The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, part of the Trump administration’s effort to drive Iran’s exports to Continue Reading
Syria has suffered oil shortages since an Iranian credit line was halted six months ago and not one oil tanker has reached the country since then, a pro-government newspaper said Continue Reading
The Kurdistan Regional Government (KRG) is stepping up its crackdown on illegal oil refineries. Under orders from Prime Minister Nechirvan Barzani, equipment at these operations will be impounded to ensure Continue Reading
Saudi Aramco will acquire Royal Dutch Shell’s ( RDSa.L ) 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The Continue Reading
A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent. Iraq’s oil output Continue Reading
It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil Continue Reading
Iraqi Prime Minister Adel Abdul-Mahdi traveled to Saudi Arabia this week and met with King Salman, in a sign of deepening relations between two countries that for years had no Continue Reading
Saudi Arabia continued to slash its oil exports as this year progressed, with February crude shipments dropping by 227,000 bpd from January to just below 7 million bpd, as the Continue Reading
Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be “well balanced” this year. “This year, we have seen the implementation Continue Reading
Saudi Arabia’s oil giant Aramco is in “serious discussions” to buy up to 25 percent of the refining and petrochemicals businesses of India’s largest company, Reliance Industries, The Times of Continue Reading
