Less than a year ago, he was running a thriving computer accessories business, driving a new car and renting a comfortable two-bedroom apartment in the center of Tehran. But last Continue Reading
Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s Continue Reading
Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 barrels per day (bpd) as most of the crude produced is being diverted Continue Reading
Iranian President Hassan Rouhani presented a $42.7 billion budget to parliament for next year, the first since the U.S. reimposed sanctions on the Islamic Republic after President Trump in May Continue Reading
Following Wednesday’s unexpected and dramatic full and “immediate” withdrawal of all U.S. forces from Syria, Turkey has announced it will not play ball on Iran sanctions. According to a translation Continue Reading
The Syrian Civil War has gone through several phases over the course of seven years and it now appears to be entering another one. Government forces have regained control over Continue Reading
Iran’s proposed state budget for the coming year points to a 3.7 percent decline in revenues in rial terms, as US sanctions continue to bite. The budget bill — proposed Continue Reading
Iraq is willing to extend the OPEC and non-OPEC oil production cut agreement in April, oil minister Thamir Ghadhban said on Sunday. Ghadhban said he agreed with the Saudi oil Continue Reading
Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries and production policy will be decided based on the study, Continue Reading
Energy planners in Saudi Arabia must be scratching their heads in wonder, even possibly despair. The oil-rich kingdom had picked itself up after threats of near economic collapse in 2015-2016 Continue Reading
