While highly politically and economically charged behind-the-scenes OPEC talks are going on, the market and analysts are now factoring in another unknown that could come from outside OPEC and theoretically Continue Reading
Crude supplies expand for third week, longest run since August Iran, Iraq oil ministers skipping informal OPEC talks in Doha Crude oil traded near $46 a barrel as Saudi Arabia Continue Reading
Iraq’s oil minister will bypass energy talks this week in Qatar, where rival producer Saudi Arabia plans to hold talks with Russia on possible collective action to limit production. His Continue Reading
Saudis chilling One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded Continue Reading
President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and foremost Continue Reading
Saudi Arabia has warned Donald Trump that the incoming US president will risk the health of his country’s economy if he acts on his election promises to block oil imports. Continue Reading
Food production in Syria dropped to an all-time low in 2016, a joint report from two U.N. agencies said Nov. 15, Reuters reported. According to the report from the Food Continue Reading
Saudi Arabia is preparing to lift the lid on one of the global energy industry’s most closely guarded secrets as it prepares to sell shares in Saudi Aramco — how Continue Reading
Iraq plans to export 3.163 million barrels per day (bpd) of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of Continue Reading
Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than 220,000 bpd to the country’s total output. The fields are Yadavaran, Continue Reading
