How Iran and Russia are locking step on oil
A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said. More than two dozen representatives from top Continue Reading
OPEC: Iran Must Cap Output At 3.9 Million Bpd
OPEC’s eagerly awaited production cut agreement may have just gotten even harder to reach as OPEC members meeting in Doha are now asking Iran to freeze its output at 3.92 Continue Reading
Iraq’s Oil Contracts Make Joining OPEC Output Cut More Painful
Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join Continue Reading
Trump Could Shred Iran Deal – But Oil, Gas Experts Say Unlikely
President-elect Donald Trump’s harsh rhetoric toward the Joint Comprehensive Plan of Action more likely means renegotiation, not starting from scratch. For all of the bombast that characterized his march toward Continue Reading
Exclusive: Glencore seeks $550 million to raise stakes in Kurdish oil game
Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk Continue Reading
OPEC members propose Iran oil output be capped at 3.92 million bpd: source
OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (bpd) under a production-limiting deal for the whole group, a source familiar with the Continue Reading
Saudi’s Falih urges OPEC to cut oil output to low end of target
To match Exclusive OPEC-OIL/ The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC’s deal to limit oil output and mentioned the lower Continue Reading
Kuwait Said to Renew Contract to Supply Crude Oil to Egypt
Egypt to get 2 million barrels of Kuwaiti crude a month Shipments not meant to make up for Egypt’s loss of Saudi fuel Kuwait renewed a contract to supply Egypt Continue Reading
Iran Oil Boom Hangs in Balance as Investors Weigh Trump Risk
The oil market has been counting on Iran as a key new source of supply, and the current uncertainty may see investors step back. (Bloomberg) — Iran’s resurgent oil industry Continue Reading
No Saudi Oil Says Trump, Saudi Arabia Fires Back
Imagine making the world’s largest oil exporter sweat it out, even before you take office. That’s exactly what Donald Trump is doing. The new president-elect has said repeatedly that the Continue Reading