Saudis Ready To Swing Oil Market Into Deficit
Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Crown Prince Mohammed bin Salman, commonly referred Continue Reading
Cyprus Says To Pursue Gas Exploration Amid Standoff With Turkey
Cyprus said on Wednesday it would press ahead with oil and gas exploration, signaling resolve in a standoff with Turkey over access to potential energy riches after Ankara extended military Continue Reading
Vision 2030 & the Political Costs of Saudi Reforms
A pillar of the Saudi social contract has been the allocation of oil rents to the population in exchange for loyalty and fidelity to the Saud clan. A key weakness Continue Reading
Exclusive: Turkey yet to issue Gazprom permit for TurkStream land pipeline
Turkey has yet to issue a permit for Russia’s Gazprom ( GAZP.MM ) to start building the land-based part of the TurkStream gas pipeline, three sources familiar with the matter Continue Reading
Iraq wants oil exported through Turkey
Iraqi Oil Minister Jabar al-Luaibi planning a visit to Turkey to discuss getting oil flowing again to a port on the Mediterranean Sea. Photo courtesy of the Iraqi Oil Ministry. Continue Reading
U.S. Pursues Saudi Nuclear Deal, Despite Proliferation Risk
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Iraq refineries resurgent
Iraq has boosted refining activity in the past year by at least 60,000 barrels per day (bpd), thanks to a patchwork of Oil Ministry projects and initiatives. The ministry has Continue Reading
U.S. Pursues Saudi Nuclear Deal, Despite Proliferation Risk
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Noble Energy, Israel’s Delek to Supply Gas to Egypt in $15 Billion Deal
Investors in Israel’s natural-gas fields agreed to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors that now Continue Reading
Saudi Arabia Wants $70 Oil
As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success, Continue Reading