Saudi Arabia in short-term oil fix, fears extra U.S. supply next year
Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to Continue Reading
Iran close to accepting global financial rules as sanctions press
Iran is moving closer to accepting international rules on combating financial crime as the authorities struggle to keep banking channels open for oil exports in the face of crippling US Continue Reading
Qatar To Boost LNG Capacity To Seize Market Opportunities
The new export capacity, with projects to be completed in 2024, is expected to bring in billions of dollars more to the state coffers of the tiny gas-rich country, which Continue Reading
Iranian Revolutionary Guards warns Saudi Arabia, UAE to respect its ‘red lines’
Iran’s Revolutionary Guards (IRGC) told Saudi Arabia and the United Arab Emirates on Friday to respect Tehran’s “red lines” or face retaliation, as the United States and its Gulf allies Continue Reading
The Biggest Wildcard In The Iran Sanctions Saga
In the last 24 hours there have been two fascinating media reports about the Iran sanctions: one is a Bloomberg story saying Indian refiners will not buy any Iranian crude Continue Reading
Lawsuit imperils formation of Iraq National Oil Company
A major restructuring of Iraq’s oil sector appears to be delayed — and could possibly be derailed — by a legal challenge. Parliament Speaker Salim Jabouri (center) presides over a Continue Reading
Iraq targets ambitious output jump at Qayara oil field
Highlights SOMO exporting crude from this field Plans to reach 60,000 b/d by end-2018 Refinery tender still pending Amman — Production from northern Iraq’s Qayara oil field, which until last Continue Reading
Will Iran become the next Venezuela?
Truck drivers from the Zarandiyeh steel mill striking. ( Iran’s truckers are on strike for the second time this year, the Middle East Monitor reported yesterday , protesting inflationary insurance Continue Reading
Saudi Arabia Just Made An Unconventional Move To Replace Iran’s Condensate Sales
Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering Continue Reading
Bolton: U.S. Will Be “Aggressive and Unwavering” On Iran Oil Sanctions
The United States will be “aggressive and unwavering” in enforcing the sanctions on Iran and won’t let those sanctions be evaded by the European Union or anyone else, U.S. national Continue Reading