Saudis Won’t Cut Oil Production On Their Own
Saudi Arabia is going to do whatever it takes to stabilize the oil market, but it can’t and won’t do it alone without a collective decision from the OPEC and Continue Reading
The Real Cost Of Saudi Arabia’s Gas Ambitions
The world’s liquefied natural gas (LNG) market will become even more competitive within the next several years. Saudi Arabia, the world’s largest oil exporter, is now vying to become a Continue Reading
Iran Suspends Gas Exports To Iraq After Earthquake
Iran halted late on Tuesday gas exports to neighboring Iraq for several days, in order to repair pipeline damages caused by an earthquake near the Iraqi border on Sunday night, Continue Reading
Iraq Looks To Squeeze Out Resellers Of Its Crude
Iraq is increasingly edging out resellers of its Basra crude grades on the spot market as its state oil marketing company SOMO aims to have greater share and control over Continue Reading
Saudis Say Nuclear Energy Will Speed Up Economic Development
Saudi Arabia’s plans to build a nuclear power plant will speed up the Kingdom’s economic development as it would diversify its over-reliance on crude oil, a Saudi energy expert told Continue Reading
Iraq Looks To Seize Greater Oil Market Share In Asia
Iraq has allocated 67 percent of its 2019 oil sales to Asia, the country’s oil ministry said on Tuesday, as OPEC’s second-biggest producer aims to sell more of its oil Continue Reading
How Much Oil Production Will The Saudis Cut?
Donald Trump continues to take credit for lowering oil prices. So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, Continue Reading
Iraqi power supply plunges with Iran gas pipeline outage
Power generation plummeted Tuesday after the shutdown of a pipeline carrying natural gas from Iran, which provides more than one-quarter of Iraq’s electricity feedstock. “The pipeline delivering gas to Iraq Continue Reading
Iraq southern oil exports around 3.3 million bpd in November: oil executives
Iraq’s crude oil exports from its southern ports on the Gulf stood at around 3.3 million barrels per day (bpd) so far in November, three oil executives said on Tuesday. Continue Reading
Iraq approves China drilling deal for West Qurna Two oilfield: sources
Iraq has approved a $156.74 million drilling deal with China’s Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday. Under the 24-month Continue Reading