Saudi Arabia Will Cap The Oil Price Rally
The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day Continue Reading
Iraq, Kurdistan To Discuss 50% Increase In Oil Production
The central Iraqi government will meet with its Kurdish counterparts soon to talk about oil exports from the now semi-autonomous region that tried to gain independence last year. Reuters reported Continue Reading
U.S. Sanctions Strip Iran Of $10 Billion In Revenues
The U.S. sanctions imposed last November on Iran have denied the country some US$10 billion in oil revenues so far, Washington’s Special Envoy for Iran Brian Hook told media. The Continue Reading
Turkey says trying to convince U.S. to allow Iranian oil imports
Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Continue Reading
Saudi, UAE overstate their oil capacities: Iran oil minister
Iranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirates overstate their oil capacities, Iran’s state news agency IRNA reported on Friday. The comments were in reaction Continue Reading
This Country Will Be Critical For The Oil Industry’s Future
Iraq will play a crucial part in meeting global oil demand over the next decade, according to a new report from the International Energy Agency (IEA). Iraq is expected to Continue Reading
Investment To Hit $1 Trillion In The World’s No.1 Energy Hub
Countries in the Middle East and North Africa (MENA) region have a total of US$1 trillion in committed and planned investments in the energy sector over the next five years Continue Reading
Iran’s Zarif warns U.S. of ‘consequences’ over oil sanctions, Strait of Hormuz
The United States must be prepared for consequences if it tries to stop Iran from selling oil and using the Strait of Hormuz, Iran’s Foreign Minister Mohammad Javad Zarif warned Continue Reading
Iran’s Top Diplomat Warns U.S. Against Oil Blockade, Offers Prisoner Swap
Iran’s foreign minister said Iran would continue to sell its oil despite expanded U.S. sanctions, and warned of unspecified consequences if the U.S. tried to block oil sales that go Continue Reading
A New Middle East Mega-War Is Unfolding Right Before Our Eyes
Iran is leading a new bloc , with Turkey and Qatar, intent on remaking the greater Middle East. The Iranian leadership recognizes that this drive might lead to a regional Continue Reading