Saudi Arabia, the driver behind the OPEC/non-OPEC agreement to reduce oil production to eliminate a global glut, plans to reduce supplies to customers in January based on requests for shipments, Continue Reading
Gazprom Neft PJSC signed an agreement with Iran’s state oil company to study the potential for oil production from two fields, becoming at least the third Russian energy producer in Continue Reading
Iran and Russia tightened their embrace in the energy sector through an agreement to study the prospects for oil fields near the Iraqi border, directors said. Directors from the National Continue Reading
Iranian President Hassan Rouhani on Tuesday ordered the development of a nuclear propulsion system for ships, describing the move as a response to the recent extension of sanctions against the Continue Reading
Iran’s crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower Continue Reading
Saudi Arabian Oil Co. signed contracts with U.S. companies to build dozens of oil rigs over 10 years as the kingdom builds for the long-term future of its most prized Continue Reading
Saudi Arabia, spearheading OPEC’s quest to eliminate a crude glut, will cut the amount of oil it allocates to one European refining company by about 20 percent, a person with Continue Reading
The Bible’s book of Galatians, VI teaches, «as you sow, so shall you reap». And for Saudi Arabia, which has overtly and covertly supported rebellions in Libya, Syria, Iraq, Yemen, Continue Reading
Iraq is committed to cutting its production to comply with a global pact to support prices, the country’s oil minister said, adding he was nevertheless confident OPEC’s No. 2 producer Continue Reading
Gazprom Neft PJSC signed an agreement with Iran’s state oil company to study the potential for oil production from two fields, becoming at least the third Russian energy producer in Continue Reading
