The fate of the Iran nuclear deal could be sealed this week as the leaders of France and Germany visit Washington and make a last-ditch effort to persuade US President Continue Reading
The global market has the capacity to absorb higher oil prices, Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh has said. Faleh’s statement at a meeting of oil producers Continue Reading
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part Continue Reading
All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday. UAE’s Oil Continue Reading
European leaders are exploring further sanctions on Iran over its ballistic missile programme and regional meddling, as well as more extensive inspection of its atomic sites as they try to Continue Reading
Saudi Arabia is rumored to want oil prices at $100 per barrel , but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials Continue Reading
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part Continue Reading
Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in U.S. dollars and plan to keep it going for five years, RT reports citing Energy Continue Reading
Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil Continue Reading
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
