Gazprom offers loan for Turkish gas pipeline
Russian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey. Russian news agency Tass reported that Gazprom Continue Reading
Why Saudi Arabia Is Likely to Postpone a Huge Oil Company I.P.O.
Saudi Arabia’s oil producer, Saudi Aramco, is its crown jewel. And jewels ought not to be given away too freely. The company’s initial public offering was meant to be the Continue Reading
Two blasts in central Baghdad kill at least 21: police, medics
Two bombs exploded at a busy market in central Baghdad on Saturday killing at least 21 people and wounding more than 40 others, police and medics said. There was no Continue Reading
Saudi Non-Oil Economy Suffered as Kingdom Cuts Spending: Chart
Saudi Arabia’s austerity drive to counter the impact of low oil prices came at a cost. Domestic demand has been hurt by lower spending on infrastructure projects and cuts in Continue Reading
The Two Nations Racing To Host The Next Oil And Gas Rush
Bit of a quiet week for major resource news. But several small items are suggesting some potentially explosive developments coming over the next several months. One of those comes in Continue Reading
Asia’s November imports of Iranian oil more than double from year ago
Imports of crude oil by Iran’s four major buyers in Asia in November more than doubled for a second straight month from a year ago, with purchases by India and Continue Reading
Iraq commits to OPEC cuts, sends oil prices higher
Crude oil prices edged higher in early trading Wednesday in thin volumes amid expectations OPEC will hold the production line, though doubts persist. Members of the Organization of Petroleum Exporting Continue Reading
Iran: There are no guarantees with OPEC
Following an announcement regarding an increase in oil production, Iran’s oil minister said there are no guarantees an OPEC production ceiling will be enforced. Iran is the only party not Continue Reading
Iran sees foreign investors flocking to energy sector
Iran is drawing in more foreign investors eager to renew work in the energy sector because of the low cost of doing business, a corporate director said. The National Iranian Continue Reading
Saudi Royal Family Is Still Spending in an Age of Austerity
Behind a tall perimeter wall, studded with surveillance cameras and guarded by Moroccan soldiers, a sprawling new palace for King Salman of Saudi Arabia rose on the Atlantic coast here Continue Reading