Does The U.S. Really Need Saudi Oil?
“Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped Continue Reading
Trump’s Impossible Decision Over Saudi Arabia
The chips are finally starting to fall in place for Saudi Arabia over the killing of dissident Saudi journalist Jamal Khashoggi last month. Early Thursday, Denmark announced that it had Continue Reading
What Explains The Sudden Plunge In Iranian Oil Exports?
Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get Continue Reading
U.S. targets Iran-Russia network over oil sent to Syria
The United States has moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Continue Reading
Saudis Boosted Oil Exports, Pumped At Record Level In Early November
Saudi Arabia’s crude oil exports hit their highest in 20 months in September, while the Kingdom’s production in early November appears to have hit the highest on record, on the Continue Reading
U.S. Sanction Waivers Boost China’s Demand For Iranian Oil
Iran’s largest oil customer China is set to continue importing robust volumes of Iranian crude at least through the end of this year thanks to the U.S. waivers to eight Continue Reading
Why Aramco Abandoned The $40 Billion Bond Sale
Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in Continue Reading
Iraq’s Oil Exports From Kirkuk Could Reach 400,000 Bpd
Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Continue Reading
Saudi Arabia wants to cut oil supplies, but Trump complicates the plan
In the nine days since Saudi energy minister Khalid al-Falih declared in Abu Dhabi that OPEC and its allies were considering production cuts in 2019, oil prices have plummeted almost Continue Reading
U.S. targets Iran-Russia network over oil sent to Syria
The United States has moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Continue Reading