Saudi Arabia reports higher oil revenue
Second quarter oil revenue was up nearly 30 percent from last year on the back of general improvements in the energy market, the Saudi government reported. Saudi Arabia is the largest Continue Reading
Saudis ready to export more oil to Iraq
After discussions on compliance with an OPEC-led effort to balance the market, Saudi Arabia’s energy minister said Iraq could be the target for more exports. Saudi Arabia and Iraq are Continue Reading
Saudi Arabia: Deeper Cuts Are Still On The Table
OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih told Continue Reading
Saudi Crown Prince Favors New York Over London For Aramco IPO
Even though Saudi Arabia’s advisors are favoring London over New York for the foreign venue to list Aramco shares, Saudi Crown Prince Mohammad bin Salman and the Saudi government are Continue Reading
Iraq’s Kurds maintain Sept. 25 as date for independence referendum, Kurdish official says
Iraq’s Kurds will maintain their plan to hold a referendum on independence on Sept. 25, despite a U.S. request to postpone it, a high-ranking Kurdish official told Reuters on Saturday. Continue Reading
Ex Minister: Unused Iraq-Saudi Pipeline Should Reopen
Iraq needs to regain access to a pipeline that was used in the past to export Iraqi crude oil via Saudi Arabia, according to Parliament member and former Iraqi oil Continue Reading
Saudi’s Falih doesn’t rule out more oil cuts but kingdom won’t take unilateral action: Al Sharq
Saudi Arabia’s Energy Minister Khalid al-Falih does not rule out another oil production cut but stressed that the kingdom will not take any unilateral action, the Saudi-owned Al Sharq Al Continue Reading
Why Trump Won’t Tear Apart The Iran Nuclear Deal
Last month, the U.S. government certified Iran’s compliance to the terms of the 2015 nuclear deal – a required approval mechanism that dictates the life or death of the deal, Continue Reading
Saudi Arabia Builds Cities in the Sand to Move Beyond Oil
Kingdom is developing economic and entertainment hubs Developments aim to create jobs and boost investment After relying on oil to fuel its economy for more than half a century, Saudi Continue Reading
Rivers of crude spill from IS smuggling operation
Militants from the self-proclaimed Islamic State (IS) are continuing to steal oil from Iraqi fields in the mountains of Salahaddin province, in a primitive operation that has created a massive Continue Reading