Oman Looks At Full Oil Industry Overhaul
With a fiscal breakeven oil price of US$87.55 per barrel (pb) of Brent in 2020 and 80 per cent of its revenues still coming directly or indirectly from the hydrocarbons Continue Reading
Eastern Libyan force warns against transporting military equipment in civilian planes
The eastern-based Libyan National Army force said on Sunday it had monitored a Boeing 747-412 that had flown from Istanbul to Libya carrying military equipment. LNA spokesman Ahmed Mismari warned Continue Reading
Erdogan says Turkey will increase military support to Libya if necessary
Turkey will increase its military support to the internationally recognized government of Libya if necessary and will evaluate ground, air and marine options, President Tayyip Erdogan said on Sunday, after Continue Reading
Saudis, Kuwait Near End to Spat Over Shared Oil Fields
The deal could still fall through at the last minute and the two countries, which reached a preliminary agreement in October, are unlikely to restart production immediately, the people familiar Continue Reading
Russia Strengthens Its Grip On Syrian Oil
Following the various recent announcements from U.S. President Donald Trump that he wants the country to withdraw from all areas of potential conflict in the Middle East – except Saudi Continue Reading
Iran’s leader ordered crackdown on unrest – ‘Do whatever it takes to end it’
After days of protests across Iran last month, Supreme Leader Ayatollah Ali Khamenei appeared impatient. Gathering his top security and government officials together, he issued an order: Do whatever it Continue Reading
Saudi sentences five to death, three to jail in Khashoggi case
Saudi Arabia’s public prosecutor said on Monday five people had been sentenced to death and three more to jail terms totaling 24 years in the case of the killing of Continue Reading
Saudi Arabia sentences five to death for killing journalist Jamal Khashoggi inside Turkish consulate
The country’s top prosecutor said three more people were sentenced to jail terms totaling 24 years. Saud al-Qahtani, an aide to Crown Prince Mohammed bin Salman and the most senior Continue Reading
Isis in Iraq: Militants ‘getting stronger again’
IS was uprooted after a long fight in Iraq, but it was never completely defeated There are growing indications that the Islamic State (IS) group is re-organising in Iraq, two Continue Reading
Facing tighter OPEC policy, Iraq continues output cuts
Iraq has continued to reduce its oil production as it moves closer to compliance with an OPEC agreement designed to bolster global oil prices. The federal government and the autonomous Continue Reading