Saudi Arabia Raises Asia Oil Prices as Crude Surges
Saudi Arabia raised oil prices for its main market of Asia after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased pricing for all grades for Asian Continue Reading
Saudi Aramco Looks to Sell $50 Billion Stake in Fresh Share Listing
Saudi Arabia has restarted plans to list more shares of Aramco, the world’s most valuable oil company, according to people familiar with the company’s strategy, with an ambition to sell Continue Reading
Turkey And Israel Could Work Jointly To Ship Gas To Europe
Turkey is interested in resuming talks with Israel about using Israeli natural gas and transporting it to Europe, Turkish President Recep Tayyip Erdogan said on Friday, as carried by the Continue Reading
OPEC’s No.2 Fails To Reach Oil Output Quota
OPEC’s second-largest producer, Iraq, is one of the OPEC+ members struggling to boost its oil production as much as its quota in the pact allows, with January output 120,000 barrels Continue Reading
January oil revenues soar to decade high despite dip in exports
Iraq exported 3.619 million barrels per day (bpd) in January nationwide, a slight decline from December, but high oil prices led to monthly revenue levels unseen in a decade.Iraq’s federal oil Continue Reading
U.S. Sees Iran’s Nuclear Program as Too Advanced to Restore Key Goal of 2015 Pact – WSJ
The Biden administration expects a restored nuclear deal would leave Iran capable of amassing enough nuclear fuel for a bomb in significantly less than a year, a shorter time frame Continue Reading
Arab Gulf’s Only Coal-Fired Power Plant to Switch to Gas
The Hassyan power station near Dubai. Dubai plans to convert the Hassyan power station, the Arab Gulf’s first and only coal-fired power plant, to use natural gas. The move will Continue Reading
KRG extends gas pipeline network, raising potential for exports
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) is extending its gas pipeline network toward the Turkish border — a project that promises to unlock gas supplies at multiple fields, increase domestic Continue Reading
New Energy Deals Are Transforming Geopolitics In The Middle East
China has been attempting to expand its One Belt, One Road project through the Middle East by heavy funding of energy projects in the region. Ever since the 1973 Arab Continue Reading
Islamic State hits back, aided by power vacuum in Iraq and Syria
Security forces jostle for control in parts of Iraq, Syria Rivalries undermine security and play into militants’ hands Islamic State launches series of big attacks including on prison Armed forces Continue Reading