When a business delegation met Crown Prince Mohammed bin Salman recently, they were surprised to hear a candid admission about Neom, his $500bn mega plan to turn virgin Saudi shoreline Continue Reading
China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said in a tweet he had discussed the state of the oil market with U.S. Energy Secretary Rick Perry on Monday in Dhahran, Saudi Continue Reading
War is inherently risk-intense, and therefore is not by any to be entered into unadvisedly or lightly. The more comprehensive the engagement the less predictable the outcome. So it is Continue Reading
Exports of Iranian oil have improved since early November, Iran’s president Hassan Rouhani said in a statement broadcast live on state TV on Tuesday. The United States imposed sanctions on Continue Reading
Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 30 cents above the Platts Oman/Dubai average for January, $1 lower than Continue Reading
Saudi Arabia’s oil minister Khalid Al-Falih said Friday the kingdom produced 11.1 million barrels per day (Mmbpd) in November, but should reduce production by 400,000 Bpd in December amid lower Continue Reading
U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, the U.S. Department of Continue Reading
Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not Continue Reading
Iraqi oil exports in November fell 80,000 b/d to 3.809 million b/d as an increase in flows from the Kurdistan region was offset by a fall in loadings from the Continue Reading
