U.S. President Donald Trump on Tuesday proposed the creation of a Palestinian state with a capital in eastern Jerusalem, in an effort to achieve a peace breakthrough with Israel that Continue Reading
After another flare-up of public protests, the Iranian establishment is working to mend internal rifts that have broken into the open as it faces greater pressure than at any point Continue Reading
Washington’s move to ban Iranians from U.S. trade and investment visas has generated plenty of headlines, but the move is largely meaningless and should not be considered an intensification of Continue Reading
U.S. troops blocked on Sunday a Russian military convoy from accessing oilfields in Syria’s northeast, in the fourth such skirmish in eight days, Turkish news outlet Daily Sabah reported . Continue Reading
The Al Ahdab oil field in Iraq has resumed oil production after a week’s suspension that followed protests from security guards at the field, Bloomberg reports . Production has resumed Continue Reading
A motion for Iran to quit the nuclear Non-Proliferation Treaty (NPT) was introduced in parliament on Tuesday, the assembly’s news site ICANA reported, in a move that appears to raise Continue Reading
Iraqi government security forces on Saturday took back ground from protesters in Baghdad and Basra, in an apparent bid to quell the demonstrations that have lasted for nearly four months Continue Reading
Following the new wave of cold weather blanketing Iran in recent weeks, natural gas consumption by the Iranian households has hit new record highs, ringing warning bells about possible problems Continue Reading
Iraqi security forces fired teargas and live bullets in clashes on Sunday with protesters angered by high-level corruption who resisted with stones and petrol bombs, Reuters witnesses and security sources Continue Reading
Iraqis flocked to join anti-government protests after an influential cleric withdrew his support and security forces moved to quash the four-month-old uprising. A wave of students headed to protest sites Continue Reading
Nearly two years after awarding development and exploration deals in a bidding round to foreign oil companies , Iraq’s Cabinet on Thursday authorized the Oil Ministry to sign all six Continue Reading
A suspected militia rocket attack on the U.S. Embassy in Baghdad wounded one person late Sunday, officials said, underscoring the growing risks to personnel there amid calls for an end Continue Reading
The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Continue Reading
The Pentagon said on Friday that 34 service members had been diagnosed with traumatic brain injury following missile strikes by Iran on a base in Iraq earlier this month, a Continue Reading
New US sanctions aimed at shutting down illicit petroleum and petrochemical trade between Iran and China will not substantially impact China’s status as the top importer of Iranian crude, with Continue Reading
All options are on the table for the next summit of the OPEC+ coalition in March, including further cuts in oil production, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, Continue Reading
Nearly five years into a devastating civil war that has spiraled into a humanitarian crisis, Yemen continues to pump a trickle of oil. Receive daily email alerts, subscriber notes & Continue Reading
There is a lot more to last week’s decision by the U.K., France, and Germany to trigger the dispute resolution mechanism in the 2015 Joint Comprehensive Plan of Action (JCPOA) Continue Reading
As it struggles with its energy needs, Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the Continue Reading
The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran’s state-owned National Iranian Oil Company (NIOC) Continue Reading
A Future Energy Summit in Abu Dhabi last week displayed the whole universe of systems and technologies that will be required for a post-carbon world. More than 100 providers of Continue Reading
Iranian-backed Shi’ite factions have exhorted Iraqis to turn out for a “million-strong” march on Friday aimed at whipping up anti-American sentiment as the United States’ struggle with Iran plays out Continue Reading
The European Union is eyeing long promised punitive measures against Turkey for its illegal military incursion into northern Syria, as well as its unauthorized natural gas drilling off Cyprus’ coast. Continue Reading
Despite OPEC constraints, Iraq set an all-time record for production in 2019 while building significant, new spare capacity. Iraqi Drilling Company staff complete a rehabilitation of the Mansuriya-2 well in Continue Reading
A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is Continue Reading
Highly leveraged U.S. exploration and production (or E&P) companies have lately been struggling with dwindling valuations and endless bankruptcies as investors lose their appetite for shale while private equity markets Continue Reading
UK-based supemajor BP has withdrawn from the Kirkuk oilfield in northern Iraq after its field study contract expired, and no deal was signed for a potential expansion, likely because of Continue Reading
Iraq may have serious problems in securing its energy needs if the United States doesn’t extend a waiver for an Iraqi bank to process payments for Iraq’s imports of electricity Continue Reading
If America doesn’t need Saudi oil anymore, why is it still wooing crown princes, especially when American public opinion isn’t really on board? A Business Insider poll from September 2019 Continue Reading
Iran said on Monday it could quit the global nuclear Non-Proliferation Treaty (NPT) if European countries refer it to the U.N. Security Council over a nuclear agreement, a move that Continue Reading
An Iranian lawmaker announced a 3 million dollar award to “whoever kills Trump”, Iranian semi-official News agency reported. “On behalf of people of Kerman province, we will pay 3 million Continue Reading
Escalating protests in Iraq have led to a halt in production at the Al Ahdab oil field, which pumps some 70,000 bpd, Bloomberg reports , citing an unnamed source from Continue Reading
The parliament of Jordan has voted to approve a draft law that would ban natural gas imports from Israel. According to local media reports, the parliament voted to ban the Continue Reading
Over and above its OPEC+ deal quota – with which it has only ever been marginally acquainted, at best – Iraq’s ambition to dramatically increase its oil production is now Continue Reading
Saudi Arabia’s economy is expected to grow by 1.9 percent this year, the International Monetary Fund (IMF) said on Monday, revising down its forecast of 2.2-percent growth from just three Continue Reading
Somalia has invited Turkey to carry out offshore oil exploration works in the territorial waters of the African country, Turkish President Recep Tayyip Erdogan said on Monday, as reported by Continue Reading
Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily Continue Reading
Iranian Foreign Minister Mohammad Javad Zarif will not attend the World Economic Forum’s annual meeting in Davos this week because its organizers had “abruptly changed its agenda”, its foreign ministry Continue Reading
Iran’s steps in reducing commitments to the 2015 nuclear deal are over, Iran’s Foreign Minister Mohammad Javad Zarif said on Monday, according to the parliament’s news site ICANA. “The steps Continue Reading
Turkey called on Sunday for the European Union to end what it said was the bloc’s prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling Continue Reading
Lebanese rescuers treated more than 300 people for injuries during hours of clashes between security forces and protesters that rocked central Beirut on Saturday night. It was the highest toll Continue Reading
Iraq finished 2019 with its lowest monthly production average of the year due to OPEC cuts and a brief output drop at its most prolific field. Workers move equipment at Continue Reading
Qatar plans to develop a 800 MW solar power plant near the capital Doha, in partnership with France’s Total and Marubeni of Japan as the Middle East state accelerates its Continue Reading
Russia under President Putin has regained some of the global importance that it lost after the breakup of the Soviet Union. During the Cold War, Moscow had a significant presence Continue Reading
Iran’s economy could contract by as much as 14% this year as US sanctions strangle its oil exports and cut revenues by $50 billion, US State Department Iran envoy Brian Continue Reading
Turkish President Tayyip Erdogan has called on Europe to support its work in Libya, where it is providing military support to the internationally-recognized government if it wants to end the Continue Reading
Iran’s supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days Continue Reading
France has deployed a radar system on Saudi Arabia’s eastern coast that faces the Persian Gulf to help the Kingdom protect its vital oil infrastructure, which was hit by attacks Continue Reading
Iraqi security forces killed at least one protester and wounded 25 others on Friday when they launched tear gas canisters to break up a crowd trying to breach Baghdad’s Sinak Continue Reading
The central achievement of the Iran nuclear deal – keeping Tehran at arm’s length from nuclear weapons – is eroding. The 2015 accord’s many restrictions on Iran’s atomic activities were Continue Reading
