Saudi Arabia is threatening to start selling its natural resources in currencies other than the US dollar if Washington passes the NOPEC bill exposing OPEC
Category: Mena
Oman Clinch Deal to Invest in Sri Lanka’s Hambantota Oil Refinery Project
Oman’s oil minister said over the weekend that he was excited about his country taking part in a Sri Lanka oil refinery project in a
New Energy Hot Spot: Exxon, in U-Turn, Now Plans Oil Drilling in Israel
The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make Exxon the first oil major to
OPEC Deal Update: Saudi Arabia Slashes Oil Production, US Exports Most Affected
Saudi Arabia has cut crude exports and the initial evidence hints that the biggest slash is being made in deliveries to the United States. Moreover,
Israel’s Potash Leader Signs First Five-Year Deal with India
Israel Chemicals (ICL) announced last week that, for the first time, it had signed a five-year supply deal with Indian Potash Ltd (IPL), India’s largest
NOPEC Taking Gloves Off: Qatar Set to Pump $20 Billion into US Oil & Gas Sector
Qatar Petroleum (QP) is about to invest at least $20 billion in the United States, the company’s CEO Saad al-Kaabi said after Qatar unexpectedly announced
OPEC Break-Up: Qatar’s Exit from the Grouping Seen as a Political Move
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
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