Saudi Arabia’s new personal data protection law would discourage foreign investment in the world’s top crude exporter which looks to diversify from oil with tech and digital hubs, the U.S. Continue Reading
Prime Minister of Iraq Mustafa Al-Kadhimi and Iraq’s Kurdish Region Government Prime Minister, Masrour Barzani visit damaged areas after a missile attack by Iran’s Islamic Revolutionary Guard Corps (IRGC) during Continue Reading
Highlights Exports climbed to reduce inventories Inventories had built up under previous administration Petrochemicals industry also used some stockpiles Iran has increased its natural gas condensates exports under the new Continue Reading
West pressing Saudi to use capacity to pump more oil Saudi, UAE still sticking to OPEC+ oil deal with Russia Riyadh threatens to shift some oil sales away from dollar Continue Reading
Russia walked back recently made demands on Washington related to the Iran nuclear deal, clearing the way for Tehran and Washington to revive the 2015 agreement, senior western diplomats said. On Tuesday, after Continue Reading
West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Continue Reading
As Prime Minister Mustafa al-Kadhimi approaches the end of his term, Iraqi leaders are grappling with whether and how to continue his administration’s efforts to reform the economy. The government’s economic Continue Reading
Foxconn 2317 -1.46% Technology Group, the biggest assembler of Apple Inc. iPhones, is in talks with Saudi Arabia about jointly building a $9 billion multipurpose facility that could make microchips, electric-vehicle components and other electronics Continue Reading
Iran will stay in the Vienna nuclear talks until its demands are met and a “strong agreement” is reached, Iran’s top security official Ali Shamkhani said on Monday. Talks to Continue Reading
The U.S. won’t negotiate exemptions to Ukraine-related sanctions on Russia to save the 2015 Iran nuclear deal and could try to strike a separate accord excluding Moscow, a senior U.S. official said, Continue Reading
The US has ruled out offering any sanctions relief to Russia in order to clinch its support for an agreement to revive the 2015 nuclear accord with Iran, rebuffing a Continue Reading
Enemy bullets ripped overhead. A barefoot Yemeni soldier who calls himself Fouad the Brave grabbed a rifle and returned fire from behind a sand berm, taking aim at Iran-backed Houthi Continue Reading
Saudi Arabia put to death 81 people who had been convicted of crimes including murders, rape, arms smuggling and links to terrorist groups, in the largest known mass execution in Continue Reading
World powers and Iran suspended their efforts to revive the 2015 nuclear accord, reigniting a crisis that’s set to impact already surging oil markets and potentially plunge the energy-exporting Persian Continue Reading
Negotiations in Vienna aimed at reviving the Iran nuclear deal were called off indefinitely Tuesday after a last-minute demand by Russia upended what diplomats had hoped was the final stretch Continue Reading
UAE, Saudi have spare oil capacity that is now in demand U.S. waited till crisis before seeking help, says source Longtime U.S. allies have been building Russia ties Yemen war, Continue Reading
Crude prices tanked yesterday after the UAE Ambassador to Washington said that the UAE favors further production increases. Today, the Emirati energy minister, Suhail al Mazrouei has reaffirmed that the Continue Reading
A child puckers her lips on a window of a bus heading to a temporary housing location, following Russian invasion of Ukraine, near the North Railway Station in Bucharest, Romania, Continue Reading
Stretching into the Persian Gulf from the beaches and skyscrapers of Dubai is a man-made archipelago in the shape of a vast palm tree, its branchlike rows of islands lined Continue Reading
Turkey will continue to buy Russian oil and hopes sanctions on Iran are lifted, bringing additional supplies to meet global demand, Energy Minister Alparslan Bayraktar said on Tuesday. Turkey relies Continue Reading
Saudi Crown Prince Mohammed bin Salman has reaffirmed his country’s commitment to the OPEC+ agreement with Russia. The Kingdom has not made a move to bring extra crude onto the Continue Reading
Both sides have acknowledged a need for renewed dialogue, but they appear to be envisioning vastly different negotiations. Baghdad is seeking Erbil’s cooperation in implementing the Federal Supreme Court’s decision, Continue Reading
Iran believes a deal on its nuclear program can be quickly reached if Washington accepts points made by Tehran at talks in Vienna, the Foreign Ministry said on Monday, adding Continue Reading
Iraq appears to be overcoming temporary outages at two southern oil fields and avoiding major disruptions to its overall oil production. The West Qurna 2 field — whose roughly 400,000 Continue Reading
Fresh demands from Russia threatened to derail talks to restore the 2015 Iran nuclear deal, as Moscow said it wanted written guarantees that Ukraine-related sanctions won’t prevent it from trading broadly with Continue Reading
Iran said on Saturday it had agreed on a roadmap with the U.N. nuclear watchdog to resolve all outstanding questions about the country’s nuclear program by late June, a move Continue Reading
A deal to limit Iran’s nuclear program would lead to sanctions on its oil sector being lifted but it could take several months for any more Iranian crude to flow, Continue Reading
Iran’s foreign minister said on Friday he was prepared to go to Vienna “immediately” to sign a deal with the US to revive the 2015 nuclear accord, but warned he Continue Reading
The UN’s nuclear watchdog says Iran has sharply increased its stockpile of enriched uranium amid talks to revive a 2015 agreement to curb Tehran’s atomic program. Several media outlets said Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February,* up from January exports of 3.619 million bpd, with revenues reaching a new 10-year high as global oil prices rose to their Continue Reading
Saudi Crown Prince Mohammed bin Salman is seen during the Emirates Formula One Grand Prix at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates November 25, 2018. Bandar Continue Reading
The U.S. and Iran on Thursday were closing in on an agreement to restore the 2015 nuclear deal, although officials from both countries warned final issues still needed to be nailed down Continue Reading
As oil prices reach seven-a-half-year highs, a number of countries in the Middle East have unveiled fiscal measures designed to balance their budgets after two years of pandemic-related spending. Saudi Continue Reading
Iraq exported 3.719 million barrels per day (bpd) in February, * up from January exports of 3.619 million bpd , with revenues reaching a new 10-year high as global oil Continue Reading
Six months after TotalEnergies signed a multi-billion-dollar deal with Iraq for a quartet of projects that encompass oil, gas, solar, and a system to provide water for oil field injection, the Continue Reading
Iranian and U.S. officials are entering a crucial week of negotiations to restore the 2015 nuclear deal, with significant differences remaining on several key issues and new concerns that Russia’s invasion of Continue Reading
Traders expect Iran to do away with discounts Iranian crude around $8/b cheaper than other similar grades Iran could supply 1.75 mil b/d by August: S&P Global Iran’s state-owned National Continue Reading
China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. Continue Reading
Highlights MBS discusses Ukraine crisis’ energy impact in call with France’s Macron Saudi Arabia keen to maintain stable, balanced oil market, MBS says OPEC ministers have said no need to Continue Reading
Russia’s invasion of Ukraine has caused plenty of analysts to worry about the future of global financial and energy markets, but there is a major consequence being overlooked. Russia and Continue Reading
Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day. The shutdowns curtail the ability of OPEC’s second-largest member to Continue Reading
The text of a proposed nuclear deal between Iran and world powers, distributed by the European Union to negotiators, is in limbo while the head of Iran’s delegation consults with Continue Reading
Iraqi oil workers shut down the Nassiriya oil field in southern Dhi Qar province around 4:30 p.m. on Friday, two hours after instructions were issued, following threats to do so Continue Reading
Giant West Qurna 2 oil field produces 400,000 b/d Iraq’s southern fields suffering from water problems Dhi Qar’s Nassiriya field closed for security concerns Some 480,000 b/d of Iraqi crude Continue Reading
Russia’s invasion of Ukraine on Thursday morning sent oil prices beyond $100 for the first time since 2014 as supply fears gripped an already bullish market. In an extremely tight Continue Reading
The super-giant West Qurna 2 oil field has shut down for nearly a month of maintenance, removing about 400,000 barrels per day (bpd) of production at a time when global Continue Reading
Deadly violence and protests in Dhi Qar are destabilizing a key oil-producing province, threatening to shut down the Nassiriya oil field and raising security concerns that could scare away foreign Continue Reading
Saudi Arabia has a stark warning about the dangers of underinvesting in oil. The world’s top oil exporter is cautioning that the underinvestment in oil and gas could spark a Continue Reading
Agreement could see oil sanctions lifted in stages Some 1.5 million b/d of Iranian oil exports could return Iran’s crudes compete with many OPEC+ grades Iranian nuclear deal negotiators appear Continue Reading
Iraq is in talks with Halliburton Co. and Saudi Arabia’s Aramco to carry out oil and gas developments in the west of the country. Baghdad is in discussion with Halliburton Continue Reading
