Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as Continue Reading
Iraq is reviewing options with Turkey to get oil from a northern field to a port on the Mediterranean Sea. Getting oil flowing again from the fields in Kirkuk in Continue Reading
Iran’s oil minister said Monday that most members of the Organization of Petroleum Exporting Countries back extensions to a production cut agreement. On Friday, Phil Flynn , a senior market Continue Reading
Saudi authorities estimate they may be able to recover between $50 billion and $100 billion from settlement agreements with suspects detained in an anti-corruption crackdown that has implicated prominent princes, Continue Reading
Disruptions to Iraqi output and sales seen persisting to 2018 OPEC has to consider political risk pushing up prices: Yergin OPEC has an Iraq problem: the group’s second-biggest exporter is Continue Reading
For those who had not been paying attention to the rise of Saudi Arabia’s Crown Prince Mohammed bin Salman, his recent dramatic detention of fellow princes and other senior figures Continue Reading
Royal Dutch Shell is slated to exit the play in southern Iraq by June 2018, paving the way for other oil majors to take its place. American Chevron and French Continue Reading
Between November 1 and 20, Iraq’s crude oil exports from the south averaged 3.5 million bpd, up by 150,000 bpd from October and close to record highs, as Baghdad tries Continue Reading
Iraq’s security forces have found mass graves inside oil wells in an area in northeastern Iraq close to the oil-rich Kirkuk, and they believe the bodies are of civilians executed Continue Reading
Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 percent stake in its fuel distribution unit, potentially raising up to $2.8 billion. Continue Reading
