2020 budget delayed amidst political chaos
Iraqi Prime Minister Adil Abd al-Mahdi has indicated he is unlikely to send a draft 2020 budget to Parliament, instead leaving the next government to answer tough questions about how Continue Reading
Exclusive: U.S. probe of Saudi oil attack shows it came from north – report
The United States said new evidence and analysis of weapons debris recovered from an attack on Saudi oil facilities on Sept. 14 indicates the strike likely came from the north, Continue Reading
Saudis Look At Bond Market To Fund Move Away From Oil
Crown Prince Mohammed bin Salman finally saw Saudi Aramco reaching the US$2 trillion valuation he has sought for years. Yet, this record-breaking valuation , achieved on the second day of Continue Reading
Israel’s Massive Gas Field To Start Producing On December 23
Israel’s biggest natural gas field, Leviathan, is expected to begin production on Monday, the Israeli energy ministry said on Thursday, after a Jerusalem court rescinded an injunction that it had Continue Reading
Aramco’s Opening Rally Comes To An End
Shares in Saudi Aramco dipped 3.27 percent on Thursday as the oil giant was hit by profit-taking, ending the trading week in Saudi Arabia among the top losers today, and Continue Reading
Israel approves final permits to allow first gas exports to Egypt
Gas supplies by pipeline from Israel to Egypt are on course to begin by the end of 2019 after Israeli energy minister Yuval Steinitz on Monday signed the final permits Continue Reading
Volkswagen and Qatar to put autonomous electric vehicles on Doha roads in 2022
Volkswagen AG and the Qatar Investment Authority (QIA) are partnering in Project Qatar Mobility, which will put a fleet of self-driving Level 4 electric shuttles into operation in the Qatar Continue Reading
Iraq’s 550,000 Bpd Oil Deal Is In Jeopardy
The much-vaunted deal involving the transfer of oil from the semi-autonomous region of Kurdistan in Iraq’s north in exchange for budget disbursements from the federal government is in Baghdad in Continue Reading
How one deadly day prompted Iraqi leader’s exit
In the pre-dawn hours of Nov. 28, after Iraqi demonstrators set the Iranian consulate in the southern holy city of Najaf ablaze, the killings began. By the end of that Continue Reading
US sanctions on Iranian oil impeding foreign investment, slowing product exports: official
Iran’s oil export revenues have fallen to zero US sees Iranian attempts to evade sanctions Hook gives no sign US open to sanctions relief US sanctions on Iran’s oil exports Continue Reading