An explosion rocked a Singapore-flagged oil tanker at the Saudi Red Sea port of Jeddah, according to multiple media reports. The United Kingdom Maritime Trade Operations website reported the incident Continue Reading
Iranian President Hassan Rouhani, in a direct appeal to U.S. President-elect Joe Biden, said his country was willing to return to full compliance with its nuclear deal with world powers Continue Reading
Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority Continue Reading
A major crude oil pipeline in southwest Iran has burst, setting fire to surrounding farms and lands, state news agency IRNA reported Dec. 13. The 30-inch Marun-Isfahan pipeline, with six Continue Reading
Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for the OPEC member state which is mired in its worst economic crisis in Continue Reading
Saudi tankers pictured in a handout photo. An explosion hit a tanker docked in Saudi Arabia on Monday. An oil tanker docked at the Saudi port city of Jeddah was Continue Reading
An LR1 tanker owned by Hafnia suffered an explosion early Dec. 14 while discharging a gasoline cargo at Saudi Arabia’s western port of Jeddah, sources with direct knowledge of the Continue Reading
Iraq’s oil ministry has managed to put out fire at one of two oil wells in the northern Khabbaz oil field that were set ablaze on Dec. 9 by explosive Continue Reading
Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current Continue Reading
Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority Continue Reading
Iranian authorities seem confident they could be able to sell as much as 2.3 million barrels per day (bpd) of oil in the next Iranian year that begins in March Continue Reading
ADNOC has signed a strategic framework agreement with Exxon Al Khalij Inc focused on exploring joint technology research and development partnership opportunities across the oil and gas upstream value chain. Continue Reading
Iraqi police stand near a poster of Iranian commander Qasem Soleimani, who was killed in a U.S. strike nearly a year ago. Tensions between Iran and the United States have Continue Reading
Saudi Arabia is looking to plug budget gaps by having its state-run oil giant, Saudi Aramco, sell some stakes in its subsidiaries, according to anonymous Bloomberg sources. The Kingdom’s oil Continue Reading
When Alwyn Whitcher took a job with Saudi Aramco in 2017, he believed he was joining a company with a history of valuing the expatriate engineers who helped build and Continue Reading
Iraq has picked a Chinese state-owned oil producer and trader to pay it upfront for oil, providing much-needed cash to the Iraqi government which has been struggling to make ends Continue Reading
European Union leaders early Friday gave the green light for the expansion of sanctions against Turkey over its exploration of gas reserves in Mediterranean waters claimed by EU members Greece Continue Reading
Two oil wells in Iraq’s northern Khabbaz field in Kirkuk province are on fire after they were targeted by explosive devices, an oil ministry official said Dec. 9, a week Continue Reading
The oil-producing subsidiary of Russian state gas giant Gazprom, Gazprom Neft, has announced that it plans to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous region of Continue Reading
Two wells at the Khabbaz oil field in Kirkuk province were bombed early Wednesday, highlighting the persistent security risks to oil infrastructure in northern Iraq. As authorities battle to put Continue Reading
Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil Continue Reading
Oil is sometimes referred to as ‘black gold’. The discovery and export of fossil fuels have led to tremendous wealth creation for certain countries. In this sense, no region in Continue Reading
Oil rallied after attacks on small oil fields in Iraq reminded the market that the country’s security challenges haven’t yet gone away. Brent futures rose as much as 1.5%, reversing an Continue Reading
The killing of Iran’s top nuclear scientist last month was carried out remotely with artificial intelligence and a machine gun equipped with a “satellite-controlled smart system”, Tasnim news agency quoted Continue Reading
Now that Bahrain is part of the new U.S.-Israel-Middle East corridor of co-operation that is being developed from the U.S. (and Israel), through the UAE (and Bahrain, Kuwait and, in Continue Reading
An official close to Iran’s Supreme Leader Ayatollah Ali Khamenei has denied rumours on social media about the top authority’s deteriorating health, the semi official Fars news agency reported on Continue Reading
The top U.S. Navy official in the Mideast said Sunday that America has reached an “uneasy deterrence” with Iran after months of regional attacks and seizures at sea, even as Continue Reading
Iran is ramping up oil production capacity in a bid to raise crude sales under US President-elect Joe Biden’s administration after Donald Trump’s “maximum pressure” campaign to curb the country’s Continue Reading
Iraq is committed to all OPEC+ production cut agreements that help contain the volatility in oil prices because OPEC’s second largest oil producer seeks higher prices for its crude exports, Continue Reading
Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with Continue Reading
Iran plans to install hundreds more advanced uranium-enriching centrifuges at an underground plant in breach of its deal with major powers, a U.N. nuclear watchdog report showed on Friday, a Continue Reading
Saudi Arabia’s foreign minister said on Friday a resolution to a bitter dispute with Qatar seemed “within reach” after Kuwait announced progress towards ending a row that Washington says hampers Continue Reading
France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg reported Continue Reading
President-Elect Joe Biden has long signaled he’ll seek US reentry into participation in the 2015 Iran nuclear deal, or JCPOA, brokered under the prior Obama administration. On Thursday Iran issued Continue Reading
What is the Iran nuclear deal? Iran will not accept preconditions from a new Biden administration over its nuclear programme and the US must return to a 2015 deal before Continue Reading
The Public Investment Fund, the sovereign wealth fund of the world’s largest oil exporter Saudi Arabia, has contacted international banks for a loan of up to US$7 billion to use Continue Reading
President-Elect Joe Biden has long signaled he’ll seek US reentry into participation in the 2015 Iran nuclear deal, or JCPOA, brokered under the prior Obama administration. On Thursday Iran issued Continue Reading
Thousands of demonstrators have taken to the streets of Sulaimaniya over the past two days to protest delayed salary payments, raising the pressure on Iraq’s semi-autonomous Kurdistan Regional Government (KRG) Continue Reading
Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd, Bloomberg reported , citing preliminary and historical Continue Reading
Saudi Arabia and Qatar are nearing a preliminary deal to end a rift that’s dragged on for more than three years, prodded by a Trump administration seeking foreign policy wins Continue Reading
Centrifuges in the Natanz uranium enrichment plant in central Iran last year.Credit…Atomic Energy Organization of Iran, via Associated Press Iran passed a law on Wednesday to immediately begin enriching uranium Continue Reading
Various reports that Chinese oil giants, China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are ‘considering acquiring’ U.S. oil titan ExxonMobil’s 32.7 per cent stake in Continue Reading
In September, a senior Iranian commander made an unannounced visit to one of Shi’ite Islam’s holiest sites in the southern Iraqi city of Kerbala. Hassan Pelarak, a top officer in Continue Reading
Iran’s Guardian Council watchdog body approved a law on Wednesday that obliges the government to halt U.N. inspections of its nuclear sites and step up uranium enrichment beyond the limit Continue Reading
A bill requiring Iran’s government to suspend nuclear inspections unless sanctions are lifted, and ignore other restraints on its nuclear program agreed with major powers, was passed by the hardline-led Continue Reading
Iran’s parliament has approved plans to dramatically increase its nuclear enrichment program in contravention of its agreement with global powers as the Islamic regime reels from the aftermath of the Continue Reading
Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss Continue Reading
Countrywide exports of 3.143 million bpd suggest Iraq has reduced output, with OPEC-plus members insisting on full quota compliance as they consider extending cuts. Tankers load at the al-Basra Oil Continue Reading
Iranian lawmakers urged the Rouhani government to restrict United Nations inspections of its nuclear activities and boost uranium enrichment, following the killing last week of a top nuclear scientist. On Continue Reading
Humiliated by the killing of a top nuclear scientist, Iranian officials sought this week to rewrite the attack as an episode of science fiction: Israel had executed him entirely by Continue Reading
