 250,000 bpd by the end of 2020 when production will Continue Reading
Iraq’s oil seen safe for now, but what comes next may be challenge
Iraq has proven it can maintain oil production and exports without US workers for a short period, but there are major risks to crude supply from OPEC’s second-largest producer if Continue Reading
Asian Oil Buyers Unfazed By Iran Crisis
Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the rest: heavy Continue Reading
German exports to Iran roughly halved in January-November 2019 due to U.S. sanctions
German exports to Iran roughly halved in the first 11 months of 2019 compared with the same period in the previous year due to U.S. sanctions, preliminary data from the Continue Reading
Trump avoids escalating crisis, says Iran is ‘standing down’
U.S. President Donald Trump on Wednesday backed away from days of angry rhetoric against Iran as the two countries tried to defuse a crisis over the American killing of Iranian Continue Reading
Trump administration works on Iraq sanctions, but analysts warn of consequences
Following President Trump’s warning earlier this week, administration officials are in the preliminary stages of developing sanctions on Iraq, a path the president could legally set upon but could create Continue Reading
Iran’s leader says he wants US out of the Middle East
Iran’s Supreme Leader Ayatollah Ali Khamenei said Wednesday that the US should leave the Middle East after the US killing of a top Iranian military general last week. “An important Continue Reading
Iran Strikes Reverberate Across Persian Gulf Economy
Iran fired missiles at American troops in Iraq in response to the U.S. killing of its top military commander Qassem Soleimani. While Iran’s supreme leader pledged further attacks, the overnight Continue Reading