More oil found in the Kurdish north of Iraq
Though it’s too early to make any estimate on the reserve potential, British energy company Genel said it found more oil in the Kurdish region of Iraq. Genel has a Continue Reading
Yemen’s ex-president Saleh shot dead after switching sides in civil war
Veteran former president Ali Abdullah Saleh was killed in a shooting on Monday after switching sides in Yemen’s civil war, abandoning his Iran-aligned Houthi allies in favor of a Saudi-led Continue Reading
Britain’s Genel finds oil bearing reservoirs in north end of Taq Taq field
(Reuters) – Genel Energy Plc said on Monday that one of its wells, drilled to appraise the northern end of its Taq Taq oilfield in Kurdistan region of Iraq, encountered Continue Reading
The Man Behind The Oil Price Rally
The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is Continue Reading
Iran’s Elaborate Sanction-Skirting Scheme
Turkish authorities and banks cooperated with Tehran in the development of a scheme aimed at providing Iran with international markets for its gas in exchange for hard currency that was Continue Reading
Saudi Arabia and Russia reach compromise on oil pact: Kemp
Ministers from OPEC and their allies have agreed to extend their production pact all the way to the end of 2018 but with a review in June that will take Continue Reading
Iraq says southern oil exports set a record
The Iraqi Oil Ministry said exports from southern ports set a record, but more work was needed to make up for losses from issues in the north of the country. Continue Reading
Iraqi exports shoot to near-record levels
Federal Iraq earned more monthly oil revenue in November than it has since October 2014, due to rising oil prices and a nearly 5 percent jump in exports. The new Continue Reading
The UAE Plans The Last Few Decades Of Its Oil Game
Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with its Continue Reading
No easy solution for stranded Kirkuk crude
The Oil Ministry is considering a pipeline to link Kirkuk oil fields with domestic refineries, and issuing a tender for rebuilding the export pipeline to Turkey. Iraqi Oil Minister Jabbar Continue Reading