OPEC’s No. 2 Faces Civil War Threat
A majority of Iraq’s law enforcement network has congregated in the northern and western portions of the country to contain the efforts of the Islamic State to restart the reign Continue Reading
Iran, Syria Sign Energy Agreement
Iranian and Syrian media have reported the signing, by officials from the two countries, of several agreements that would allow Iran to improve the production and distribution of electricity in Continue Reading
Shell accelerates Iraq drawdown with Majnoon exit
Negotiations begin over handing back the Majnoon operatorship, months after stake in West Qurna 1 was put up for sale, highlighting one major oil company’s resistance to Iraq’s tough terms. Continue Reading
Saudi Arabia Pushes OPEC on New Tack to Curb Oil Supplies
Saudi Arabia’s energy minister, Khalid al-Falih, right, wants OPEC to focus more on exports in a bid to lift oil prices. Above, Mr. Falih with Russian Energy Minister Alexander Novak, Continue Reading
Shell to withdraw from Iraq’s Majnoon oilfield – Iraqi oil officials
A worker walks through the Majnoon oilfield in Basra, 420 km (261 miles) southeast of Baghdad, October 6, 2013. REUTERS/Essam Al-Sudani BAGHDAD (Reuters) – Royal Dutch Shell is seeking to Continue Reading
Russia Urges GCC To Resolve Qatar Dispute
The Russian foreign minister has urged a coalition of Arab states led by Saudi Arabia to negotiate with Qatar to end a bitter diplomatic dispute that has raised tensions on Continue Reading
Saudi Aramco Boosts Crude Oil Stockpiles In Japan
Saudi Aramco will fill on Wednesday all of its 8.18 million barrels of leased crude storage capacity in southwestern Japan, a source at the Japanese Ministry of Economy Trade and Continue Reading
Alamri out as head of Iraq’s oil sales
Iraq’s longtime head of oil sales, Falah Alamri, has been transitioned from director general of the State Oil Marketing Organization (SOMO) to advisor to the Oil Ministry. Alaa al-Yassiri, acting Continue Reading
Saudi Arabia Says It’s Open to Another OPEC Cuts Extension
Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan, Kazakh and UAE counterparts to keep all options open in their push to re-balance world oil markets. (Bloomberg) — Saudi Continue Reading
Middle-East Tensions Soar After Critical Phone Call
The last bilateral contact between the Emir of Qatar Tamim Bin Hamad and Saudi Crown Prince Mohammed Bin Salman last Friday is the best example. After some recent indications of Continue Reading