Qatar has announced its intention to leave the Organization of Petroleum Exporting Countries (OPEC) to increase its own production. The small Gulf country is one
Category: Oil
Stabilizing Oil Market: Saudis Pondering Production Cut Despite Trump’s Pressure
Saudi Arabia is not going to act alone to cut oil production to stabilize the market, Energy Minister Khalid al-Falih said as Nigeria and Russia
Geopolitics of Energy: Iraq Restarts Oil Exports from Kirkuk
Iraq resumed exports of Kirkuk oil, which stopped a year ago due to a standoff between the Iraqi central government and Kurdistan’s semi-autonomous region after
Market Update: Oil Prices Headed Down Amidst Eight Iranian Sanctions Waivers
Oil prices declined on the news that the United States would grant some countries waivers on Iranian crude imports. Brent crude oil lost around 16
Market Update: Oil Prices Slump as US Sanctions on Iran Loom Large
Brent oil prices has gone down recently in response to the rising global supply and persisting weakness in global stock markets despite the coming sanctions
Tehran Defiant: Iran Oil Exports Not Endangered by US Sanctions
The United States cannot prevent Iran from exporting its oil, Iran’s oil minister Bijan Zanganeh said earlier this week. He added that such limitations would
Geopolitics of Energy: Saudi Arabia Acting as Oil ‘Shock Absorber’ for India
Oil prices went up earlier this week in response to the anticipating fall in in Iran’s oil exports ahead of the US sanctions. Tehran has
White House Pondering Exceptions to Oil Sanctions on Iran
The White House is actively considering exceptions to the US sanctions on Iran that it will reimpose in November. Countries that are being considered are
Clouds Lift from Libya’s Troubled Oil Sector: Foreign Companies Back in Action
Italy’s Eni is to acquire a controlling stake of BP’s Libya assets and plans to start oil exploration there anew. The company will join a
Filling in Oil Supply Gap Against the Backdrop of Iranian Sanctions
Saudi Crown Prince Mohammed bin Salman has said that his country had filled in the supply gap that had been created after Iranian crude supplies