Saudi Arabia is expecting a reduction in crude oil exports next month, despite earlier signs that Saudi Arabia—and Russia—have started to raise production even before the June 22 meeting with Continue Reading
U.S. oil prices rose Thursday after top exporter Saudi Arabia denied having any plans to inundate the market with crude oil to push prices lower, and said instead that its Continue Reading
Saudi Arabia expects its crude exports to drop by roughly 100,000 barrels per day in August as the world’s top oil exporter works to ensure it does not push oil Continue Reading
On Monday, Iranian Foreign Minister Mohammad Javad Zarif said on Twitter that Iran had filed a complaint against the U.S. with the International Court of Justice (ICJ) to “hold [the] Continue Reading
The Iran-aligned Houthi rebels in Yemen say that they targeted Saudi Aramco’s refinery in the Saudi capital Riyadh with a long-range drone on Wednesday, Houthi-run media outlet Almasirah reported . Continue Reading
Clashes between Islamic State militants and U.S.-backed Syrian Democratic Forces (SDF) continue in eastern Syria, where the Islamist terrorists try to keep control over an oil-rich area between the provinces Continue Reading
Widespread civil unrest has begun to diminish in southern Iraq, leaving the country’s oil sector shaken but secure – though protesters have vowed to return. Operations at several oil fields Continue Reading
Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 percent, Norwegian energy company DNO announced Tuesday. After completing testing on its fourth Continue Reading
There is one big hitch in U.S. plans to stem buying of Iranian oil: China. Some in Washington now expect that China will vacuum up much of the Iranian oil Continue Reading
The Trump administration has been going back and forth over how hard it plans on pushing countries to cut their imports of Iranian oil to zero. After softening the tone Continue Reading
