Russia’s state-controlled oil company is in discussions with Iraqi Kurdistan over helping it develop oilfields in disputed territory at the heart of tensions with Baghdad, in a move that pitches Continue Reading
Iraq’s semi-autonomous region of Kurdistan has been assured by the buyers of its crude oil that the oil was not headed to the U.S., Kurdistan’s Minister of Natural Resources Ashti Continue Reading
Baghdad prepares a legal offensive as the Neverland oil tanker, filled with a controversial cargo of crude from Kurdistan, appears to be changing course toward Canada. The Neverland tanker, seen Continue Reading
Despite having a more diversified economy than its Gulf neighbours, oil and gas revenues only account for 11 percent of Iran’s GDP. Its oil & gas sectors are strategic not Continue Reading
Iraq has steadily produced about 4.58 million barrels per day (bpd) between March and May, according to an Iraq Oil Report analysis based on data gathered from each of the Continue Reading
The one thing that isn’t in doubt in Iraqi Kurdistan’s planned independence referendum is the result. It’s virtually certain that an overwhelming majority will back the creation of the world’s Continue Reading
The recently deposed crown prince of Saudi Arabia, Mohammed bin Nayef, has been barred from leaving the kingdom and confined to his palace in the coastal city of Jidda, according Continue Reading
We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was Continue Reading
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports, the Continue Reading
Saudi King Salman’s decision to appoint his son Mohammed Bin Salman (MBS) as the new crown prince did not come as a surprise. For months, the power struggle between former Continue Reading
