Just a week after it agreed to OPEC’s output-cut deal, Iraq is showing signs of going rogue, and instead of cutting crude exports—a logical byproduct of lowered production—it plans to Continue Reading
Saddled with debt to oil traders, Erbil remains unable to make payroll despite increased exports. Loading arms at the terminal for Iraqi crude exports at the Turkish port of Ceyhan. Continue Reading
Iraq plans to increase crude-oil exports in January, government records show, immediately raising questions about its commitment to slashing production in line with OPEC’s landmark production agreement last month. Iraq’s Continue Reading
Demonstrations roil southern provinces in response to the former PM’s visit, highlighting destabilizing rivalries within and among Shia political blocs. Police in riot gear try to keep order as protesters Continue Reading
Kuwait is committed to cutting output by 131,000 b/d in January in line with its commitments under OPEC’s output reduction deal, oil minister Essam al-Marzouq said Thursday. That was despite Continue Reading
The United States has decided to limit military support to Saudi Arabia’s campaign in Yemen because of concerns over widespread civilian casualties and will halt a planned arms sale to Continue Reading
Iran’s President Hassan Rouhani ordered scientists on Tuesday to start developing systems for nuclear-powered boats, in reaction to what he called the United States’ violation of a global atomic deal. Continue Reading
Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5 percent across its three export grades to meet commitments under an OPEC deal to curb Continue Reading
Saudi Arabia has transformed sentiment in the oil market by assembling an unprecedented coalition of oil producing countries to agree output cuts in 2017. Saudi officials have obtained pledges from Continue Reading
Oil prices were stable on Tuesday, supported by strong demand in Asia and a supply cut by Abu Dhabi as part of production curbs organized by OPEC and other exporters. Continue Reading
