Iranian official threatens to seize British oil tanker
The oil tanker is suspected of carrying crude oil to Syria An Iranian official has said a British oil tanker should be seized, if a detained Iranian ship is not Continue Reading
The Real Reason Why ExxonMobil Won’t Go Ahead With $53 Billion Iraqi Megaproject
Last week a small news item went largely unnoticed by the international media but it hints at the real – and until now unpublished – reason why ExxonMobil has not Continue Reading
Oil supertanker bound for Syria detained in Gibraltar
Gibraltar said on Thursday it had detained the supertanker Grace 1 on suspicion of carrying crude oil to Syria in what a legal source said may be the first such Continue Reading
Trump administration lays broad legal grounds for military strike on Iran
As it has contemplated military action against Iran, the Trump administration has opened the door to virtually every legal authority it might use to justify an attack, from tying Iran Continue Reading
Iraq hits half-year oil revenue target
Iraq’s oil exports dropped by 3.5 percent between May and June, though nationwide oil sales – of 3.946 million barrels per day (bpd) * – remain near record levels. Halfway Continue Reading
Rouhani Says Iran Will Begin Enriching Uranium at Higher Level in Days
Iran will “take the next step” on Sunday and begin to enrich uranium beyond the levels specified under its 2015 accord with the United States and other global powers, President Continue Reading
U.S. Considers Allowing China To Import Oil From Iran
The U.S. Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield, Politico reported on Wednesday, citing Continue Reading
Banks scramble to re-pitch for Aramco IPO roles: sources
Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia’s energy minister confirming plans for Continue Reading
Caught In The Middle: Iraq’s Struggle For Energy Independence
The U.S. invasion of Iraq in 2003 completely altered the geopolitical landscape of the Middle East. After Saddam’s forces were defeated, a violent insurgency led to the deaths of 4,487American soldiers Continue Reading
”Maximum Pressure” Campaign Fails To Kill Off Iran’s Oil Exports
U.S.-Iran tensions are once again heating up, even as Iran has so far managed to stabilize oil exports at lower levels. Iran has officially breached the limits of low-enriched uranium Continue Reading