Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s Continue Reading
While all eyes are on the unfolding crisis in Venezuela, the Trump administration is laying the ground work for its next target: Iran. The greatest source of pressure has come Continue Reading
The Kurdistan region’s two leading political parties have stumbled in their efforts to implement an agreement to form a new government in Erbil and elect a new governor of Kirkuk. Continue Reading
Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. But, a lot of this oil is extra-heavy crude oil, and may not be Continue Reading
Saudi Arabia’s crude oil exports plunged by nearly 550,000 bpd to 7.687 million bpd in December 2019, down from a two-year high in November, as the Kingdom started to limit supply after Continue Reading
Iran has launched the third phase of a new refinery, making the country self-sufficient in gasoline production, Iranian Oil Minister Bijan Zangeneh said on Monday. At the opening ceremony of Continue Reading
Amid increasing tensions between longtime regional antagonists India and Pakistan, Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) pledged $20 billion to Pakistan on his trip to Islamabad on Sunday. Continue Reading
The Arabian Peninsula has, for most of its existence, not been of significant strategic value. The region is mostly dry and, until recently, didn’t produce much the world needed. Saudi Continue Reading
The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source. An Continue Reading
Goldman Sachs thinks Saudi Arabia is leading oil cartel Opec in a policy of “shock and awe,” making bigger than expected supply cuts in an effort to lift pnces. Khalid Continue Reading
