The Qatar Blockade Is Threatening The OPEC Deal
The blockade of Qatar could persist for quite a long time, according to the foreign minister of the UAE, who insisted that the Gulf States that have imposed the punitive Continue Reading
Saudi Arabia empties domestic crude tanks:
Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabia’s domestic Continue Reading
Saudi Crude Inventories Continue To Decline
The news comes as the KSA pressures the United States and Asian countries to lower their domestic inventories and buy new crude supplies, ending the current glut that is keeping Continue Reading
How a Saudi Prince Unseated His Cousin to Become the Kingdom’s Heir Apparent
After a wakeful night confined to a Mecca palace lounge, Saudi Arabian Crown Prince Mohammed bin Nayef emerged into a marble-walled room the morning of June 21. The 57-year-old prince Continue Reading
Addiction and intrigue: Inside the Saudi palace coup
On Tuesday June 21 Mohammed bin Nayef, a powerful figure in Saudi Arabia’s security apparatus for the past two decades and the next in line to the throne, was summoned Continue Reading
Russia boasts of Turkish gas pipeline progress
Russian energy company Gazprom is moving forward with developments of a gas pipeline through Turkey with shallow-water preparations, a spokesperson said. Russian energy company Gazprom said construction of a pipeline Continue Reading
U.S. targets Iran with new economic sanctions over its ballistic missile program
WASHINGTON (Reuters) – The Trump administration on Tuesday unveiled new economic sanctions against Iran over its ballistic missile program and for contributing to regional tensions, one day after warning Tehran Continue Reading
Western forces hit more ISIS oil installations in Syria
Coalition forces hit oil installations controlled by the group in Syria calling itself the Islamic State. U.S. Defense Department photo July 18 (UPI) — The fight against terrorism extended into Continue Reading
Iran Looks To Close More Deals But Oil Majors Are Cautious
Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted Continue Reading
Ajil oil field targeted in latest insurgent attacks
Militants from the self-proclaimed Islamic State (IS) exchanged mortar fire with Iraqi forces guarding the Ajil oil field Tuesday – the latest indication that a renewed insurgency is threatening northern Continue Reading