Iran Reports 15 Billion Barrel Oil Find
Iran has struck new crude oil reserves totaling 15 billion barrels of which 2 billion barrels are recoverable, according to the managing director of the National Iranian Oil Company Ali Continue Reading
Iran says U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said Continue Reading
Will Trump’s Border Tax Plan Include A Loophole For Mid-East Allies?
A border adjustment to income tax that will see imports in the U.S. become more costly may need to be, well, adjusted, lest the country loses some key allies in Continue Reading
Iran thumbs nose at Washington on oil
Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday. The White House is expected Continue Reading
Saudi Arabia Raises March Crude Oil Pricing for All Buyers
Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil Continue Reading
Saudi Oil Minister Says Aramco Reserves Audit ‘Very Reassuring’
Aramco Said to Seek Advisers for IPO An audit of state oil producer Saudi Aramco ’s crude reserves is showing “very reassuring” results ahead of what could be the world’s Continue Reading
Saudis Raise March Crude Prices For All Customers
Saudi Arabia has raised the prices of all grades it will be shipping to Asia, the U.S., Northwest Europe and the Mediterranean countries, with prices for Asian buyers increased more Continue Reading
Taq Taq decline highlights Kurdistan oil woes
Within two years, production at one of Kurdistan’s flagship oil fields has collapsed by about 75 percent.The rapid decline of the Taq Taq field is an emblem for Kurdistan’s struggling Continue Reading
Iraqi oil player may be facing headwinds
Iraqi oil player Gulf Keystone Petroleum said it was planning further investments this year, but still facing commercial pressures. The company is among those with a strong focus on the Continue Reading
Saudi Arabia cannot escape destiny as swing producer: Kemp
Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country’s insistence for three decades it would never play the role Continue Reading