India’s Iranian Oil Imports Inch Up In September
India imported 528,000 bpd of Iranian oil in September, up by 1 percent from August, due to delays of some August cargoes until Indian refiners received the government nod to Continue Reading
Saudi Journalist’s Disappearance Sends Chill Through Foreign Investors, Firms
Former U.S. Energy Secretary Ernest Moniz this week suspended his work on Saudi Arabia’s new futuristic city, Neom, citing “deep concerns” over Mr. Khashoggi. Dan Doctoroff, the founder of Sidewalk Continue Reading
BP Chief: Saudi Arabia Is Holding Back Production
“I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil & Money Continue Reading
Luiebi named head of new national oil company
Iraq’s Cabinet has named Jabbar al-Luiebi, the current oil minister, to head the new Iraqi National Oil Company (INOC) – giving new momentum to a fundamental restructuring of the country’s Continue Reading
UAE to pump more oil in Oct, Nov to meet customers’ needs: energy minister
The UAE expects to produce more oil in October, November to meet its customers’ requirements after having increased production in the third quarter, energy minister Suhail al-Mazrouei said Thursday. Receive Continue Reading
Total, Saudi Aramco sign accord to build petrochemical complex
France’s Total and Saudi Aramco inked an accord for the front-end engineering and design of a new petrochemical plant in an eastern province of Saudi Arabia. The agreement represents a Continue Reading
Israel Wants To End New Gasoline, Diesel Cars by 2030
Israel’s Energy Ministry unveiled on Tuesday a plan to end the sale of new gasoline and diesel-powered cars by 2030 and replace them with electric vehicles (EVs) and trucks running Continue Reading
IMF: U.S. Sanctions Drive Iran’s Economy Into Recession
Iran’s economy is expected to shrink by 1.5 percent in 2018 and by another 3.6 percent in 2019, the International Monetary Fund (IMF) said in the October update of its Continue Reading
Saudi Arabia to supply about 4 million barrels of extra oil to India in November: sources
Saudi Arabia, the world’s biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said Continue Reading
Iran gets creative to beat sanctions and keep oil flowing
When Donald Trump’s sanctions hit Iran’s oil exports next month, the Islamic republic will not just scramble to find alternative revenues to provide an 80m-strong population with medicine and other Continue Reading