Iraq’s new oil minister Thamer Ghadhban said on Wednesday the current price of crude was “fair” and that the country, OPEC’s second-largest producer, would act responsibly in providing ample supplies Continue Reading
Diplomatic pressure from the United States and Britain, Saudi Arabia’s biggest arms suppliers, abruptly intensified on Wednesday for a cease-fire in the Yemen war, the world’s worst man-made humanitarian disaster. Continue Reading
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently Continue Reading
The deadline for implementation of U.S. sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic. More Continue Reading
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due Continue Reading
A Turkish ship will start drilling for oil and gas in the Mediterranean on Wednesday, Energy Minister Fatih Donmez said, a move that could create tensions with neighboring Cyprus and Continue Reading
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
Depending on who you ask, energy markets would likely be better off without more Saudi-Russia oil and gas cooperation, which will amount to greater clout in the Middle East as Continue Reading
Iraq should be exempted from U.S. sanctions against Iran because of the heavy reliance of the former on the latter for gas and electricity supplies, a senior Iraqi official told Continue Reading
A little over a quarter of a one-million-barrel offering of Iranian crude on the local energy exchange found buyers in the first day of trading, IRNA reports , as Iran Continue Reading
