Saudi Arabia oil minister Khalid al-Falih said on Saturday that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019. The Organization Continue Reading
Five vessels from the Turkish military have stopped a drillship commissioned by an Italian company to drill in the waters offshore Cyprus, an official said. The Cyprus News Agency reported Continue Reading
Saudi Arabia has hired an international law firm specializing in energy regulation in its efforts to extract a favorable agreement on civil nuclear cooperation from the United States. Newly published Continue Reading
Aramco said to have mulled Feb. sale via Motiva unit to Asia State-run Saudi firm decided sale was unviable for the month Even Saudi Arabia wants in on the U.S. Continue Reading
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that for Continue Reading
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national Continue Reading
S&P Global Platts released a blockchain-based product that “will allow market participants to submit weekly inventory oil storage data” to the United Arab Emirates’ Fujairah Oil Industry Zone (FOIZ) and Continue Reading
Iraq’s oil production remained strong in January, averaging about 4.548 million barrels per day (bpd), roughly in line with the trend that rounded out 2017 as a breakout year . Continue Reading
Italy’s Eni is diverting a drillship that had been preparing to explore for gas in Block 3 offshore Cyprus after a standoff with Turkish military vessels in the area, a Continue Reading
The exaggerated attention on ‘peak demand’ for oil, a point in time when demand growth for oil peaks and has started to decline, is misplaced, the authors argue, partly because Continue Reading
