Rising Saudi Exports Drive OPEC Shipments Increase In May
The ten OPEC members bound by the OPEC+ production agreement have increased their collective crude oil exports by more than 1 million barrels per day (bpd) so far in May, Continue Reading
Iran starts to store more barrels at sea ahead of potential sanctions relief
Around 32 million barrels of Iranian oil on water Floating oil volumes have more than doubled since January Iran laying the ground for an export revival Iran is starting to Continue Reading
Iran, IAEA extend monitoring deal to clear sanctions relief hurdle
Highlights Extension runs to June 24 Iran pumped 2.43 mil b/d in April: S&P Global Platts OPEC survey Fifth round of JCPOA talks set for this week Negotiations between Iran Continue Reading
Mysterious air base being built on volcanic island off Yemen
A mysterious air base is being built on a volcanic island off Yemen that sits in one of the world’s crucial maritime chokepoints for both energy shipments and commercial cargo. Continue Reading
Secret Meeting Between Saudi Arabia And Iran May Trigger Major Policy Change
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus Continue Reading
Will The World’s Largest Oil Region Become A Hydrogen Hub?
The biggest oil-exporting region in the world, the Middle East, has set its sights on becoming a major clean energy exporter of green hydrogen. The largest oil producers in the Continue Reading
Oil companies say KRG payment slow-down puts new investment at risk
Workers measure the pressure at the Central Processing Facility at the Tawke oil field in Iraqi Kurdistan in August 2012. (SEBASTIAN MEYER/Metrography/Iraq Oil Report) A decision by the Kurdistan Regional Continue Reading
Iran says IAEA may get one-month extension as nuclear talks progress
Highlights President Rouhani says nuclear talks will continue China-Iran bilateral deal secures trade despite sanctions Oil-for-railroads barter deal proposed The International Atomic Energy Agency could get a one-month extension of Continue Reading
India still interested in Farzad B gas field as refineries eye Iran crude
Oil at $70/b was ‘temporary’: HPCL Iranian crude grades meet India refinery specs India discovered Farzad B in 2008 India is still hopeful it can participate in the Farzad B Continue Reading
Iran official says nuke inspector deal expired; talks go on
TEHRAN, Iran (AP) — Iran’s hard-line parliament speaker said Sunday a temporary deal between Tehran and international inspectors to preserve surveillance images taken at nuclear sites had ended, escalating tensions Continue Reading