Energy key as Qatar, UK look to strengthen strategic cooperation
Highlights Qatari delegation in UK for new cooperation talks Qatar already key supplier of LNG to UK market Talks also set to focus on UK gas storage Energy remains at Continue Reading
Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban Continue Reading
Saudi Oil Revenue To Surge 66% To $249 Billion On High Prices
Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production Continue Reading
Tensions rise over alleged intrusion at Kirkuk oil wells
Iraq’s state-run North Oil Company (NOC) has accused the semi-autonomous Kurdistan Regional Government (KRG) of deploying armed forces to control a handful of oil wells along its disputed boundary with Continue Reading
Iraq balks at greater Chinese control of its oilfields
Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Continue Reading
Saudi Arabia set for oil output capacity above 13 mln bpd by 2027, says minister
Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or Continue Reading
Sandstorm closes schools, offices and halts flights in Iraq
A heavy sandstorm in Iraq, the latest of what Iraqis say is an unprecedented number to hit the country in recent weeks, closed some state schools and offices and halted Continue Reading
Gas pipeline stalled by intra-Kurdish political rifts
The Iraqi Kurdistan region’s fractious internal politics are threatening to derail the construction of a pipeline that could enable future natural gas exports to Turkey — a potential setback for Continue Reading
Saudi Aramco net profit soars 82% in Q1 on high oil prices
State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is Continue Reading
Iran Says It Can Double Oil Exports If Market Needs More Barrels
Iran has the capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s nuclear program that could pave the way Continue Reading