Iraq’s federal government has begun exporting oil through the autonomous Kurdistan Regional Government’s (KRG) pipeline to Turkey, under a temporary political agreement that could eventually add over 200,000 barrels per Continue Reading
Even if some Japanese refiners resume Iranian oil purchases thanks to the U.S. waiver, refiners have just a small window to clear all related transactions, so they are likely to Continue Reading
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. Continue Reading
Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East Continue Reading
Abu Dhabi National Oil Company (ADNOC), one of the largest producers within OPEC, is undergoing a dramatic transformation. ADNOC’s CEO has made several statements suggesting that the NOC is set Continue Reading
An influx of militants from Syria is fueling the self-proclaimed Islamic State (IS) militant group’s ongoing guerrilla war in Iraq – underscoring the extent to which Iraqi security forces are Continue Reading
Japanese refiners are considering resuming Iranian oil imports from January following Washington’s recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether Continue Reading
Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions Continue Reading
The US granted Iraq a 45-day waiver to sanctions on dealing with Iran to allow Baghdad to continue to pay for natural gas and electricity imports in the face of Continue Reading
Oil production cuts may be coming After rising strongly this year on concerns about future supply shortages, oil prices have been sliding of late, recently hitting $70 a barrel. That Continue Reading
