Last week’s meeting between Russia and Saudi Arabia to deepen cooperation in energy and other sectors shows that Moscow is serious about splitting Riyadh away from its long-time ally, the Continue Reading
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo Oct 17 (Reuters) – Iraq’s oil ministry spokesman said that an oil price above $80 Continue Reading
Talks were last held in June 1.5 mil b/d of Iranian crude hangs in the balance US special envoy for Iran visiting UAE, Saudi Arabia, Qatar Talks to restart the Continue Reading
Geopolitics, Politics & Conflict Turkey is one of the biggest natural gas importers in Europe and now finds itself in a difficult position where it has to buy more gas Continue Reading
Last week, Saudi Aramco’s chief executive officer, Amin Nasser, said that the company expects to boost its oil production capacity to 13 million barrels per day (bpd) by 2027. The Continue Reading
Israel will no longer issue permits for onshore oil exploration, Energy Minister Karine Elharrar said on Wednesday at a committee hearing of the Israeli Parliament, the Jerusalem Post reported . Continue Reading
Shares in the utility closed down 8.4 percent at 66.7 riyals ($17.78) on Tuesday. ACWA Power International slumped as much as 10% on its second day as a listed company, Continue Reading
A combination of corruption, incompetence, and underinvestment have led to a major fuel crisis in Lebanon This weekend, the country saw a 24-hour blackout that was only solved when the Continue Reading
Lebanon’s Hezbollah chief Sayyed Hassan Nasrallah repeated calls on Monday for the cabinet to seek a U.S. sanctions waiver to import Iranian fuel and alleviate crippling shortages. Nasrallah said the Continue Reading
Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to buyers of its gas pipeline Continue Reading
