Iran Restarts Its Only Nuclear Plant After Emergency Shutdown
Iran’s sole nuclear power plant has been brought back online after an emergency shutdown two weeks ago, its manager told state media early on July 5. The ISNA news agency Continue Reading
Iraq Confirms BPs Plans To Leave The Country
BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil Continue Reading
Israel sees drop in Pfizer vaccine protection against infections
Israel reported on Monday a decrease in the effectiveness of the Pfizer/BioNTech COVID-19 vaccine in preventing infections and symptomatic illness but said it remained highly effective in preventing serious illness. Continue Reading
As Lebanon’s Crisis Deepens, Lines for Fuel Grow, and Food and Medicine Are Scarce
As she sat in the sun in her Mini Cooper inching her way through a long line of cars to get gas, Lynn Husami, 23, tried to use her time Continue Reading
Delayed Deal Between Saudi Arabia And India May Still Happen Against All Odds
A long-delayed deal between Saudi Arabia’s flagship oil company, Saudi Aramco, and Indian conglomerate, Reliance Industries, looks closer to going ahead following the recent appointment of Aramco chairman, Yasir Al-Rumayyan, Continue Reading
Could Iran Raise Its Oil Production To 6 Million Bpd?
The unsuccessful attempts by OPEC+ to reach a deal on output cuts increase the risk of creating a supply squeeze in an already tight market, which could potentially send oil Continue Reading
Opec impasse shows UAE’s ‘flexing its muscles’ against Saudi Arabia
A few years ago, the United Arab Emirates and Saudi Arabia went as far as secretly drawing a plan for a political union.While a confederation did not materialize, the Gulf’s Continue Reading
Seeds of OPEC+ discord planted by the UAE’s oil expansion ambitions
Highlights UAE’s ADNOC spending $122 bil through 2025 ADNOC boosting capacity to 5 mil b/d by 2030 It wants Murban futures to become benchmark OPEC is no stranger to squabbles, Continue Reading
UAE supports OPEC+ easing cuts through Dec, but current baseline production ‘unfair’
Current Oct 2018 baseline is unfair: UAE energy ministry Wants extension of current pact beyond April 2022 to be discussed later OPEC+ to meet virtually July 5 to resume talks Continue Reading
Iraq backs OPEC+ output hike from August, extension of pact beyond April 2022
OPEC+ ministers set to meet July 5 to resolve impasse Saudi and UAE disagree over extension of current pact Iraq is OPEC’s second biggest producer Iraq supports the proposal to Continue Reading