Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
OPEC’s second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data. Receive daily Continue Reading
A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from Continue Reading
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting an Continue Reading
French oil giant Total SA recently notified Iran that it had left its project in the South Pars natural-gas field. Iran now expects crude exports to drop as buyers cut Continue Reading
Iran has remained within the main restrictions on its nuclear activities imposed by a 2015 deal with major powers, a confidential report by the U.N. atomic watchdog indicated on Thursday. Continue Reading
S&P Global Platts today cited a Japanese government official as saying it was not giving up the fight for a sanction waiver on the grounds that it would cause grave Continue Reading
OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil Continue Reading
Technologies “provide a competitive advantage…whether it’s for one shareholder or several shareholders,” said Aramco’s Chief Technology Officer Ahmad Al-Khowaiter in an interview at the company’s Dhahran headquarters. Creative Energy State-run Continue Reading
In a development that must be hard to stomach for the political elite in Tehran, many Iranians are turning to U.S. dollars to offset the impact of sanctions and a Continue Reading
