Iraq and Turkey must reach a deal with the Kurdistan Regional Government (KRG) first in order to export oil from the Kirkuk fields in northern Iraq via Turkey, Kurdish officials Continue Reading
German state-owned rail operator Deutsche Bahn [DBN.UL] is phasing out projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred Continue Reading
Turkey faces another big problem after it deals with the immediate impact of its currency crisis : How is it going to pay for its dependence on imported oil and Continue Reading
With U.S. sanctions set to snap back into place, Iran is bracing itself for another period of economic hardship and uncertainty. Critical to the success of the U.S. sanctions program Continue Reading
Iran will send its oil minister, Bijan Zanganeh, to a September meeting of the monitoring committee overseeing OPEC’s supply accord with Russia and other allies, in another bid to preserve Continue Reading
Iraq’s Federal Supreme Court at the Aug. 14, 2018, hearing of a lawsuit by the federal Oil Ministry against Kurdistan’s oil sector. (Source: Federal Supreme Court media office) Iraq’s Federal Continue Reading
Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/non-OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students’ News Agency Continue Reading
On Monday, the head of the international office of China Petroleum and Chemical Industry Federation (CPCIF) Andrey Yu, said that “Chinese companies need the Iranian oil in any circumstances and Continue Reading
OPEC’s oil production ticked up slightly in July, the cartel said Monday, even as production in Saudi Arabia—the de facto leader of the group—declined. Crude oil output in the Organization Continue Reading
LONDON (Reuters) – OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return Continue Reading
