Iraq targets major Basra Gulf export expansion
Iraq is pursuing major infrastructure projects to add millions of barrels per day of export capacity, in an effort to keep pace with ambitious plans to raise production. In the Continue Reading
Lukoil to start production at Iraq’s newest massive discovery in 2021
Basra — Lukoil’s massive new discovery in southern Iraq — part of the Russian firm’s sizable growth plans in the Middle Eastern country — will start production in 2021, the Continue Reading
Russia, Syria discuss possible reconstruction of oil and gas assets in Syria: RIA
Russia and Syria have discussed the possible reconstruction of gas transportation infrastructure, underground gas storage facilities, oil and gas production and oil refineries in Syria, Russian Energy Minister Alexander Novak Continue Reading
Goldman: The Oil Market Can Handle Iran Outages
At least two companies in India have lined up oil shipments for November, the month that sanctions on Iran take effect. The 9 million barrels of oil secured for next Continue Reading
A New Era Of Geopolitical Risk In Global Oil Markets
Amid never ending talk and speculation over how many more barrels of Iranian oil will be removed from global markets once sanctions slated to hit Iran’s oil production on November Continue Reading
India ups pressure for Iran sanctions relief while US sticks to hard line
India appears confident that it will be able to keep importing Iranian oil this fall despite US sanctions, signaling that high-stakes negotiations between the two countries will continue up until Continue Reading
Rocked by Trump’s sanctions, Iranian oil exports drops further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S. sanctions and throwing a challenge Continue Reading
Tehran says Saudi Arabia unable to replace lost Iranian oil
Iran’s Oil Minister Bijan Zanganeh has dismissed as “nonsense” claims by the Saudi crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market. “(Mohammed) bin Salman’s remarks Continue Reading
U.S. could issue waivers for Iran crude; oil prices dip Monday
Oil prices were down Monday morning on reports that the United States could issue waivers for countries to continue importing Iranian crude. Brent prices were down more than 50 cents Continue Reading
Iran moves against banking isolation as it faces crude oil sanctions
Iran took a step to combat banking isolation that could hamper any future dealings with nations that currently buy its oil, the country’s state agency reported. The moves come as Continue Reading