Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to Continue Reading
Dorra/Arash gas field discovered in 1962 Field is partly in Neutral Zone shared by Saudis, Kuwait Iran open to talks with Kuwait, Saudis Iran is set to develop its part Continue Reading
A senior US official has warned that a deal to save the nuclear accord with Iran is neither imminent nor inevitable as diplomatic efforts stall over Tehran’s demand that Washington Continue Reading
Iran said on Saturday that a document signed between Saudi Arabia and Kuwait this week to develop the Durra gas field was “illegal” since Tehran also has a share in Continue Reading
U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, Continue Reading
Iran plans to boost its crude oil production to 4 million barrels per day in the new Persian year. OPEC sources: In February, Iran’s crude oil production was at 2.546 Continue Reading
The UAE is looking to expand its production capacity from 4 million bpd today to 5 million bpd ahead before 2030. The investments in production expansion are also aimed at Continue Reading
The effort to revive the 2015 nuclear deal agreement now hinges on perhaps the most politically sensitive issue in the negotiations: whether to remove the U.S. terrorism designation for Iran’s Continue Reading
U.S. is “seriously considering removing the ‘Foreign Terrorist Organisation’ [FTO] designation from the IRGC. The FTO removal is seen as one of the very last obstacles in the Iran nuclear Continue Reading
Global markets are thirsty for Iraq’s oil, but infrastructure bottlenecks are likely to prevent the country from taking full advantage of high prices and a rising OPEC-plus quota. Iraq’s oil Continue Reading
