Saudi Aramco Bonds Slide After Record Debut
Saudi Arabia’s state oil giant drew record demand for its debut bond issue. A month on, the debt has hit a rough patch. Yields on the debt of Saudi Arabian Continue Reading
Iraqi oil industry calm amidst U.S. warnings on Iran
Iraq’s oil operations remain stable in the face of rising tensions between Washington and Tehran, despite the U.S. State Department’s decision Wednesday to remove non-emergency personnel from Iraq. According to Continue Reading
Saudi Coalition Targets Houthis In Yemen In Response To Oil Pipeline Attack
The Saudi-led coalition conducted air strikes on Yemen’s capital Sanaa on Thursday, targeting bases of the Iran-aligned Houthis after the Houthis claimed responsibility for the drone attacks on an oil Continue Reading
Iraq maintains OPEC cuts in April
Iraq continued to curtail its oil production in April to meet is OPEC obligations, focusing cuts mainly on state-operated fields in the south. The federal government and the autonomous Kurdistan Continue Reading
THE END OF THE OIL GIANTS: And What It Means
Recently, Saudi Aramco, the world largest oil exporter, has acknowledged that Ghawar, the world largest oil field, is in decline. The news went mostly unnoticed except in the specialized media. Continue Reading
Iran halts some commitments under nuclear deal
Iran has officially stopped some commitments under a 2015 nuclear deal with world powers following an order from its national security council, an informed official in the country’s atomic energy Continue Reading
The Exodus Begins As Foreign Oil Companies Exit Iraq On Security Concerns
ExxonMobil is starting to evacuate its engineers working on Iraq’s West Qurna 1 field due to security concerns, according to Al Arabiya. Earlier in the day, S&P Global Platts reported Continue Reading
Saudi Aramco Restarts Oil Pipeline After Drone Attack
Saudi Aramco restarted pumping oil on Wednesday through the pipeline which was hit by drone attacks on Tuesday, Arab media report. Two pumping stations along Aramco’s East-West oil pipeline in Continue Reading
Saudi Arabia blames Iran for oil attacks, as Houthis say they can do more damage: reports
Highlights Saudi Arabia files complaint to UN Security Council UAE beefs up maritime security OPEC/non-OPEC committee to meet Sun in Jeddah Dubai — Saudi Arabia is directly pointing the finger Continue Reading
Aleppo crippled by fuel crisis
The Syrian regime-held city of Aleppo is in the midst of a fuel crisis. Since early April, fuel shortages have plagued the city, where hundreds of vehicles queue daily at Continue Reading