No single country speaks as the unified voice of OPEC as decisions must be made collectively, the Iranian oil minister said, according to state media. Members of the Organization of Continue Reading
After the handshakes, the signature ceremony and the diplomatic pomp of the historic meeting between President Trump and Kim Jong-un of North Korea, many Iranians could come to only one Continue Reading
An Arab military coalition invaded Yemen’s main Red Sea port on Wednesday, threatening to worsen what is already the world’s most severe humanitarian disaster by disrupting the pipeline that millions Continue Reading
**China may offer US sanctions compliance for trade concessions **Chinese imports of Iranian crude up 6% from 2017 **Domestic banks, barter system may be used to evade sanctions China, Iran’s Continue Reading
An Arab coalition, led by Saudi Arabia and the UAE, have started their expected military assault on the Yemeni port of Hodeidah. This military operation will most probably decide the Continue Reading
Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen Continue Reading
OPEC pumped more oil last month driven by higher output from Saudi Arabia , the cartel’s de facto leader, which has for more than a year led a coalition of Continue Reading
Saudi oil giant Aramco will be heavily investing in increasing its refining capacity and chemicals business in pursuit of securing more downstream markets for its crude oil, Aramco’s Senior vice Continue Reading
Top oil exporter Saudi Arabia has told OPEC that it raised oil output to a little more than 10 million barrels per day (bpd) in May, a source familiar with Continue Reading
Iraq will look at whether to increase oil output if OPEC decides to lift production at a meeting on June 22, the country’s oil minister said on Monday. Jabar al-Luaibi Continue Reading
