Iran said last month that it would quadruple its production of low-enriched uranium The head of the global nuclear watchdog has confirmed Iran is increasing its production of enriched uranium. Continue Reading
U.S. sanctions on Iran’s oil industry were bound to be good news for fellow OPEC producers in the Middle East even if it wouldn’t have been good manners to acknowledge Continue Reading
A month or so ago U.S. President Donald Trump extracted a promise from Saudi Arabia that it would pump more oil to mitigate the risk of oil price spikes resulting Continue Reading
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Continue Reading
Among a network of alleyways and cobbled streets in Jeddah’s old town more than 20 stores are firmly shuttered, “for rent” signs plastered on large wooden doors. Traders in adjacent Continue Reading
Russia and Saudi Arabia are holding talks about investments worth tens of billions of U.S. dollars in various energy projects, Russia’s Energy Minister Alexander Novak said at an economic forum Continue Reading
Iran has no plans to leave the Organization of the Petroleum Exporting Countries, Oil Minister Bijan Zanganeh said in an interview published by the Iranian parliament news site ICANA on Continue Reading
Turkey said on Friday that Turkish Cypriots had rights to a share of the island’s offshore resources, days after the Greek Cypriot government agreed a revenue deal with a U.S. Continue Reading
The United States sanctioned Iran’s largest petrochemical holding group on Friday for supporting the Islamic Revolutionary Guard Corps (IRGC), a step it said aimed to dry up revenues to the Continue Reading
Battles intensified in northwest Syria on Friday after insurgents mounted an attack to repel an army offensive that has pounded the country’s last major rebel stronghold for weeks. State news Continue Reading
