Riyadh works to allay India’s concerns about oil prices
India should rest assured that Riyadh will do its part to ensure its economy can move forward in the face of higher oil prices, the Saudi energy minister said. Saudi Continue Reading
Europe to shield energy companies working with Iran
European companies will be protected from U.S. sanctions triggered by President Trump’s withdrawal from the JCPOA, the European Commission president said. Jean-Claude Juncker said Friday there was a unified position Continue Reading
EU launches package to counter US sanctions on Iran
The EU announced a package of measures on Friday to counter US sanctions on Iran, setting up a potential new conflict with Washington as Europe fights to save a landmark Continue Reading
Uncertainty Spikes Following Iraqi Elections
Iraq’s election on May 12 has upended the political landscape in the country. The incumbent Prime Minister, Haidar Al Abadi, lost the election as voters favored Iraqi nationalist Moqtada al-Sadr, Continue Reading
Iran Braces For Lower Oil Exports To South Korea
Iran is expecting to see a decline in its crude oil exports to South Korea as a result of U.S. sanctions on tanker transport, the managing director of the National Continue Reading
Saudi Arabia assures on supply as oil hits $80 a barrel
Saudi Arabia said on Friday it is consulting other oil producers in and outside OPEC to ensure the world has adequate supplies to support economic growth after prices hit $80 Continue Reading
France’s Total warns of Iran exit as EU leaders seek to save economic ties
French energy giant Total joined other European companies in signaling on Wednesday they could exit Iran, casting doubt on whether European leaders meeting to try to salvage the Iran nuclear Continue Reading
Iran signs oil contract with Pergas to develop Keranj field
Iran signed a preliminary deal on Wednesday for a consortium of international companies to develop an oilfield, the first such contract since Washington withdrew from a nuclear agreement and said Continue Reading
Total says it will have to leave Iran without sanctions waivers
French energy company Total said Wednesday it may have to leave an Iranian gas project unless it gets concessions from the U.S. government. U.S. President Donald Trump reinstated sanctions on Continue Reading
French Total Hits The Brakes On Major Iranian Gas Project
Total SA has announced it will not go ahead with its South Pars Gas Project (SP11) unless it is granted a specific project waiver by the United States, along with Continue Reading