Masked gunmen assassinated the deputy director general of the state-run North Gas Company (NGC) Tuesday morning in Kirkuk.Iraq’s northern oil sector has been buffeted by violence in recent years, due Continue Reading
Government will still own wells, deputy crown prince says Offering about 5% stake in Aramco’s concession in 2018 Saudi Arabia will retain full ownership of its oil and gas reserves Continue Reading
Has OPEC failed? That’s the question analysts have begun to ask , approaching the group’s next meeting later this month. When the members gather at their headquarters in Vienna, it Continue Reading
Saudi Arabia lowers pricing for June crude for sale to Asia State-owned Saudi Aramco raises pricing to all other regions Saudi Arabia, the world’s largest crude exporter, cut pricing for Continue Reading
Incumbent Iranian President Hassan Rouhani said easing international sections and addressing a high rate of inflation are priorities for the OPEC member state. “The first major issue needed to be Continue Reading
In a bid to defend its Asian market share amid OPEC’s production cuts, Saudi Arabia is lowering yet again the official selling prices (OSPs) for the crude grades it sells Continue Reading
Iran’s Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back. The Organization of the Petroleum Continue Reading
Top oil exporter Saudi Arabia is expected to cut the price of its flagship Arab Light by 40-50 cents a barrel in June to the lowest in nine months, a Continue Reading
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil Continue Reading
Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country’s oil minister said on Continue Reading
