Category: Middle East

Iran riches coveted by Big Oil after decades of conflict

As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as a potential prize for Western oil companies  More »

Saudi Aramco signs $10 billion loan as oil companies raise funds

Saudi Aramco, the world’s biggest oil exporter, is the latest oil company in the region to take advantage of low borrowing costs to raise funds.  More »

Commentary: Geopolitics and oil prices — between a rock and a hard place

Voices blogger Amy Myers Jaffe writes on how oil traders that appear to be hedging themselves against a possible deal between the West and Iran on the nuclear question miss the increasingly complex forces at play today in oil geopolitics.  More »

Yemen bombing spurs gains in almost all commodities as oil jumps

Saudi Arabia led a coalition of Sunni allies, including United Arab Emirates, Kuwait, Bahrain and Qatar, in air strikes in Yemen against Shiite rebels.  More »

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.  More »

Iran is waiting to flood the market with as much as 35 million barrels of crude

If a deal on its nuclear program is reached, the Persian Gulf nation could add its stockpiles into an oversupplied oil market where prices have fallen more than 50 percent since June.  More »

Iraq’s February oil exports below planned level for Islamic State fight

Crude exports in February averaged 2.596 million barrels a day — almost a million barrels less than planned.  More »

Asia readies for Iran oil bargains on potential nuclear deal

As world leaders seek an accord on Iran’s nuclear program, at least six Asian refiners including are anticipating more supply from the Middle East producer if sanctions are lifted.  More »

U.S. drillers scrambling to thwart OPEC threat

Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep U.S. oil competitive with much lower-cost oil flowing out of the Middle East, Russia and elsewhere.  More »

More Iran oil may flow within months of deal, officials say

Both sides are seeking a final deal by the end of June laying out steps that Iran would have to take to limit its ability to enrich uranium and produce plutonium in exchange for phasing out economic sanctions on energy and banking that have cut crude exports, choked cash flow and halted most oil investment.  More »

Saudi crude exports in January reached highest in 11 months

The growth in January exports coincided with a 7.6 percent slide in the Brent crude price that month, signaling that cheaper oil may be stimulating demand amid a global surplus.  More »

Iran producing more natural gas from field shared with Qatar

During a ceremony marking inauguration of the expansion project, President Hassan Rouhani claimed the increased gas production proved Western sanctions were ineffective.  More »

U.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil workers

Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.  More »

Saudi oil adviser says strengthening demand will lift prices

Prices have stopped falling at about $60 a barrel as expanding demand helps contain the global glut.  More »

Businesses upbeat on Egypt’s chances at investment meeting

Saturday’s focus shifted to the private sector, with several companies announcing agreements, including some from Germany’s Siemens AG that were the largest single package signed at the three-day conference.  More »
Page 1 of 3612345...102030...Last »