Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction Continue Reading
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise. Continue Reading
Iraq, OPEC’s second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day (bpd) in March, the lowest since August, a loading Continue Reading
Saudi Arabia Cuts Oil Output by Most in 8 Years Iraq’s oil exports are poised to slump to a seven-month low in March as ongoing maintenance at some of its Continue Reading
Iraq will reduce the amount of crude oil it exports via its largest port terminal in Basra to 3.013 million bpd next month, according to loading data seen by Reuters. Continue Reading
Reverberations from President Donald Trump’s travel ban and other stances are threatening to undermine future U.S.-Iraqi security cooperation, rattling a key alliance that over the past two years has slowly Continue Reading
The flames exploded into the sky like a volcanic eruption, blanketing a swath of the Iraqi countryside in a noxious haze of black smoke. The inferno reached more than 300 Continue Reading
As soon as Iran’s nuclear deal with world powers took effect, Majid Zamani and his partners set up an investment boutique with the aim of tapping into the flood of Continue Reading
While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s fitful Continue Reading
Steady payments from the Kurdish government in Iraq and improved market conditions means it’s time to start drilling more, Norwegian company DNO said. DNO said it received $210 million in Continue Reading
