The United States is “in the midst of an internal process” of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said Continue Reading
Iranian natural gas sales are also prohibited under the sanctions, which could scuttle Tehran’s ambition to boost exports of the commodity. Iran holds the second-largest natural-gas reserves in the world. Continue Reading
Opec and its allies have been responding to requests from the US for increased oil production and doing what they can to prevent prices rising, Saudi Arabia’s Crown Prince Mohammed Continue Reading
The KRG’s two dominant political parties had been rebuilding a strategic partnership, but their bitter contest over the Iraqi presidency has injected new volatility into their rivalry. Barham Salih’s contentious Continue Reading
Saudi Crown Prince Mohammed bin Salman said the kingdom has met its promise to Washington to make up for Iranian crude oil supplies lost through U.S. sanctions. “The request that Continue Reading
ExxonMobil plans to begin drilling for oil and gas offshore Cyprus sometime this quarter, a senior executive said on Friday, while Turkey warned again on Thursday against exploration offshore Cyprus Continue Reading
Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious Continue Reading
Saudi Arabia’s crude exports to the United States fell sharply in September as U.S. oil refiners began seasonal maintenance that has allowed crude inventories to rise, data from Refinitiv Eikon Continue Reading
Reuters reports : Iraq’s agriculture ministry said on Thursday it would reduce its 2018-2019 winter crop planting area by 55 percent due to a water shortage. Iraq will grow around Continue Reading
Saudi Arabia will spend US$20 billion on boosting its oil production capacity in the coming years, Energy Minister Khalid al-Falih said, as quoted by Reuters. Earlier this week, the Kingdom’s Continue Reading
