VTB, Russia’s second biggest lender, is ready to provide a loan to Qatar to buy out a stake in Russian state energy company Rosneft if needed, the bank’s chief executive Continue Reading
Saudi Arabia is maneuvering to push oil prices up to at least $80 a barrel this year, shifting away for now from its long-time role as a stabilizing force in Continue Reading
The Trump administration has secured European backing to impose sanctions on Iran should it ever seek to develop an intercontinental ballistic missile. The agreement addresses one of US president Donald Continue Reading
Iran’s foreign minister said on Thursday U.S. demands to change its 2015 nuclear agreement with world powers were unacceptable as a deadline set by President Donald Trump for Europeans to Continue Reading
President Donald Trump is expected to pull the United States out of the Iran nuclear agreement on May 12. Tehran signed the Joint Comprehensive Plan of Action, with China, France, Continue Reading
Saudi Arabia is apparently eager to adopt blockchain technology in its oil industry “and that’s huge,” according to one of the earliest blockchain developers Nick Spanos. Speaking to Bitcoin magazine, Continue Reading
Tensions are skyrocketing after Israeli Prime Minister Netanyahu’s claim that Iran has violated the Joint Comprehensive Plan of Action (JCPOA) agreement. This is the deal that was meant to shut Continue Reading
Saying the United States is likely to walk away from a U.N.-backed nuclear agreement next week, OPEC-member Iran said it was making budget preparations. U.S. President Donald Trump needs to Continue Reading
China’s Sinopec will cut its June imports of crude from Saudi Arabia by 40 percent for the second month in a row because of unjustified high prices, an official from Continue Reading
It could take five years for Saudi Arabian oil production to return to levels from two years ago and that leaves overall GDP constrained, Moody’s said. Saudi Arabia is the Continue Reading
