Qatar’s Ace-In-The-Hole Against The Saudi Boycott
Qatar’s Minister of Commerce and Industry said on Sunday that the country’s trade surplus reached $52 billion in 2018. This amount comes as the gas-rich kingdom pushes back against a Continue Reading
Exclusive: Saudi’s Falih – U.S., China driving oil demand; no April OPEC policy change
Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to Continue Reading
Iran oil ministry denies mismanagement allegations from Ahmadinejad
Iran’s oil ministry said on Sunday that it had been receiving revenues from selling oil despite difficulties caused by U.S. sanctions, denying allegations made by former President Mahmoud Ahmadinejad over Continue Reading
Kuwait oil minister: Oil prices are good for producers, consumers – Al Rai
Kuwait’s Oil Minister Khalid al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday. Al Rai cited al-Fadhil saying “current oil prices are Continue Reading
Saudi Arabia to cut crude oil exports in April: Saudi official
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
Saudi Aramco’s board to meet to approve SABIC bond plan: sources
Saudi Aramco’s board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan that will likely help finance a potential acquisition of a Continue Reading
CERAWeek: With sanctions, Iran, Venezuelan oil output to fall by 1.76 mil b/d in 2019, EIA forecasts
Crude oil production capacity in Iran and Venezuela will fall by a combined 1.76 million b/d if US sanctions on these countries remain in place, the International Energy Agency said Continue Reading
Oil Police interdict Kirkuk-area smuggling operation
Iraqi Oil Police fought a two-hour gun battle with smugglers tapping a remote well in the Jambur oil field this week, the latest incident in an uphill battle the Iraqi Continue Reading
Saudi Arabia’s Feb crude oil output 10.1 million b/d, March to go lower: official
Saudi Arabia produced 10.1 million b/d of crude oil in February, well below its quota under an OPEC/non-OPEC supply accord of 10.31 million b/d, an official in the kingdom told Continue Reading
Saudi, Indian Oil Ministers To Meet On Saturday
The oil ministers of Saudi Arabia and India will meet on Saturday, Reuters quoted India’s Oil Minister Dharmendra Pradhan as saying on Friday. Although the Indian minister did not go Continue Reading