Iran’s market share starts slipping in Europe
European refiners have started sourcing alternatives to Iranian crude supplies well before new US sanctions on the OPEC producer are due to kick in later this year, according to oil Continue Reading
Rosneft Discovers Oil Field In Iraq
Russia’s Rosneft has discovered a new oil field in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it Continue Reading
Russia shares oil market view with Saudi Arabia
Russia shares many of the same positions of Saudi Arabia when it comes to decision-making about the global oil market, the country’s energy minister said. Russian Energy Minister Alexander Novak Continue Reading
Iran: Trump’s Sanctions Can’t Touch Our Oil
As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian Continue Reading
US willing to talk about Iran sanctions, unwilling to waive them: officials
Following its exit from the Iran nuclear deal, the US is willing to negotiate with European allies on a new agreement, but unwilling to waive sanctions set for re-imposition later Continue Reading
Iran’s Supreme Leader Fires Back at U.S. Demands
Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday scoffed at American demands that his country curb its military ambitions and issued his own set of demands to Europe to remain Continue Reading
Saudi-led Coalition Destroys Houthi Boats Threatening Oil Tanker
The UAE Armed Forces, as part of the Arab Coalition Forces, destroyed two boats of the Houthis militias who were threatening one of the commercial oil tankers in the Red Continue Reading
ZhenHua inks deal for East Baghdad field
Iraq signed a 25-year contract Wednesday with the China ZhenHua Oil Company to develop the southern part of the East Baghdad field, building on the company’s oil production and sales Continue Reading
Senate Democrats want Trump to prod OPEC to lower oil prices
U.S. Senate Democrats on Wednesday urged President Donald Trump to try to prod OPEC to take steps to lower oil prices and suggested that millions of Americans will see tax Continue Reading
Austria’s OMV stands by Iran project but no investment yet
Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran, but said on Tuesday it had made no Continue Reading