Saudi Arabia’s energy minister Khalid al-Falih on Sunday laid out his case for OPEC and its allies to continue their oil production cuts, despite fraught geopolitics, saying global supplies are Continue Reading
Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday Continue Reading
The powerful Lebanese Hezbollah militia has thrived for decades on generous cash handouts from Iran, spending lavishly on benefits for its fighters, funding social services for its constituents and accumulating Continue Reading
While global oil markets are accustomed to factoring geopolitical uncertainty into oil prices, this kind of geopolitical fallout hasn’t been seen for a number of years. The world’s largest oil Continue Reading
A major oil deal between Iraq and Exxon Mobil was “very close” but had been slowed by Exxon’s decision on Saturday to evacuate its international staff from the West Qurna Continue Reading
Given the U.S.’s deployment earlier this month of an aircraft carrier battle group to the Persian Gulf and comments that it may send up to 120,000 troops to the Middle Continue Reading
iran’s Supreme Leader, Ayatollah Seyyed Ali Khamenei, on May 14, 2019 — a week after US Secretary of State Mike Pompeo had visited Baghdad and reportedly met with a senior Continue Reading
Drone attacks on pipelines in Saudi Arabia and the mysterious alleged sabotage of tankers near Fujairah sent pulses racing, but a phony war in the Persian Gulf failed to trigger Continue Reading
Jeddah, Saudi Arabia — Iraq can revert to fuel-switching if the country loses or has reduced access to Iranian gas for its power needs, Iraq’s oil minister Thamir al-Ghadhban told Continue Reading
Iraq’s oil minister on Sunday blasted ExxonMobil for evacuating its foreign staff from the West Qurna 1 field, saying all international oil companies working in the country have a secure Continue Reading
