Iran’s defiant stance comes as its currency plummets and foreign investors pull out, largely due to rising tension between Washington and Tehran. In May, President Trump pulled the U.S. out Continue Reading
The United States constantly sends messages to Iran to begin negotiations, Iranian President Hassan Rouhani said on Saturday in a speech broadcast on state television. Tensions ramped up between Iran Continue Reading
The U.S. Department of Treasury announced sanctions against five Syrian companies and four individuals on allegations of facilitating crude oil shipments and financing to the Assad government, Reuters reports , Continue Reading
Saudi Arabia is putting its crude production capabilities – and its ability to balance the oil market – to the test. The kingdom finds its oil production policy at a Continue Reading
Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt imports as sanctions are imposed on Tehran, U.S. Secretary of State Mike Pompeo said Continue Reading
Iran’s oil exports have been falling much faster than expected, but Tehran is hoping to avoid the worst, deploying some creative solutions to keep exports from crashing too much. Iran’s Continue Reading
The new fund would buy into technologies that benefit Aramco’s sprawling operations but don’t necessarily focus on energy, the people familiar with the venture said. Aramco wants to locate tech Continue Reading
The governor of a southern Yemeni province pumping 100,000 bpd—half of Yemen’s total oil production— threatened on Thursday to suspend oil shipments from the region if the internationally recognized Yemeni Continue Reading
Rioters burned down several buildings including those belonging to political parties in Basra on Thursday as protests continued to escalate into broader civil unrest, increasing the threat to the heart Continue Reading
Despite the fact that production and export figures presented by Iraqi sources are showing a significant improvement, optimism should be tempered. Iraq continues to head towards a major showdown between Continue Reading
