U.S. Nears Return to Iran Nuclear Deal
Iran, the U.S. and other world powers are nearing a deal to revive the 2015 nuclear accord, although negotiators are still wrangling over significant final demands from Tehran, including the Continue Reading
Western Oil Companies Grapple With Uncertainty In Kurdistan
International oil firms working in Kurdistan could face canceled contracts after the Supreme Court of Iraq made two legal rulings on oil sales and contracts. The recent rulings hark back Continue Reading
Kuwait, Iraq target new hydrogen and solar projects
Highlights Kuwait considering blue and green hydrogen pilot Iraq to provide sovereign guarantee for solar projects Baghdad working on long-term technical contract with Acwa Power Iraq and Kuwait are planning Continue Reading
Iran Rises Above Russia On The Oil Market Radar
Iran has risen above Russia on the oil market radar due to reports from multiple sources that a new nuclear deal is very close to being agreed upon. Rumors that Continue Reading
Iraq’s January oil output down by 160,000 bpd
Bad weather at southern export terminals disrupted tanker loadings and forced shut-ins at oil fields, but spare capacity is ready to come online as OPEC quotas rise. Iraq’s federal government Continue Reading
Iraq may import Qatari gas in 15 months if talks, infrastructure finalized
Qatari gas to lower reliance on Iranian energy: minister Iraq’s power outages due to lower Iranian supply Iraq’s power link with Saudi to take 2-3 years to complete Iraq may Continue Reading
Middle Eastern Oil Is Flavor of the Month as Benchmarks Diverge
Crudes from the Middle East are off to a strong start this month as a major divergence in global benchmarks favors grades priced off Dubai oil, highlighting strong global demand Continue Reading
Iraq Ready To Execute Four Game-Changing Energy Projects
According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergies The first of these projects is Continue Reading
Iran deal with oil sanctions relief not a sure bet despite latest US waiver: analysts
Highlights Vienna talks remain top global oil supply risk in 2022 Platts Analytics sees interim deal returning 700,000 b/d The US-Iran talks remain far from certain to reach a deal Continue Reading
Iran heads to become gasoline importer, ready to boost oil output
Iran also expanding refining capacity China to invest $20 bil in oil sector Refining capacity to serve petrochemicals Iran will become a gasoline and gas oil importer in the next Continue Reading