Emails published by Wikileaks reveal a proposal for Turkey to take equity stakes in Kurdistan’s biggest oil fields, in exchange for nearly $5 billion of immediate financial assistance. Turkey’s then-Prime Continue Reading
With its devastating show of force in Syria’s civil war, Russia has reasserted itself as a military power in the Middle East. It’s also put Russians in the region at Continue Reading
European governments are quietly warning the incoming Trump administration that the US will get the blame if any new economic sanctionson Iran lead to the collapse of the 2015 nuclear Continue Reading
Iraq said most international oil companies working in the country, along with the nation’s semi-autonomous Kurds, have agreed to cut crude output to fulfill an OPEC accord. Iraq is fully Continue Reading
Saudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts. Continue Reading
Saudi Arabia is considering increasing retail gasoline and diesel prices in 2017 for the second year in a row, as the world’s top crude exporter pursues a plan to cut Continue Reading
Even though crude prices may be subdued amid thin trading over the holiday period, there is always a thing (or five) going on in the oil markets. Henceforth, hark…here are Continue Reading
Few countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices Continue Reading
There’s been no directive from the government in Baghdad to curb oil production for next year, the head of a Russian oil company said. Russian oil company Lukoil started production Continue Reading
The director-general of the nuclear watchdog for the United Nations said oil-rich Iran is meeting its commitments to downplay weapons concerns. Yukiya Amano, the director-general of the International Atomic Energy Continue Reading
