Islamic State militants have bombed an oil pipeline in Kirkuk, northern Iraq, the top security official of the Kurdistan government told local news outlet Rudaw. The terrorists launched two bombs Continue Reading
Turkey, Russia and Iran reached an agreement to conduct bilateral trade in their own currencies, and to avoid the use of US dollars, Turkey’s state-owned Anatolia news agency reported. Receive Continue Reading
Saudi Basic Industries Corp (SABIC) on Tuesday signed a memorandum of understanding (MOU) with China’s Fujian provincial government to build a petrochemical complex. SABIC is the third company to announce Continue Reading
At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in October and as they look Continue Reading
Violent protests in this oil-producing city have dealt a fateful political blow to pro-American Prime Minister Haider al-Abadi, all but ending his bid for a second term as both allies Continue Reading
The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to the most transparent market, the United States, which reports crude oil Continue Reading
India will be looking at the economics—and not the politics—of importing U.S. crude oil, and Indian imports of American oil should not be seen as a replacement for Iranian barrels, Continue Reading
U.S. Energy Secretary Rick Perry will meet Saudi Energy Minister Khalid al-Falih on Monday morning in Washington, the Department of Energy said, as the Trump administration encourages big oil-producing countries Continue Reading
It was the latest example of how Tehran is quietly leveraging its Iran Foreign Investments Co. to loosen the Trump administration’s tightening economic noose. The fund, with dozens of investments Continue Reading
Demonstrations flared in Basra this month after thousands fell ill because the water supply was contaminated, and intensified last week after several protesters were killed. Protesters burned the offices of Continue Reading
