Iran Resumes Storing Oil In Tankers As U.S. Sanctions Approach
Iran has started to store oil in its own tankers off its coasts ahead of the U.S. sanctions on its oil exports that are expected to cut Tehran’s ability to Continue Reading
Iraq prime minister faces calls to step down
Iraq’s Western-backed prime minister Haider Al-Abadi is facing growing domestic discontent as veiled criticism from the country’s top Shia cleric and violent street protests threaten his attempts to form a Continue Reading
August production soars as Iraq grabs market share
Nationwide oil production grew steeply again in August, as the federal government continued to unlock field capacity in the wake of loosening OPEC constraints. Combined output from the federal government Continue Reading
Iran Says Oil Revenues Jump 60% In March-July
Iran’s crude oil and oil product revenues in the first four months of the Iranian year beginning March 21 until July 23 jumped by 60 percent on the year to Continue Reading
Iran’s oil output falls to 3.52 million b/d in August as US sanctions loom: EIA
Iranian crude production fell 200,000 b/d from July to 3.52 million b/d in August as US sanctions loom, and apparent hedging activity indicates some traders are preparing for a potential Continue Reading
The Qatar-China LNG Deal Is A Game Changer
PetroChina has just inked a deal to buy 3.4 million tonnes per annum (mtpa) of LNG from QatarGas in a move representing the Chinese firm’s largest ever to date LNG Continue Reading
OPEC Outages Are Driving Up Oil Prices
Last week, rioters burned down several buildings in Basra, a major city in Southern Iraq and home to most of the country’s oil production. Despite its oil riches, southern Iraq Continue Reading
Iraq replaces Saudi as top oil supplier to India in August: data
Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a Continue Reading
Erdogan Accuses U.S. Of Supplying Oil To Syrian Rebels
Turkey’s President Recep Erdogan has lashed out at the United States, accusing Washington of supplying crude oil to a rebel group calling itself the People’s Protection Units, or YPG, which Continue Reading
Gulf Keystone Resumes Investing On Boosting Kurdistan Oil Production
London-listed independent operator and producer Gulf Keystone Petroleum said on Monday that it would resume investing in the Shaikan oil field in Iraq’s Kurdistan Region, aiming to boost production to Continue Reading