Saudi Arabia’s next oil move in spotlight after Trump call
US president Donald Trump has called on Saudi Arabia to increase oil production by an extra 2m barrels a day, as he tries to keep oil prices in check while Continue Reading
Saudi Arabia Won’t Bring 2 Million Bpd Online
President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news Continue Reading
India preparing for cut in oil imports from Iran
India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November, two industry sources said, the first sign that New Delhi Continue Reading
U.S. Hopes Saudi Arabia, Russia Can Offset Loss Of Iran Oil Supply
U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of Iranian oil supply. “I Continue Reading
US Softens Stance On Countries Buying Iranian Oil
The United States will work with countries importing Iranian oil on a case by case basis to get as many of them as possible “down to zero” by early November, Continue Reading
India Prepares For Drastic Reduction Of Iranian Oil Imports
India’s oil ministry has told local refiners to get ready for a “drastic reduction or zero” oil imports from Iran, industry sources told Reuters on Thursday, a sign that India—Tehran’s Continue Reading
Saudi-Russian axis rules oil markets as Trump fights Iran
Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is Continue Reading
The Saudis Won’t Prevent The Next Oil Shock
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving Continue Reading
Supreme Court delays crucial oil rights ruling
Iraq’s Federal Supreme Court has given lawyers until Aug. 4 to present additional documents in the federal government’s case against the Kurdistan region’s independent oil policy, and set the next Continue Reading
The Saudis Won’t Prevent The Next Oil Shock
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving Continue Reading