Abu Dhabi’s Supreme Petroleum Council (SPC) upgraded on Monday the hydrocarbon reserves of the United Arab Emirates (UAE), saying that the country has added 7 billion barrels of oil, moving Continue Reading
Greek company Energean Oil and Gas said on Monday that the latest appraisals show an Israeli offshore natural gas discovery is greater than initially expected, boosting Israel’s hopes of becoming Continue Reading
Oil sales by the federal government continue to drop, while exports from the Kurdistan region remain steady. Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in Continue Reading
Iran will not lift its ban on talks with the United States, Supreme Leader Ayatollah Ali Khamenei said on Sunday, describing the two countries as implacable foes on the eve Continue Reading
Security forces killed a protester and wounded 91 others in Baghdad on Saturday, security and medical sources said, as tens of thousands of Iraqis gathered in mass anti-government protests in Continue Reading
Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s Continue Reading
Saudi Aramco, the Saudi state oil giant, said it posted a net income of $68 billion during the nine-month period ending on September 30. The company’s revenues and other income Continue Reading
Saudi Arabia will compromise on valuation to ensure the initial public offering of Aramco is a success. The Kingdom is ready to accept less than the $2 trillion Crown Prince Continue Reading
Iraqi security forces opened fire on a crowd of protesters trying to break into the Iranian consulate in the Shi’ite Muslim holy city of Kerbala overnight, killing three, security and Continue Reading
Iran is launching a new array of 30 advanced IR-6 centrifuges on Monday, the country’s nuclear chief Ali Akbar Salehi told state television, scaling back Tehran’s commitments under a nuclear Continue Reading
