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
Saudis Boost Security Measures After Oil Tanker Attacks
Saudi Arabia is trying to boost security measures in place for its oil infrastructure and in territorial waters, Russian media quoted Saudi Energy Minister Khalid al-Falih as saying on Monday, Continue Reading
To Evade Sanctions on Iran, Ships Vanish in Plain Sight
VCG via Getty Images A week ago, a small tanker ship approached the Persian Gulf after a 19-day voyage from China. The captain, as required by international rules , reported Continue Reading
Iraq’s crude exports fell in June to 3.52 mil b/d: SOMO sources
Iraq’s crude exports in June fell to 3.52 million b/d from 3.572 million b/d in May, according to figures provided by the State Organization for Marketing of Oil (SOMO) exclusively Continue Reading
Iran Has Breached Critical Limit on Nuclear Fuel Under 2015 Pact, State Media Reports
Iranian Presidency Office, via Associated Press WASHINGTON — Iran has exceeded a key limitation on how much nuclear fuel it can possess under the 2015 international pact curbing its nuclear Continue Reading
Iran will not block OPEC/non-OPEC oil cut extension, but will veto charter: minister
Iran’s oil minister on Monday said he will veto OPEC’s long-mooted charter intended to formalize its oil market coordination with Russia and nine other non-OPEC partners, if it comes up Continue Reading
U.S.: Saudi Pipeline Attacks Originated From Iraq
Secretary of State Mike Pompeo urged Iraq’s prime minister to take steps to ensure that Iraq isn’t used as a new staging ground for attacks. Iraqi leaders are questioning the Continue Reading
Iran says progress at last-ditch nuclear deal talks ‘not enough’
European countries offered too little at last-ditch talks on Friday to persuade Iran to back off from its plans to breach limits imposed by its nuclear agreement with world powers, Continue Reading
Turkey’s TPAO to start drilling for gas east of Cyprus early July
Turkey’s state upstream operator TPAO will start drilling for gas east of Cyprus in early July, within the Exclusive Economic Zone (EEZ) claimed by the Republic of Cyprus, an official Continue Reading
The Oil Crisis Saudi Arabia Can’t Solve
Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt. Looking at the current volatility Continue Reading