Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, Continue Reading
Most headlines with “Saudi Arabia” in them seem to feature a hefty sum of money. A US$500-billion smart city here, a US$200-billion solar project there–it’s beginning to look like Saudi Continue Reading
European Union diplomats said there is growing support for imposing new sanctions on Iran as they seek to persuade President Donald Trump to stick by the 2015 nuclear deal between Tehran and Continue Reading
One of the best kept secrets in oil over the past decades has been how much money Saudi oil giant Aramco has been making from extracting what’s probably the lowest-cost Continue Reading
Analysis: US avoids direct Russia confrontation with Syria airstrikes, lowering oil price risk Russia informed of strike targets in advance US officials say attacks ‘one-time shot’ Russia seen unlikely to Continue Reading
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization is Continue Reading
Ending a de-facto policy of economic independence, KRG Prime Minister Nechirvan Barzani promises public-sector salaries that can only be sustained with Baghdad subsidies. Iraqi Prime Minister Haider al-Abadi (center) and Continue Reading
Iranian President Hassan Rouhani has already been dealing with a restless population, after years of disappointing economic performance following incredibly high expectations of rewards from the 2015 nuclear deal. The Continue Reading
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to international companies with ten days, after it amended some of the Continue Reading
Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, Continue Reading
