The Federal Government of Iraq (FGI) in Baghdad moved swiftly when the U.S. re-imposed sanctions against Iran, ordering its Oil Ministry to breach part of the supply gap by increasing Continue Reading
The Trump administration is attempting to dial down the tension with Iran, lowering the risk of military conflict and pushing for diplomatic negotiations. On Sunday, U.S. Secretary of State Mike Continue Reading
Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, Continue Reading
U.S. military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, warning any clash between Continue Reading
The Trump administration has delayed new, tougher sanctions on Iran’s petrochemical sector, said people familiar with the matter, as it seeks to dial back tensions that have threatened to spiral Continue Reading
US-led forces have blown up three oil tankers in Syria as the United States increases its pressure on Syria by thwarting the oil trade between the PKK/YPG and the Assad Continue Reading
The Arab countries of the Persian Gulf expressed solidarity with Saudi Arabia and the United Arab Emirates (UAE), supporting all measures that their two allies take to protect their security Continue Reading
The United States will sanction any country that tries to buy Iranian oil after the sanction waivers expired on May 2, regardless of whether said country had reached its negotiated Continue Reading
A series of explosions in Iraqi oil hotpot Kirkuk has killed at least five people and injured 18 more, medical sources reported to Reuters on Thursday . No one has Continue Reading
Iraq lifted a state of emergency which was declared at the Majnoon oil field in the south of the country because of floods, Oil Minister Thamer Ghadhban said on Saturday. Continue Reading
