Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other Continue Reading
Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude, adding that the two countries would not be able to produce Continue Reading
Saudi Arabia will pump 10.7 million bpd of oil in October and will slightly raise this level in November, Saudi Energy Minister Khalid al-Falih said at an energy forum in Continue Reading
Moscow — Saudi oil minister Khalid al-Falih Thursday said geopolitical tensions and speculators were behind the recent rise in oil prices to four-year highs, not collusion by OPEC and its Continue Reading
Rising global oil prices will not deter the Trump administration from pushing sanctions forward on Iranian crude exports in November, several analysts told S&P Global Platts Tuesday. Receive daily email Continue Reading
Iran’s oil minister reiterated on Tuesday that U.S. President Donald Trump was responsible for rising oil prices, and warned that the only way to bring balance to the market was Continue Reading
President Donald Trump ‘s tough words for OPEC could have some real teeth if the No Oil Producing and Exporting Cartels Act of 2018 gains momentum. The proposal, being kicked Continue Reading
International sources are reporting that the world’s largest oil company will look for around $50 billion from international banks, largely to be used to finance a majority stake in Saudi Continue Reading
Kuwait has not sent any crude oil to the United States for at least four weeks, EIA’s weekly petroleum reports for the last four weeks, which also include a weekly Continue Reading
Iran and Syria signed on Tuesday a memorandum of understanding under which Iran will build a power plant in Syria’s coastal city of Latakia in a project worth US$475 million Continue Reading
