Over the past few months, oil market participants and analysts focused on OPEC’s production cuts, soaring U.S. shale output, the U.S.-China trade dispute, projections of slowing oil demand growth, and Continue Reading
Saudi Arabia’s crude oil exports continued to fall at the start of this year after OPEC’s largest producer started to aggressively cut oil supply in December last year to prevent Continue Reading
Iran’s President Hassan Rouhani officially launched four new development phases at the giant South Pars offshore gas field, which will add 110 million cubic meters to the daily output of Continue Reading
Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts, and even exceed it, in weeks to Continue Reading
Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to “stay the Continue Reading
Iranian President Hassan Rouhani said on Monday that the government would file a legal case in Iran against U.S. officials who imposed sanctions on the country as a precursor to Continue Reading
n southern Iraq, where the Euphrates and Tigris rivers meet, the Fao peninsula was once known for its swathes of henna plants and palm trees. But the lush greenery of Continue Reading
Novatek Chairman of the Management Board Leonid Mikhelson takes part in a signing ceremony on the sidelines of the – Leonid Mikhelson, chief executive of Russian gas giant Novatek, said Continue Reading
A Saudi human rights commission said on Thursday that it was bringing those accused over the murder of Saudi dissident journalist Jamal Khashoggi to justice. However, the commission also rejected Continue Reading
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Continue Reading
