Saudi Oil Minister Shrugs At U.S. Shale Recovery
When OPEC decided not to cap output in 2014, flooding the market with oil, it was trying to drive higher-cost producers – most notably U.S. shale – out of profitability Continue Reading
President Trump Just Told The CIA The U.S. Should Have Stolen Iraq’s Oil
President Donald Trump told the CIA on Saturday that the so-called Islamic State probably would never have existed if the United States had seized Iraq’s oilfields, a claim that flies Continue Reading
Iraqi forces consolidate gains in half-liberated Mosul
For one brigadier in Iraq’s elite Counter Terrorism Service (CTS), the final stage of liberating the eastern half of Mosul was personal: he could rescue his relatives. On Wednesday, as Continue Reading
Saudi Oil Shipments Soared Ahead of OPEC Production Cut
No compatible source was found for this media. OPEC’s Barkindo: ‘So Far, So Good’ on Production Cut Deal Saudi Arabia’s crude exports surged to a 13 1/2-year high in November, Continue Reading
China To Pour $3 Billion in Iran’s Refining Capacity
China will invest US$3 billion in the upgrade of Iran’s oil refining facilities, Iranian media reported, with the bulk of the investment going into the Abadan refinery. According to Deputy Continue Reading
IS guerilla campaign intensifies in Diyala, Salahaddin
Despite losing ground in Mosul, IS militants to the east have stepped up insurgent attacks, conducting deadly raids on security forces, oil infrastructure, and rural villages. Hadi al-Amiri (R), the Continue Reading
Halliburton to drill wells for Shell, doubling Iraq’s Majnoon oil field output: sources
Shell has signed a $210 million contract with Halliburton to drill 30 wells in Iraq’s Majnoon oil field, two oil sources said on Thursday. The agreement will double the field’s Continue Reading
Can Saudi Arabia Survive With Oil Below $60?
With the OPEC production deal holding, at least for the moment, questions have now arisen over how prospects look for the cartel’s biggest producer. It’s been a strange few years Continue Reading
Iraq exports fall as OPEC cuts begin
Iraq has reduced the rate of its oil exports by about 6 percent as it begins the difficult process of implementing an OPEC agreement to cut production.”I’m confident we can Continue Reading
OPEC Commitments Push Iraq Towards Oil Export Deal With Kurds
Amid the ongoing struggle over oil control between the Iraqi Kurds and the Iraqi central government in Baghdad, the Iraqi central authorities have halted exports of oil from Kirkuk via Continue Reading