Ghadhban reshuffles Oil Ministry leadership team
Three months into his tenure, Oil Minister Thamir Ghadhban has reshuffled his senior staff – his first major initiative to put his imprint on the structure of the ministry. In Continue Reading
Saudi Aramco Makes Existential Bet On Oil
Undeterred by the prospect of peak oil demand, Saudi Arabia is betting its long-term future on oil. Not only is Saudi Arabia pouring investment into lifting oil production capacity at Continue Reading
Iran’s Present Is Shaky, Its Future Is Precarious
It is genuinely difficult to predict what the Iran conundrum would lead to in the end, however, the current setup appears to be a very sophisticated collision course. Quite remarkably, Continue Reading
Kurdistan halts oil exports to Iran
Iraq’s autonomous Kurdistan Regional Government (KRG) issued an order Thursday to end all oil and refined product exports to Iran immediately. The directive will stop the flow of hundreds of Continue Reading
How Much Oil Does Saudi Arabia Really Have?
Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not Continue Reading
Record production continues in January
In light of an OPEC quota agreement, Iraq has made steep cuts at state-run fields, but those reductions are being offset by long-planned increases at IOC-operated projects. Iraqi Oil Minister Continue Reading
Turkish Ships To Start Drilling For Oil, Gas Offshore North Cyprus
Turkish exploration ships will soon start drilling for oil and gas offshore the northern part of Cyprus, the energy minister of the Turkish Cypriots told Turkish Anadolu Agency on Wednesday, Continue Reading
Here’s Why Saudi Aramco May Be Coming To An Oil Field Near You
Saudi Aramco is now planning to explore oil and gas resources outside of the Saudi Arabian kingdom. This is according to a recent interview given by the oil minister, Khalid Continue Reading
U.S. oil output to hit new record above 13 million bpd in 2020: EIA
U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Continue Reading
Saudi Arabia goes on the hunt for global oil and gas
Saudi Arabia plans to develop an international energy exploration and production business for the first time, doubling down on oil and gas even as the kingdom seeks to curb its Continue Reading