Iraq is in talks with international companies to help upgrade its oil production and export capacities and an agreement is to be reached soon, Iraqi Oil Minister Thamer Ghadhban said Continue Reading
The United States government is preparing more sanctions against Iran, national security adviser John Bolton told Fox Business News, commenting on what the current sanctions have already helped Washington accomplish, Continue Reading
Iran is calling on OPEC to have its two committees set up to monitor compliance with the OPEC+ deal and review the state of the oil market stop working immediately, Continue Reading
Qatar Investment Authority will pay some US$4.2 billion ( 3.7 billion euro ) for a 14.16-percent stake in Russia’s biggest oil producer Rosneft, thus becoming the third-largest single shareholder after Continue Reading
As Iran sanctions went into effect today following President Donald Trump’s withdrawal from the nuclear accord, Washington has agreed to grant Iraq a key exemption that would spare it from Continue Reading
The Trump administration has dropped the hammer, officially putting sanctions on Iran’s oil exports. Why, then, might Iran’s oil exports actually increase in the near future? The U.S. granted waivers Continue Reading
Kurdistan’s oil sector is on the upswing, with increasing volumes of crude flowing into a newly expanded 1 million barrel per day (bpd) export pipeline, just one year after the Continue Reading
Chinese oil major PetroChina inked 2019 annual crude supply deals with state-owned producers Saudi Aramco and Kuwait Petroleum Corp on Wednesday at a public signing ceremony during the China International Continue Reading
The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare Continue Reading
India’s top banker State Bank of India, which was handling most of the payments to Iran for oil purchases, is now complying with the U.S. sanctions against Tehran, its chairman Continue Reading
