US Exports Take Iran’s Place In India’s Oil Market
Sanctions forced Indian importers to seek other suppliers.
June 24, 2019
Middle East
Weatherford Exec Discusses MENA Region’s Changing Landscape
Competition heats up for oilfield service providers in the Middle East and North Africa region as key trends around AI and big data emerge.
June 21, 2019
Oil Jumps 3% As Iran Shoots Down US Drone In Gulf
Expectations of a rate cut by the Fed have also propped up the price.
June 20, 2019
Staff Evacuated As Rocket Strikes Near Foreign Oil Firms In Iraq
There was no immediate claim of responsibility for the attack near Iraq’s southern city of Basra, the fourth time in a week that rockets have struck near U.S. installations.
June 19, 2019
Iran, Russia Talks Raise Hopes Of Progress On OPEC+ Meeting Date
Russia wants to move talks to avoid conflict with G20 meetings in Japan.
June 17, 2019
Iraq Lifts Production At Exxon Mobil’s West Qurna 1 Oil Field
West Qurna 1 oil field, developed by Exxon Mobil, was previously producing about 440,000 bbl/d.
June 17, 2019
US Allows Iraq To Import Iranian Energy For Three More Months: Iraqi Officials
The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to U.S. sanctions for Baghdad, two government sources said on Saturday.
June 15, 2019
Saudi Energy Minister Hopes To Balance Oil Market Before Next Year
Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year.
June 15, 2019
Strait Of Hormuz And The Risk Of Uncontrolled Escalation
Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States.
June 13, 2019
Analysts: Tanker Bombings Point To More US-Iran Tension, Oil Price Rise
Oil prices rose Thursday following attacks on two Asia-bound tankers plying the Gulf of Oman, just east of the Strait of Hormuz, a major choke point for global crude markets.
June 13, 2019