Category: Middle East

King Abdullah’s death not expected to change oil policy

No change in oil policy is expected.  More »

Iran sees ‘no threat’ from $25 oil

OPEC has made no decision to reduce its production ceiling despite a worldwide supply glut that’s driving down prices.  More »

Iraq pumps crude at record level amid plummeting prices

The Middle East nation, holder of the world’s fifth-largest crude reserves, is rebuilding its energy industry after decades of wars and economic sanctions.  More »

Meeting between Iran and Saudi Arabia foreign ministers delayed

A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs  More »

Iraq to double exports of Kirkuk crude amid oil surplus

Iraq, holder of the world’s fifth-largest crude reserves, is rebuilding its energy industry after decades of wars and economic sanctions.  More »

Venezuela, Saudi leaders meet and talk oil prices in Riyadh

The official Saudi Press Agency reported that the leaders discussed areas of cooperation between the two OPEC-member countries and ways to promote bilateral ties  More »

Iran and Venezuela seek oil price stability

Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon  More »

Iraq oil deal evokes Churchill in Islamic State battle

While their latest dispute was temporarily resolved last month to help finance the struggle against Islamic State, the accord has not addressed differences between administrations in Baghdad and Erbil that include the future of Kirkuk, northern Iraq’s main oil hub.  More »

How OPEC weaponized the price of oil against U.S. drillers

Representatives of Saudi Arabia, the United Arab Emirates and Kuwait stressed a dozen times in the past six weeks that the group won’t curb output to halt the biggest drop in crude since 2008.  More »

Dispute over tanker’s Kurdish oil continues in Houston court

A Houston federal judge has asked for an update on settlement negotiations between Iraq and Kurdistan over a cargo of oil anchored in the Gulf of Mexico since July.  More »

How $50 oil changes almost everything

The biggest collapse in energy prices since the 2008 global recession is shifting wealth and power from autocratic petro-states to industrialized consumers.  More »

King Abdullah: Saudi Arabia will keep ‘solid will’ as oil prices falling

The speech comes amid speculation about the 90-year-old king’s health after he was admitted to the hospital for pneumonia.  More »

Libyan fighter jets bomb Greek tanker ship, killing 2

Libya is split between a United Nations-recognized government in the east and Islamists who control Tripoli in the west.  More »

Guard of Libyan oil ports calls in strikes on Islamist militias

The fighting last week marked a turning point in the unrest that followed Muammar Qaddafi’s 42-year rule.  More »

Commentary: Reading tea leaves of Saudi 2015 budget

The kingdom has historically missed the mark between budget making and actual oil prices.  More »
Page 1 of 3312345...102030...Last »