The European Union on Friday urged Turkey to halt what it called its “illegal” prospecting activities in contested waters in the eastern Mediterranean and ordered EU officials to speed up Continue Reading
Iranian soldiers in Tehran, September 2011 A new saying is making the rounds in Iran: power is being sucked away from heads to toes, which is to say, from men Continue Reading
Official Chinese data showed this week that China imported 120,000 barrels per day (bpd) of oil from Iran in July as Beijing returns to reporting crude imports from the Islamic Continue Reading
On Europe’s periphery, tensions involving an array of competing countries are rising. The brewing crisis in Belarus has sparked fears of an armed Russian intervention. And a standoff in the Continue Reading
Turkey will make no concessions in the eastern Mediterranean, President Recep Tayyip Erdogan declared as France announced that it would join naval exercises in the region amid a mounting stand-off Continue Reading
The Caribbean island state of St. Kitts & Nevis has stripped four oil tankers of its flag after an NBC News investigation found that as many as 15 tankers under Continue Reading
One of the three key priorities for Iran – along with completing all of the phases on its supergiant South Pars natural gas field and expanding its value-added petrochemicals sector Continue Reading
The U.S. work to have Iran’s influence on Iraq’s energy sector reduced made progress last week when Iraqi Prime Minister Mustafa Al-Kadhimi visited Washington for high-level meetings with President Donald Continue Reading
Iran held constructive talks with the head of the International Atomic Energy Agency (IAEA) and will fulfill its commitments under the 2015 nuclear deal, but will not accept any additional Continue Reading
Turkey is determined to do whatever is necessary to obtain its rights in the Black Sea, Aegean and Mediterranean, President Tayyip Erdogan said on Wednesday. Speaking at an event commemorating Continue Reading
Iraq’s recent energy deals with US companies were a mixed bag of loose agreements that need to be translated into firm commercial terms at a time when Washington failed to Continue Reading
German Foreign Minister Heiko Maas appealed to NATO allies Greece and Turkey on Tuesday to enter a dialogue and de-escalate military tensions in the eastern Mediterranean, warning of an “abyss” Continue Reading
France is joining military exercises with Italy, Greece and Cyprus in the Eastern Mediterranean amid a worsening dispute between Turkey and Greece over energy resources in the region, Armed Forces Continue Reading
Turkish air and naval forces conducted joint training exercises in the Aegean Sea, the country’s Defense Ministry said Saturday, amid strains with neighbor Greece over hydrocarbon discoveries. F-16 fighter jets Continue Reading
Last May, Iran’s President Hassan Rouhani threatened that there would be a proportionate response to any U.S. attempt to block shipments of Iranian oil to Venezuela. “We will act in reciprocation,” he Continue Reading
The Trump administration is urging Iraq to proceed with a project to connect its power grid with Saudi Arabia and other Gulf states, among steps to reduce Baghdad’s longstanding dependency Continue Reading
According to the strict Islamic tradition in which she was brought up, Sahar should by now be married with children. But while her mother married at 14 and lived with her Continue Reading
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second-largest oil producer can implement multi-billion deals signed with US companies and attract Saudi investments, Continue Reading
But now the parties are moving toward sealing and executing the component deals, which would mark a major rapprochement between Iraq and former Arab adversaries who clashed in the 1991 Continue Reading
Iran’s nuclear body has not said who it believes is behind the fire Iran’s nuclear body has said that a fire last month at a major nuclear facility was caused Continue Reading
Iraq is targeting to reach an oil production capacity of 7 million b/d, compared with 5 million b/d currently, and to stop flaring gas as well as importing fuel from Continue Reading
Two weeks after the devastating explosion that damaged or destroyed large sections of Beirut, former Lebanese President Michel Aoun was asked by French television about the possibility of making peace Continue Reading
Turkey has made a major gas discovery in its sector of the Black Sea with the Tuna-1 well, which is estimated to hold 320 Bcm of gas, Turkish President Recep Continue Reading
The United States was further isolated on Friday over its bid to reimpose international sanctions on Iran with 13 countries on the 15-member U.N. Security Council expressing their opposition, arguing Continue Reading
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second largest oil producer can implement multi-billion deals signed with US companies and attract Saudi Continue Reading
Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in the world, behind the number-one producer, the United Continue Reading
The United States moved to restore all U.N. sanctions on Iran on Thursday, arguing Tehran was in violation of a nuclear deal it struck with world powers in 2015 even Continue Reading
U.S. President Donald Trump on Thursday redoubled his promise to withdraw the few U.S. troops still in Iraq, but said Washington would remain ready to help if neighboring Iran took Continue Reading
Four generations of Ayman Alameer’s family have lived in a large burnt-brick house in this capital’s ancient Old City. He says the house dates back 500 years and in recent Continue Reading
Kuwait is running out of money for the salaries of public servants and will have no money to cover these after November, the country’s finance minister told parliament. Unless oil Continue Reading
The OPEC+ group has as much as 2.31 million barrels per day (bpd) of oil production above the collective quota for May-July to offset in August and September, Reuters reported Continue Reading
Saudi Arabia’s crude oil exports plunged to the lowest on record in June and production fell to the lowest in 17 years as OPEC and its allies continued their campaign Continue Reading
A diplomatic standoff over restoring international sanctions against Iran may be the most vivid example yet of how the United States has largely isolated itself from the world order — Continue Reading
U.S. efforts to have the U.N sanctions on Iran reimposed will have “dangerous consequences,” Iran’s foreign minister Javad Zarif said in a letter to the UN on Thursday, Reuters reported Continue Reading
An attempt by the Basra Oil Company (BOC) to take over logistics operations of Iraq’s offshore oil facilities in the Basra Gulf has led to a rift with Iraq’s ports Continue Reading
President Trump has directed Secretary of State Mike Pompeo to go to the United Nations on Thursday in the first step toward reimposing all U.N. sanctions against Iran, using a Continue Reading
Turkey has discovered energy in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday, but gave no indication of the size and Continue Reading
EU leaders on Aug. 19 reaffirmed their opposition to Turkey’s “illegal” drilling activities offshore Cyprus and agreed that “all options will be on the table” at the next European Council Continue Reading
Saudi Arabia redoubled its crusade for OPEC+ compliance Aug. 19, laying pressure on the alliance’s quota violators to make up for their excess crude production with deeper cuts in the Continue Reading
Chevron would negotiate a joint venture with Iraqi state companies for exploration rights in southern Iraq — a deal that could set a positive tone during a state visit to Continue Reading
Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s energy minister Prince Abdulaziz said today prior to the OPEC+ Joint Continue Reading
The Barakah nuclear plant. The United Arab Emirates connected the Arab world’s first nuclear power plant to the country’s grid and began providing electricity, crossing the final threshold to membership Continue Reading
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus. Rumaila workers at degassing station 3 on July 29, 2020. (ALI AL-AQILY/Iraq Oil Report) Iraq’s monthly Continue Reading
The fate of a fragile 2015 nuclear deal between Iran and world powers hinges on the result of the U.S. presidential election in November, not a planned U.S. bid this Continue Reading
The Abu Dhabi National Oil Company (ADNOC) sees a robust return of oil demand, mainly from China, ADNOC Group’s chief executive Dr. Sultan Ahmed Al Jaber told IHS Markit Vice Continue Reading
Saudi Arabia kept up the pressure on OPEC+ nations that have been exceeding their oil-output targets, hours before a meeting to discuss their agreement. King Salman bin Abdulaziz called Nigerian President Continue Reading
Four tankers whose cargoes were seized by the U.S. over the past month were heading to Venezuela with gasoline loaded in Iran, according to Iranian Oil Minister Bijan Namdar Zanganeh. Continue Reading
Attendees stand near Chevron signage during the World Gas Conference. Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Iran signed on Monday a total of 13 oil contracts with 14 domestic firms, which will raise the Islamic Republic’s oil production capacity by 185,000 barrels per day, the oil Continue Reading
