Middle East Oil Exports Lower Than 40 Years Ago
Yes, it’s true. Middle East net oil exports are less than they were 40 years ago. How could this be? Just yesterday, Zerohedge released a news story stating that OPEC Continue Reading
Oman Plans to Sell as Much as $2 Billion of Bonds Amid Deficit
Oman, the largest Arab oil producer that’s not an OPEC member, plans to sell between $1.5 billion to $2 billion of bonds internationally in 2017 to plug a deficit caused Continue Reading
Iraq Can’t Count on Kurds or Oil Companies for Help on OPEC Cuts
Iraq can’t count on the self-governed Kurds in the north or international oil companies to help it cut crude production as promised at an OPEC meeting last week. That may Continue Reading
Iran anticipates arrival of European energy representatives
Iranian media reported Wednesday a delegation from Austrian energy company OMV is en route to Tehran to explore stronger energy ties with the Islamic republic. “An energy committee between Iran Continue Reading
UAE Oil Minister: We Expect No Significant U.S. Shale Output Growth Anytime Soon
Suhail Al-Mazrouei UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher oil prices resulting Continue Reading
Iraq passes 2017 budget
Iraq’s Parliament approved the 2017 federal budget on Wednesday, despite boycotts by some MPs from both the autonomous Kurdistan region and Iraq’s southern oil provinces, who were pressing for larger Continue Reading
Shell and Total Said to Sign Initial Oil Deals With Iran
Royal Dutch Shell Plc and Total SA will sign initial agreements on Wednesday to develop oil and gas fields in Iran, in the first European petroleum deals in the Persian Continue Reading
Saudi Arabia cuts January oil price to Asia to four-month low to keep market share
Saudi Aramco has cut the January price for its Arab Light crude for Asian customers to the lowest in four months as it holds to a strategy of preserving market Continue Reading
Glencore raises money for Kurdish oil deal, likely short of target: sources
Glencore ( GLEN.L ) will likely fall short of its target of raising $550 million to pre-finance the purchase of Kurdish oil, with investors exercising caution despite the offer of Continue Reading
Joint Kuwait-Saudi Oil Fields to Stick to OPEC Caps If Restarted
Kuwait and Saudi Arabia agreed that any resumption of crude production from shared oil fields along their border won’t raise their output beyond limits set at an OPEC meeting last Continue Reading