Iran slams U.S. for seeking Saudi oil output hike, says OPEC won’t comply
Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said Continue Reading
Saudis Start to Ramp Up Oil Output, Ahead of OPEC Meeting
Saudi Arabia has started boosting oil production after two years of curtailing output, a move that gives Riyadh a jump on other OPEC producers who are expected to open the Continue Reading
Trump reportedly requested Saudi oil support before Iran nuclear decision
A day before U.S. President Donald Trump withdrew from the Iran nuclear deal, one of his senior officials phoned Saudi Arabia to ask the world’s largest oil exporter to help Continue Reading
Trump requested Saudi oil support before Iran nuclear decision – sources
A day before U.S. President Donald Trump withdrew from the Iran nuclear deal, one of his senior officials phoned Saudi Arabia to ask the world’s largest oil exporter to help Continue Reading
Kuwait exposed to risk from volatile oil prices
Kuwait faces credit risks because national policies are behind the curve when it comes to supporting non-hydrocarbon growth, Moody’s Investors Service found. Early this year, Fitch Ratings found Kuwait’s credit Continue Reading
Iranian Oil Production Could Be About To Plunge
The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from Continue Reading
Iraq starts exporting first crude oil cargo through IOTC
Iraq has started shipping crude oil through its Iraqi Oil Tankers Company (IOTC) for the first time since 1991, the oil ministry said on Wednesday. The two million barrel cargo Continue Reading
Saudi Arabia ‘revisiting’ policy on oil output cuts, India says
India’s oil minister said on Wednesday Saudi Arabia and other OPEC producers are “revisiting” their output-cutting policy, referring to a discussion he had with his Saudi counterpart. “For the first Continue Reading
Swift shows impact of Iran dispute on international business
It is a mid-sized Belgian business that oils the wheels of global finance from a tranquil lakeside south-east of Brussels, across the road from a 19th-century château. But the peaceful Continue Reading
Anti-Qatar Threats Could Jeopardize OPEC Meeting
The OPEC meeting on June 22nd could become a major showdown of internal conflicts. The media has been focusing on the possible split between the Arab producers and Iran, and Continue Reading