OPEC’s decision, with the support of Russia, to moderately increase production was pragmatic
trump
Posted inDRILLING & PRODUCTION
Iranian oil inventories spike by 3mn barrels in June
Islamic republic’s reserves lift substantially over the course of one month as international sanctions are set to impact Tehran’s oil trading.
Posted inDRILLING & PRODUCTION
Trump uses Twitter to reveal request to Saudi King to raise production
US President chooses his social media account to give details of conversation with King Salman regarding oil output levels.
Posted inDRILLING & PRODUCTION
Iran-Iraq swap deal not threatened by US sanctions
Iraq’s oil chief uses OPEC meeting in Vienna to confirm crude oil exchange to continue.
Posted inDRILLING & PRODUCTION
Another 1mn barrels per day agreed, says Al Falih
Much anticipated meeting at OPEC HQ brings a moderate increase in daily production in a bid to cool global crude prices.
Posted inNews
Editor’s Comment: A tale of two cities
A decision made in Washington DC in early May engendered differing reactions within our region.
Posted inDRILLING & PRODUCTION
Trump’s Iran pull-out stokes Brent crude to hit $80 a barrel
Oil prices continue to lift in the wake of President Trump’s Iran decision and Total’s likely South Pars exit.
Posted inDRILLING & PRODUCTION
Total makes Iran position clear after Trump’s JCPOA withdrawal
French supermajor announces it will pull out of its planned project at the South Pars gas field unless US grants special waiver.
Posted inDRILLING & PRODUCTION
Saudi keen to support market stability after Iran decision: Al Falih
Both Saudi Arabia and the US could look to fill gaps in future oil supply following the latter’s decision to impose sanctions on Iran.
Posted inDRILLING & PRODUCTION
Oil prices spike following President Trump’s Iran deal pull-out
US President Donald Trump’s highly anticipated decision to re-instate sanctions on Iran impacts global oil prices.