Iraq-Iran oil ties hampered by US sanctions
Energy relations between Iraq and Iran are increasingly coming under pressure from the US government, which has forced OPEC’s second largest producer to end a crude supply deal with its Continue Reading
Mohammed bin Salman Meets Resistance—From His Own Bureaucrats
When Saudi Arabia’s powerful energy minister met with Prince Mohammed bin Salman in late 2016, he intended to dissuade the king’s son from taking the world’s most valuable company public. Continue Reading
IS Attacks Oil-Guarding Security Forces In Iraq
Two attacks by the Islamic State in Iraq occurred this weekend, targeting oil police and other security forces, local media report . “One member of an oil police unit died Continue Reading
Iran criticizes Greece, Italy for not buying its oil despite U.S. waivers
Iran’s oil minister on Tuesday criticized Greece and Italy for not buying its oil despite U.S. waivers and said they had not offered Tehran any explanation for their decision. The Continue Reading
Kuwait sees risk of oil supply shortage in 2019 due to Venezuela
The head of state-run Kuwait Petroleum Corp, Hashem Hashem, said on Tuesday that global oil supply could be hit this year by big reductions in exports from Venezuela. The Trump Continue Reading
Iraq sustains near-record exports to start 2019
Iraqi crude sales in January hit their second-highest monthly average ever, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for 4.081 million barrels per day (bpd), according Continue Reading
Saudi Arabia encouraged foreign workers to leave — and is struggling after so many did
The departure of more than 1 million foreign workers since 2017 has added to a sense of uncertainty in Saudi Arabia. Mohammed Iqbal joined the throng of foreign workers bound Continue Reading
Qatar, Exxon to proceed with $10 billion Texas LNG project
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility Continue Reading
Saudi Arabia Pitches for Foreign Cash After Spooking Investors
Saudi Arabia has stepped up efforts to woo investors spooked by the killing of dissident journalist Jamal Khashoggi, as it seeks more than $426 billion in private capital to help Continue Reading
What’s Behind Saudi Arabia’s New Downstream Strategy?
Saudi Aramco, the world’s wealthiest albeit state-owned oil company, continues to diversify in downstream investments. On Monday, the storied oil major said it planned to invest up to $1.6 bn Continue Reading