Legal action deters KRG crude sales to Canada
After Baghdad obtained a Canadian warrant to seize a tanker of Kurdistan exports, the Neverland has sailed back into the Atlantic Ocean. A tanker loads Kirkuk crude at the Turkish Continue Reading
Qatar to raise LNG production by 30% to 100 million mt/year by 2024: QP CEO
Qatar plans to raise its already huge LNG production capacity by 30% to 100 million mt/year, state-owned Qatar Petroleum’s CEO said Tuesday. The announcement at a media conference in Doha Continue Reading
Total to Sign Milestone Iran Gas Deal Since Sanctions Eased
Total CEO to be in Tehran Monday for agreement: oil ministry Deal is to develop Iran’s share of world’s biggest gas field Iran plans Monday to sign a formal contract Continue Reading
Saudi Arabia Moves to Silence Deposed Prince, Dissidents
Saudi Arabia’s King Salman has appointed his son, Mohammed bin Salman, as crown prince, replacing his nephew, Mohammed bin Nayef, as first in line to the throne. WSJ’s Niki Blasina Continue Reading
Wealthy Qatar Weathers Siege, but Personal and Political Costs Grow
A young business executive had to cancel a $150,000 family vacation in Saudi Arabia . Another woman grumbled that deliveries of designer fashions from the internet store Net-a-Porter were taking Continue Reading
Saudi Arabia Reports First GDP Contraction Since 2009
Saudi Arabia’s gross domestic product fell in the first quarter of 2017 year-over-year, marking the first time the top oil exporter’s economy contracted after the 2014 oil price crash. Government Continue Reading
The Mysterious Tanker Full Of Kurdish Oil Reappears Off Canada
The oil tanker loaded with crude from Kurdistan and thought to be headed to the U.S. before it turned off its tracker after exiting the Strait of Gibraltar a week Continue Reading
Iranian gas trickles into Iraq after multi-year delay
Power plants in Diyala and Baghdad are running tests on newly flowing Iranian gas, but security problems and payment terms remain unresolved. The Mansuriya power plant in Diyala province, near Continue Reading
Saudi Arabia’s March Towards Civil War
Has Saudi Arabia’s brinkmanship and heavy-handed policies of intervention in the Middle East come back to haunt the desert kingdom? After decades of playing the role of middle man between Continue Reading
Only $60 Oil Can Save The Aramco IPO
The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-barrel cut’s initial announcement and implementation have been wiped out, and No. 1 OPEC producer Saudi Continue Reading