There’s No Getting Around Iranian Sanctions
“I personally think none of us will be able to get around it,” Vitol’s chief executive Ian Taylor said last week, commenting on the effects that renewed U.S. sanctions against Continue Reading
The Battle For Energy Dominance In The Mediterranean
The Eastern Mediterranean is easily one of the most important and hotly contested regions in the world due to several key factors: the Suez Canal is vital to international commerce, Continue Reading
Halliburton wins Saudi Aramco unconventional gas stimulation contract
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or Continue Reading
Russia and Turkey ink pipeline agreement, end gas dispute
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end Continue Reading
Russia, Saudi Arabia Near Deal to Lift Output, Giving Moscow New Sway
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Saudi minister Falih says Aramco IPO likely in 2019
Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the Continue Reading
Iran threatens to withdraw from nuclear non-proliferation treaty
Iran has threatened to withdraw from the international nuclear non-proliferation treaty and demanded that Europe come up with an “economic package” to compensate for Washington’s decision to pull out of Continue Reading
Russia and Saudi Arabia to discuss relaxing oil production caps
Russia and Saudi Arabia’s energy ministers will discuss a potential relaxation of the global oil output cap agreed between Opec and Moscow amid calls for them to boost output after Continue Reading
Iran’s Demands: Europe Must Guarantee It Will Buy Iranian Oil
Iran’s Supreme Leader Ayatollah Khamenei has issued five demands to the European Union (EU)—including Europe guaranteeing Iran’s oil will be completely sold—that European leaders could find quite difficult to meet. Continue Reading
Russian energy minister Novak says Iran risk adds up to $7/b to oil price: report
Russian energy minister Alexander Novak said Thursday geopolitical tensions, including potential re-imposition of Iranian sanctions, has added $5-$7 a barrel to the oil price. Oil prices have reached their highest Continue Reading