Saudi Arabia’s energy minister warned traders against shorting oil prices. Saudi Arabia’s energy minister warned traders against shorting oil, saying OPEC+ could react quickly to any fall in prices. OPEC+, Continue Reading
Saudi minister says FDI up 33% in first six months of 2021 Investment remains below earlier targets Riyadh raises stakes with more ambitious investment goals Lack of major FDI announcements Continue Reading
The National Iranian Oil Company (NIOC) will change from January 1 the benchmark against which it prices its crude for Europe and the Mediterranean—a move which traders tell Argus could Continue Reading
Saudi Arabia expects to book its first budget surplus in close to ten years in the next financial year, coming in at 2.5 percent of gross domestic product or $24 Continue Reading
Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading toward a phase that could be Continue Reading
The stated U.S. aim when indirect U.S.-Iranian talks resume this month is to see if the two can revive a 2015 nuclear deal, but Washington’s unspoken goal may be to Continue Reading
Israel asked the Biden administration last week to speed up the delivery of refueling tankers that could prove critical to striking Iran’s nuclear facilities, but it was told that the Continue Reading
French Foreign Minister Jean-Yves Le Drian and German Foreign Minister Annalena Baerbock arrive for a family photo at the Museum of Liverpool during the G7 summit of foreign and development Continue Reading
1 of 2 In this satellite photo by Planet Labs Inc., a support vehicle stands parked alongside a massive white gantry that typically houses a rocket on the launch pad Continue Reading
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) has run up nearly $5 billion worth of debt to power producers — a major factor complicating efforts to improve electricity service and attract Continue Reading
