Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14%, Reuters’ calculations Continue Reading
During its 1979 Islamic Revolution, Iran embraced the protest cry of “neither East nor West,” rejecting both the U.S. and the Soviet Union, then locked in the Cold War. The Continue Reading
The Emir of Qatar’s visit to Washinton at the start of this year did a lot to relieve fears that one of the world’s largest natural gas producers was moving Continue Reading
Iraq’s federal government and Kurdistan region produced a combined 4.591 million barrels per day (bpd) of crude oil in March, a modest month-on-month increase. According to field-by-field data compiled by Continue Reading
The odds of a new nuclear deal with Iran are shrinking. The Iranian position on several key issues is preventing a breakthrough. Without addressing the future role of Iran in Continue Reading
A rise in oil product smuggling is contributing to fuel shortages in Iraq, as illicit traders take advantage of the massive spread between sky high global energy prices and heavily Continue Reading
A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the Continue Reading
An attack Sunday night caused an explosion in the vicinity of a key pumping station on Iraqi Kurdistan’s oil export pipeline, just four days after a rocket struck near a Continue Reading
Seated around the dining table, the family of four stares blankly at pictures of food sketched on the tablecloth. “Tonight,” the father says, “we’re coloring for dinner.” The scene in Continue Reading
Iran said on Saturday it had imposed sanctions on 24 more Americans, including former Army Chief of Staff George Casey and former President Donald Trump’s attorney Rudy Giuliani, as months Continue Reading
A rocket attack on Wednesday night appeared to target a major oil refinery complex in Erbil operated by the Iraqi Kurdish company KAR Group. At least one rocket landed about Continue Reading
Turkey buys over 7 mil barrels of Urals crude in March Urals flows also redirected to Asia, mainly China & India Russia’s flagship Urals crude has been shunned by its Continue Reading
Attack near Kawirgosk oil field leaves no damage or casualties Rockets launch from Mosul in federal Iraq Incident follows March 13 attack on Kar Group compound Three Katyusha rockets targeted Continue Reading
Iraq’s federal government earned a record $11.07 billion in oil export revenues in March as global oil prices spiked as a result of Russia’s war on Ukraine. Preliminary estimates from Continue Reading
Oil supply unaffected despite increased attacks Saudi Arabia has said it is no longer responsible for any shortages in oil supply because of attacks on its facilities. An S&P Global Continue Reading
The jump in Saudi Arabia’s crude oil prices for its Asian customers is a real world example of how the Russian invasion of Ukraine is starting to force a realignment Continue Reading
Russia has long been a thorn in the side of any and all attempts by the U.S. to adopt a constructive realignment of its relationship with Iraq. Iraq’s Oil Ministry Continue Reading
Here is a snapshot of what’s happening with Iran. Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Iran’s Foreign Minister Hossein Continue Reading
The two-month truce, brokered by the United Nations, offers hope for a reduction of violence in a war that has rattled the Arabian Peninsula and caused a humanitarian crisis. Forces Continue Reading
Tehran’s demand that the United States lift its designation of the Iranian Revolutionary Guard Corps as a foreign terrorist organization, and U.S. refusal so far to do that, have brought Continue Reading
In office for nearly two years, Oil Minister Ihsan Ismaael has guided the ministry responsible for generating more than 90 percent of Iraq’s state revenues through periods of wildly fluctuating Continue Reading
Saudi Aramco, is looking at several further opportunities to expand its downstream dealings with China. The new downstream projects with Sinopec follow this year’s earlier series of meetings in Beijing Continue Reading
Addressing the Iran nuclear deal, EU Foreign Policy Chief Josep Borrell noted “sometimes they think they’re almost there. And other days not.” That seems to be a succinct summary of Continue Reading
Some of the largest Gulf oil producers, including Saudi Arabia and the United Arab Emirates, are seeking to sign a written treaty with the United States under which the U.S. Continue Reading
Iraq’s Oil Ministry is proposing the creation of a Kurdistan National Oil Company under federal ownership as a means of implementing a landmark court ruling that invalidated the legal foundations of Continue Reading
This tiny Persian Gulf kingdom is emerging as one of Europe’s best hopes for weaning itself off Russian natural gas, in another sign of how the war in Ukraine is Continue Reading
The move follows a series of drone and rocket attacks by Houthi Rebels against Saudi Arabia in the past week. The Saudi-led Coalition has announced a military operation to neutralize Continue Reading
A Turkey-Israel gas pipeline is being discussed behind the scenes as one of Europe’s alternatives to Russian energy supplies, but it will take complicated maneuvering to reach any deal, government Continue Reading
The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that Continue Reading
A Saudi-led coalition fighting Houthi rebels in Yemen launched airstrikes against sites in the southern Arabian country in response to multiple attacks Friday, including one that caused a fire at Continue Reading
Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to Continue Reading
Dorra/Arash gas field discovered in 1962 Field is partly in Neutral Zone shared by Saudis, Kuwait Iran open to talks with Kuwait, Saudis Iran is set to develop its part Continue Reading
A senior US official has warned that a deal to save the nuclear accord with Iran is neither imminent nor inevitable as diplomatic efforts stall over Tehran’s demand that Washington Continue Reading
Iran said on Saturday that a document signed between Saudi Arabia and Kuwait this week to develop the Durra gas field was “illegal” since Tehran also has a share in Continue Reading
U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, Continue Reading
Iran plans to boost its crude oil production to 4 million barrels per day in the new Persian year. OPEC sources: In February, Iran’s crude oil production was at 2.546 Continue Reading
The UAE is looking to expand its production capacity from 4 million bpd today to 5 million bpd ahead before 2030. The investments in production expansion are also aimed at Continue Reading
The effort to revive the 2015 nuclear deal agreement now hinges on perhaps the most politically sensitive issue in the negotiations: whether to remove the U.S. terrorism designation for Iran’s Continue Reading
U.S. is “seriously considering removing the ‘Foreign Terrorist Organisation’ [FTO] designation from the IRGC. The FTO removal is seen as one of the very last obstacles in the Iran nuclear Continue Reading
Global markets are thirsty for Iraq’s oil, but infrastructure bottlenecks are likely to prevent the country from taking full advantage of high prices and a rising OPEC-plus quota. Iraq’s oil Continue Reading
The U.S. condemns the Houthi attacks over the weekend. U.S. National Security Advisor Jake Sullivan has announced that the U.S. condemns the Houthi attacks over the weekend against civilian infrastructure Continue Reading
Yemen’s Iran-aligned Houthi group fired missiles and drones at Saudi energy and water desalination facilities, causing a temporary drop in output at a refinery but no casualties, the Saudi energy Continue Reading
Highlights Refinery produces diesel, gasoline, butane Attacks also targeted other cities Houthi missile, drone attacks remain major Gulf oil security risk Saudi Arabia’s energy ministry on March 20 said the Continue Reading
Highlights Average oil output steady at 9.2 mil b/d Capex was $31.9 bil in 2021 ‘Economic conditions have improved’: CEO Saudi Aramco, the world’s largest oil company, said March 20 Continue Reading
The state-backed group, which had reported earnings of $49bn a year earlier, said the 124 per cent increase was driven by “higher crude oil prices, stronger refining and chemicals margins Continue Reading
A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi/TIMA DUBAI, March 19 (Reuters) – Iranian Continue Reading
Germany said it had sealed a long-term agreement with Qatar for the supply of liquefied natural gas as Berlin seeks alternative energy suppliers to Russia. In Doha as part of Continue Reading
Oil Minister Ihsan Ismaael’s efforts to resurrect the Iraqi National Oil Company (INOC) are facing increasing political opposition, raising doubts as to whether the fledgling company will survive in its Continue Reading
Oil storage containers are seen on the shore of the Mediterranean Sea in the southern city of Ashkelon January 27, 2015. REUTERS/Amir Cohen NEW DELHI, March 18 (Reuters) – Iran Continue Reading
Iran has defied Western powers by converting some of its uranium enriched to near weapons-grade into a formless easily recovered, diluted and shipped out of the country, a report by Continue Reading
