Businesses and homes alike in the Iranian city of Tehran—along with several other cities—are in the dark—and in the cold–on Monday, the spokesman for the Iran Electrical Power Industry, Mostafa Continue Reading
Given the gaps available to Iran in the current U.S. sanctions environment to continue to export its oil – principally via rebranding as Iraq oil and various shipping scams – Continue Reading
The six countries that make up the Gulf Cooperation Council need to diversify faster away from oil as the transition toward renewable energy picks up pace, putting pressure on the Continue Reading
Saudi Arabia, the world’s largest crude exporter, maintained its exports at close to a year-high of 9.373 million b/d in December as the kingdom dipped into its crude stockpiles, data Continue Reading
The total production from the two oilfields that Saudi Arabia and Kuwait share would reach 550,000 bpd by the end of the year, Kuwait’s Oil Minister Khaled al-Fadhel said on Continue Reading
Iran will never hold talks with the United States under pressure, President Hassan Rouhani said on Sunday, adding that Tehran’s help was essential in establishing security in the Middle East. Continue Reading
Highlights Saudi energy minister gives TV speech Aramco in middle of taking over SABIC Plans to export natural gas, petrochemicals Dubai — Saudi Arabia, the world’s biggest crude exporter, plans Continue Reading
Yemen’s Iran-aligned Houthi movement accused the Saudi-led coalition of carrying out retaliatory air strikes on Saturday that killed at least 30 people including civilians, in the latest flare-up of a Continue Reading
Iraq’s prime minister-designate Mohammed Allawi said he will name members of his cabinet this week, including the oil minister, pending approval of parliament on his choices of ministers for OPEC’s Continue Reading
Hardliners are set to tighten control of Iran this week in a parliamentary election stacked in their favor, as the leadership closes ranks in a deepening confrontation with Washington. Big Continue Reading
Iran will refuse to negotiate with the U.S. as long as Washington maintains its campaign of “maximum pressure”—even if President Trump is re-elected, Iranian President Hassan Rouhani said Sunday. Mr. Continue Reading
The UAE’s nuclear regulatory authority granted the license needed to start the country’s first nuclear plant, paving the way for the Gulf state to be the first in the region Continue Reading
Crude oil production from the neutral zone where Saudi Arabia and Kuwait share output equally will reach 550,000 b/d by the end of the year after a pumping trial from Continue Reading
Fijian soldiers may become guards of strategic assets in the United Arab Emirates under a memorandum of understanding the two countries are to sign after current negotiations conclude, Fijian media Continue Reading
Saudi Arabia and Kuwait, which share two oilfields that have not been pumping oil for five years, have authorized the restart of one of those oilfields as early as Sunday, Continue Reading
One of the biggest liquefied natural gas (LNG) exporters, Qatar, is working with importers in China to reschedule or re-route some oil and gas cargoes to the world’s second-largest LNG Continue Reading
Crude oil from the Wafra field in the Neutral Zone shared by Saudi Arabia and Kuwait could flow again as soon as this weekend after a nearly five-year hiatus, with Continue Reading
In late September, a plane carrying senior Iranian officials touched down in Abu Dhabi, the gleaming capital of the United Arab Emirates. The Middle East had witnessed a summer of Continue Reading
Israel ordered on Thursday natural gas production at the huge offshore Leviathan field be reduced by around 40 percent after a fault was detected in a subsea pipeline leading to Continue Reading
Iran is ready to strike the United States and Israel if they give it any reason to do so, the head of the elite Revolutionary Guards said in a live Continue Reading
When senior officials at many Chinese oil and services companies working in Iraq departed in January, it was a routine rotation timed with the Chinese New Year holiday – until Continue Reading
Sources from Kuwait and Saudi Arabia last week let it be known that trial production of 10,000 barrels per day (bpd) would start at the Khafji field in the ‘Partitioned Continue Reading
The US has again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, a US State Department spokesman said Wednesday. “The US has granted Continue Reading
The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil Continue Reading
At the onset of the Syrian uprising in 2011, Iran started lending its longtime ally, the Bashar al-Assad regime, through a credit line to help it survive the wave of Continue Reading
The United States is inclined to extend the waiver to Iraq to continue importing electricity and natural gas to Iran, which are vital to Iraq’s energy needs, three senior Iraqi Continue Reading
Iran awarded a $1.3 billion contract to a domestic company for improved oil recovery at two onshore oil fields in the southwest part of the country, oil minister Bijan Zanganeh Continue Reading
The collapse of Iran’s gas industry has put the country in a situation where, in addition to a significant reduction in gas exports, inside Iran, citizens are also facing a Continue Reading
Internal divisions in Iraq’s autonomous Kurdistan Regional Government (KRG) have broken into the open, as rival factions feud over a contract to transport liquefied petroleum gas (LPG) from the Khor Continue Reading
Iraq’s top Shi’ite Muslim cleric on Friday condemned deadly violence that killed protesters at sit-ins this week in the southern holy city of Najaf and said a new government must Continue Reading
Iran has not taken further steps to violate its 2015 nuclear deal with world powers since it renounced last month all restraints imposed by the agreement, the head of the Continue Reading
As the deadline for the U.S. to renew its waiver on Iraq importing gas and electricity from Iran approaches later this month, the three key players in this ongoing geopolitical Continue Reading
Hind Al Soulia – Riyadh – Iraq’s political turmoil and the prospect – albeit still remote – of future US sanctions have triggered a warning from one of the country’s Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei attends a public gathering ahead of the 41st anniversary of the Islamic revolution, in Tehran, Iran February 5, 2020. U.S. President Donald Trump’s peace Continue Reading
The Trump administration’s decision to lift sanctions on affiliates of China’s biggest shipping company may not be a sign the US “maximum pressure” campaign on Iran is weakening, but shows Continue Reading
Saudi Arabia and Russia are ready for “further coordination of actions” to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus Continue Reading
Japan has deployed a warship to critical oil shipping lanes in the Middle East, and has authorized use of force for those ships, Reuters reported on Sunday. The decision to authorize force Continue Reading
Populist Iraqi cleric Moqtada al-Sadr urged his followers on Sunday to help security forces clear roads blocked during months of sit-in protests, calling for a return to normal life after Continue Reading
Saudi Arabia produced 9.744 million b/d of crude oil in January, in line with its promise to keep output 400,000 b/d below its new OPEC+ quota, a Saudi oil ministry Continue Reading
Iraq’s crude exports, excluding the semi-autonomous northern Kurdish region, fell 3.5% in January from the month before, according to government data. Separately, the country’s president named a new prime minister Continue Reading
Aside from becoming the number one petrochemicals powerhouse in the Middle East within the next three years, Iran’s priorities in the current U.S. sanctions environment is to increase its production Continue Reading
Turkey deployed F-16 fighter jets against government forces in northwestern Syria on Monday, a sharp escalation of the conflict there after six Turkish soldiers were killed by artillery strikes. President Continue Reading
A diplomatic balancing act has grown more challenging and risky in the month since Soleimani’s assassination. Kurdistan Democratic Party (KDP) leader Massud Barzani (r), meets with Iranian Recent hostilities between Continue Reading
A decision by the United States to lift sanctions on one of two units of the Chinese tanker company COSCO was not a sign that the Trump administration was letting Continue Reading
New Prime Minister Mohammed Tawfiq Allawi appealed to downtrodden Iraqis for their support on Saturday hours after his appointment by President Barham Salih, but protesters were already rejecting the head Continue Reading
The world’s largest oil exporter, Saudi Arabia, significantly raised its crude sales to the world’s largest oil importer, China, in 2019, boosting its exports to China by 47 percent and Continue Reading
Iran’s Deputy Atomic Energy Organization Director Ali Asghar Zarean made a key, provocative announcement on Saturday, saying the Islamic Republic has now passed the low uranium enrichment threshold for a Continue Reading
Saudi Arabia’s air defense forces last week shot down missiles aimed at Saudi Aramco oil facilities, kingdom officials said Wednesday, after Iran-aligned Houthis in Yemen said they had targeted the Continue Reading
Due to the U.S. sanctions on Iran, Tehran is unable to use or transfer US$5 billion in revenues it has received from Iraq for supplying natural gas and electricity to Continue Reading
A crude oil supertanker caught fire in the Persian Gulf, west of the Strait of Hormuz, prompting a warning from naval authorities in the U.K. for ships in the region Continue Reading
