Saudi Arabia, the world’s largest crude exporter, has taken steps to revive economic growth hurt by the COVID-19 pandemic and oil price crash, including making an unprecedented transfer of government Continue Reading
Iran and Venezuela have been moving closer together for years. The relationship began to flourish after Venezuela hosted the 2006 OPEC summit when then-Venezuelan President Hugo Chávez formed a personal Continue Reading
France, Germany, and Britain on Saturday criticized a U.S. decision to end sanctions waivers allowing work on Iranian nuclear sites designed to prevent weapons development. “We deeply regret the U.S. Continue Reading
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent Continue Reading
Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions Continue Reading
– Much to Turkey’s dismay, the EastMed gas pipeline project has been approved by the Cypriot cabinet, and studies are currently in progress. The consortium comprises Cyprus-Greece-Israel for the 1300-mile Continue Reading
Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before , Iran is operating at full tilt to optimise the oil available Continue Reading
Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the Continue Reading
US oil imports surged last week, with almost half of the extra crude arriving from Saudi Arabia, as foreign producers took market share from the struggling American shale patch. The federal Continue Reading
Russia and Saudi Arabia agreed to closely coordinate on the OPEC+ output cuts deal, two weeks ahead of a crucial meeting of the group. The talks between President Vladimir Putin and Continue Reading
The Trump administration is ending sanctions waivers that allow Russian, Chinese and European companies to do work at sensitive Iranian nuclear sites, following an internal battle between Iran hawks and Continue Reading
With Rosneft having effectively taken control of Kurdistan’s oil and gas sector in northern Iraq through the deal done in November 2017, Russia had been looking to leverage this presence Continue Reading
Iraq’s oil-rig count has tumbled by almost two-thirds this year after international oil companies were ordered to cut spending because of the oil crash and OPEC’s second-largest producer agreed to Continue Reading
Russia became the top crude oil supplier to China last month, overtaking Saudi Arabia with an average of 1.75 million bpd versus 1.26 million bpd for Saudi Arabia, Reuters has Continue Reading
Iran plans to stop exporting gas condensates and instead refine the volumes domestically to produce gasoline and naphtha, oil minister Bijan Zanganeh said Monday. Receive daily email alerts, subscriber notes Continue Reading
A second tanker dispatched by Iran was welcomed Monday by Venezuelan naval frigates and helicopters as it entered national waters, a lifeline for embattled Venezuelan President Nicolás Maduro that reflects Continue Reading
Businesses in Iran, including those deemed “high risk,” should resume work Tuesday, the state-run Islamic Republic News Agency reported, citing the head of the Tehran Chamber of Trade Unions. The Continue Reading
The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela’s El Palito refinery, Iran’s English-language Press TV reported on Monday. Iran is providing Venezuela with 1.53 Continue Reading
Libyan military commander Khalifa Haftar raised the prospect of a dangerous new escalation in the North African country’s war with a threat to target Turkish forces backing the internationally recognized Continue Reading
Letter from Iraqi finance minister to KRG prime minister offers a one-time, $338 million payment – and continuing negotiations for a new budget deal. Newly appointed Finance Minister Ali Allawi Continue Reading
Coronavirus is believed to be spreading throughout Yemen, where the health care system “has in effect collapsed”, the United Nations said on Friday, appealing for urgent funding. Referring to aid Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei called on Palestinians on Friday to continue their uprising against Israel, suggesting the Israeli government was a “tumor” that should be confronted until Palestinians Continue Reading
In an era of depressed oil prices and budget disputes, the KRG has lost most of the revenue that underwrites its economy, and has no clear plan for bridging its Continue Reading
Iran will support any nation or group that fights Israel, Supreme Leader Ayatollah Ali Khamenei said on Wednesday. “We will support and assist any nation or any group anywhere who Continue Reading
Iran’s top health official appealed to Iranians to avoid travelling during the Eid al-Fitr religious holiday later this month to avoid the risk of a new surge of coronavirus infections, Continue Reading
Saudi Arabia and other Persian Gulf Arab countries are seeing a sharp spike in coronavirus cases, prompting governments to reimpose some restrictions that had been lifted late last month ahead Continue Reading
Even before the latest slew of announcements regarding the agreement by Saudi Arabia’s flagship oil and gas company, Aramco, to acquire a 70 percent stake in the Kingdom’s key petrochemicals Continue Reading
Dozens of foreign staff of the Basra Gas Company (BGC) were sent from Basra to Rotterdam and London Wednesday afternoon, as payment disputes led to protests inside company facilities in Continue Reading
One night last December, the chief resident physician at a hospital in the Iranian city of Gorgan was asked to consult on a baffling case: a patient was racked with Continue Reading
Arash Khamooshi for The New York Times When Iran began to reopen late last month, commuters packed subways and buses, young people lined up for takeout hamburgers and pizza, and Continue Reading
Saudi Arabia knows about head-spinning change. “One day there was nothing, the next day there was everything,” a business student, Noura Khalid, 23, said in Riyadh in December, describing how Continue Reading
After years of increasing tensions that nearly led to war, Iran has moderated its approach to the West, shifting from a policy of provocation to one of limited cooperation. The Continue Reading
A child receives medical treatment after a sarin gas attack in the town of Douma, Syria on April 08, 2018. According to initial findings over 78 civilians perished in the Continue Reading
The Iranian cartoon shows two traditional healers, including a turbaned cleric, preparing to treat a coronavirus patient on all fours with beakers of camel urine and violet leaf oil, remedies Continue Reading
Americans will be expelled from Iraq and Syria, Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, renewing Iran’s demand for U.S. troops to be withdrawn from the Middle East. Continue Reading
Emirates Group is considering slashing about 30,000 jobs, the deepest cuts yet in a global airline industry that’s been forced into near-hibernation by the coronavirus pandemic. The world’s biggest long-haul carrier Continue Reading
Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank Group Corp.’s technology investment vehicle, according to people familiar with the matter. The Public Continue Reading
Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the state-run Islamic Republic News Agency reported. On Sunday Iran’s Ministry of Continue Reading
Kuwait and Saudi Arabia agreed to stop production from the Al-Khafji crude oil field – part of their shared Neutral Zone – as of June 1, according to a source Continue Reading
The Lebanese love their food. Their elaborate spreads of grilled and sauteed meats, colorful salads and various vegetable dips, usually garnished with pine nuts, are a source of pride and Continue Reading
Iraq’s oil ministry said Monday there are no plans to shutter the al-Ahdab oil field in the southeastern province of Wasit due to protests in OPEC’s second largest oil producer, Continue Reading
The Kurdistan semi-autonomous region of Iraq is ready to hand over to the federal government 250,000 barrels per day (bpd) of oil production and the oil revenues it generates, Middle Continue Reading
For nine years, Syrian President Bashar al-Assad has waged a brutal civil war against his enemies and allowed his friends to profit from it. Now, he’s squeezing those same allies Continue Reading
Guards take the temperature of people entering a mall in Riyadh, Saudi Arabia, on May 12. Muhammed, right, has worked as a mall security guard for the past six years. Continue Reading
Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had Continue Reading
A small and tedious-looking announcement of the ratification of a bylaw relating to the issuance of securities appeared on Iranian government-affiliated websites last week and was unsurprisingly ignored by the Continue Reading
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asia’s largest Continue Reading
The Islamic State group capitalized on deteriorating U.S.-Iraqi relations as a pandemic further distracted the unfinished fight against it. An official ceremony at Balad base for Iraq to receive four Continue Reading
Saudi Aramco has informed at least one Japanese refiner that it will reduce the refiner’s June-loading crude allocations by 20%-40%, a source at the Japanese refiner told S&P Global Platts. Continue Reading
Saudi Arabia announced late Tuesday that the whole country would go into 24-hour lockdown for the five-day holiday marking the end of the holy month of Ramadan in 10 days. Continue Reading
