Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp ( 9984.T ) to build the world’s biggest solar-power-generation project, the Wall Street Journal reported on Sunday, citing Continue Reading
The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in the world of oil. After all, Saudi Arabia is the Continue Reading
Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this Continue Reading
China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Continue Reading
China’s top refiner Sinopec is halving its oil imports from Iran as of September, bowing to pressure from the United States, which is seeking to bring Iranian oil exports down Continue Reading
Saudi Arabia is poised to steadily increase production to compensate for the Iranian oil that will be subject to U.S. sanctions starting Nov. 5. Saudi Arabia hasn’t said anything publicly, Continue Reading
While oil traders have been generally punting to the “November Iran sanctions” as the reason why in recent weeks a bevy of $100 oil forecasts have emerged (even if Goldman Continue Reading
Saudi Arabia’s oil giant Saudi Aramco is expected to pick up an additional 550,000 bpd of oil production capacity from two giant oil fields in the fourth quarter, so it Continue Reading
Outside of northern Iraq’s fortified urban centers, insurgents have prevented resettlement in rural areas and are now causing residents to flee from villages previously considered safe. One year after the Continue Reading
On Friday the State Department announced it is evacuating all non-essential personnel from the US consulate in Basra, Iraq . The drastic move comes after a month of heavy anti-Iran Continue Reading
