China committed to Iranian oil and gas
According to state-run media in Iran, Chinese companies are keen on buying oil from Iran despite unilateral sanctions put in place by the United States. Andrey Yu, the head of the Continue Reading
Saudi Arabia trims oil production despite vow to increase output
Saudi Arabia lowered its oil production in July even as the kingdom has pledged to raise output significantly to make up for an expected drop in Iranian exports. Opec’s largest Continue Reading
Elon Musk Met With Saudi Fund About Taking Tesla Private
Elon Musk said Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla Inc. TSLA 0.26% private, as the chief Continue Reading
Why Saudi Arabia’s oil output figures are drawing scrutiny
Saudi Arabia’s oil production is arguably the most important number in the industry, determining whether the market will be under- or over supplied. It is closely tracked by a host Continue Reading
Turkey Turmoil Drags Oil Down
OPEC reported on Monday that Saudi Arabia cut its oil production in July, a surprise move after Riyadh had pledged to ramp up output following the June meeting in Vienna. Continue Reading
Iran’s Khamenei rejects Trump offer of talks, chides government over economy
Iran’s Supreme Leader on Monday rejected U.S. President Donald Trump’s offer of unconditional talks to improve bilateral ties and he also accused the Iranian government of economic mismanagement in the Continue Reading
U.S.-Iran Sanctions Give China Lead in World’s Top Gas Field
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total Continue Reading
Saudi Crackdown On Canada Could Backfire
Like many spats these days, the Saudi Arabia/Canada one started with a tweet . Canada’s Foreign Minister Chrystia Freeland called for the release of Samar Badawi, a women’s rights activist Continue Reading
Who Profits From Iran’s Oil Major Exodus?
Donald Trump’s decision to leave the Iran nuclear deal and slap sanctions on Teheran is the most significant energy development of 2018. The first round of Iran sanctions, in place Continue Reading
Iran’s Khamenei says mismanagement hurts economy more than U.S. sanctions: TV
Iran’s Supreme Leader Ayatollah Ali Khamenei accused the government on Monday of economic mismanagement and said it needed to improve its performance to help the country better weather newly reimposed Continue Reading