The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases Continue Reading
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major Continue Reading
Iraq’s federal government has roughly doubled the amount of its monthly transfer to the autonomous Kurdistan Regional Government (KRG) — a sign of a deepening relationship of interdependence between Baghdad Continue Reading
The US could extend waivers from sanctions on Iranian crude and product purchases if current sanctions on Venezuela significantly impact global oil supply and prices, Brian Hook, the US State Continue Reading
Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing. The deal is likely to accelerate the Continue Reading
U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, seeking to get them to help the administration’s effort to boost Continue Reading
Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western Continue Reading
U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, Continue Reading
Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output well below 10 million bpd, a Saudi Continue Reading
Iranian President Hassan Rouhani is seeking to boost economic links with Iraq on his first official visit to the neighboring country, at a time when the U.S. is upping efforts Continue Reading
