Trump Could Widen Rift With Saudi Arabia
The IPO of Saudi Aramco in 2018 is expected to bring in an all-time high in fees for investment banks that help the oil company go public, a major payday Continue Reading
Hacked emails reveal details of Exxon’s Kurdistan activity
Disappointing exploration results drove Exxon to relinquish half of its Kurdistan portfolio, according to private correspondence with Turkey’s energy leaders published by Wikileaks. ExxonMobil CEO Rex Tillerson (second from left) Continue Reading
BP Takes Abu Dhabi Oil Field Stake for $2.2 Billion in Stock
BP Plc cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. Continue Reading
In Oil Face-Off, Saudis, Shale Both Claim Victory
A two-year battle for global oil supremacy that pit Saudi Arabia, head of the powerful oil cartel, against upstart U.S. shale producers left them both badly wounded but with each Continue Reading
BLOG: Low Oil Prices Strain Kurdistan Government’s Fight Against IS
The KRG’s fight against ISIS has been hampered by the low oil price environment. The low oil price environment has put a strain on the Kurdistan Regional Government’s (KRG) fight Continue Reading
Iraq boosts oil sales to China, U.S., India before OPEC supply cuts bite: sources
Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production Continue Reading
Dollar Peg Trumps Economic Woes as Gulf Follows Fed’s Rate Rise
Gulf Arab central banks wasted little time in following the Federal Reserve’s interest-rate increase, maintaining a commitment to the U.S. dollar peg even as their economies struggle with low oil Continue Reading
The Oil Mystery Behind Saudi Arabia’s Production Cut
Saudi Arabia surprised the world by helping to engineer an unexpectedly strong agreement from OPEC members to cut production by 1.2 million barrels per day, followed by additional cuts from Continue Reading
Higher Crude Seen Buying Time for Gulf Arabs to Kick Oil Habit
Gulf Arab nations that rely on energy for most of their revenue will benefit if oil prices rise, though their long-term fiscal health hinges on how well they use this Continue Reading
Saudi Oil Minister Sees Commitment to Cuts Ending Glut in Months
OPEC and other major oil producers are committed to a “high level of compliance” with their agreements to cut output, and the shared strategy will balance the market in 2017, Continue Reading