Greed and intrigue grip Saudi Arabia
A prime minister vanishes. A ballistic missile explodes. An Arab prince rounds up some of his relatives on corruption charges and detains them in a deluxe hotel where they sleep Continue Reading
Kingdom Of Fear: Saudi Arabia On Lockdown
Events in Saudi Arabia are unfolding at a blinding pace, with a radical shift taking place within the upper echelons of government. Last weekend, King Salman announced the set-up of Continue Reading
New York Listing Unlikely For Aramco IPO
Aramco is highly unlikely to list on the New York Stock Exchange, Mark Mobius, executive chairman of Templeton Emerging Markets Group, told CNBC. The reason: risk of litigation. Interestingly, however, Continue Reading
Saudi “Deep State” Prince Bandar Among Those Arrested In Purge
According to a new report by Middle East Eye , Prince Bandar bin Sultan – Saudi Arabia’s most famous arms dealer, longtime former ambassador to the US, and recent head Continue Reading
OPEC, NOPEC Agreement ‘Unlikely’ to Emerge in November Meeting
The chances of a coordinated statement between OPEC and its non-OPEC partners on an extension of production cuts is ‘increasingly unlikely’. The chances of a coordinated statement between OPEC and Continue Reading
Lebanese offshore oil and gas licensing round continues despite political crisis
Lebanon’s Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting Continue Reading
Kurdish oil export payments in line with average
Companies working inside Kurdish territory in northern Iraq report oil export payments in line with historic norms. Photo courtesy of Genel Energy. Nov. 10 (UPI) — Energy companies working inside Continue Reading
Iran to facilitate Kirkuk exports
By trucking crude to Iran, the Oil Ministry would reduce dependence on the KRG-controlled export system and open a new outlet for Kirkuk oil that is currently stranded. Deputy Oil Continue Reading
DNO says Kurdish oil operations continuing without interruption
Norwegian oil and gas company DNO said it’s operations in the Kurdish region of northern Iraq were proceeding as normal. Photo courtesy of DNO. Nov. 9 (UPI) — Norwegian oil Continue Reading
Saudi Arabia to cut crude exports by 120,000 barrels per day in December
DUBAI (Reuters) – Saudi Arabia plans to cut crude exports by 120,000 barrels per day (bpd) in December from November, reducing allocations to all regions, a spokesman for the energy Continue Reading