Kurdish oil production passes target rate
Production from an oil field in the Kurdish north of Iraq moved beyond its original target rate with the tapping of another well, Norway’s DNO said Monday. The company said Continue Reading
Iraq Security Forces Disperse Oil Field Sit-Ins
Iraq’s security troops have dispersed two sit-ins in southern Iraq, one at a key oil field, local media report . The field is West Qurna-1, one of the biggest in Continue Reading
Norwegian Firm Exceeds Targeted Kurdistan Oil Production
Norwegian oil and gas operator DNO ASA said on Monday that it had put a fourth well into production at the Peshkabir oil field in Iraq’s northern region of Kurdistan, Continue Reading
Saudis Won’t Suspend Oil Exports To The West
Aramco is unlikely to suspend West-bound crude oil exports after the Houthi missile attacks against two Saudi tankers in the Bab el Mandeb strait, The National reports citing oil analysts. Continue Reading
Aramco’s Next Plan To Raise Billions Of Dollars
The Aramco IPO may now be history, put on indefinite hold several weeks ago, but Saudi Arabia’s funding needs have never been greater. As a result, 32-year-old Crown Prince Mohammed Continue Reading
Unladen Saudi VLCC crosses Bab el-Mandeb despite temporary halt
An unladen Saudi-owned VLCC crossed the key Bab el-Mandeb strait over the weekend, a few days after the kingdom temporarily halted all its oil shipments through the southern tip of Continue Reading
Saudi VLCCs gather off Oman after Bab el-Mandeb ban
London — Saudi-owned VLCCs have started to gather off the southern coast of Oman after state-owned Saudi Aramco temporarily halted oil shipments through the Bab el-Mandeb strait at the bottom Continue Reading
‘Enemies’ destroying Iran’s economy, central bank chief says
The head of the Iranian central bank said it was monitoring the swift devaluation of its currency, the rial, as U.S. economic pressure on the country mounts. “Enemies are out Continue Reading
Iran’s Rial at Historic Low as U.S. Sanctions Loom
Iran’s local currency hit another record low against the U.S. dollar Monday, extending a historic slide on concerns about new American sanctions due to be imposed next week. Scrambling to Continue Reading
Trump offers to meet Iran leaders without preconditions
President Donald Trump said on Monday he was willing to meet the leaders of Iran without any preconditions, opening the door to possible negotiations with the Tehran regime just months Continue Reading