Saudi Arabia’s King Salman landed in Moscow on Wednesday, in the first official visit to Russia, where he is expected to discuss energy and regional affairs. Saudi Arabia’s King Salman arrived in Moscow on Wednesday, [ More … ]
Saudi Arabia is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb oil supplies to bolster prices, ADIA head of research has said. Saudi Arabia, the world’s biggest crude [ More … ]
The thwarted attack targeted an Aramco petroleum terminal in the Kingdom’s Jizan province. No injuries were reported, the ministry reported. Saudi authorities thwarted an attempt to target a major oil plant in the country using [ More … ]
Presidents of Russia and Iran addressed the importance of oil output deal with OPEC in stabilizing the market, pledged to continue these efforts and mentioned the importance of new economic ties in oil and gas between the two [ More … ]
Iran expressed its satisfaction about the latest deal with OPEC that included cutting the oil production to support its international prices, giving reaffirms and hope about future cooperation. The Organization of the Petroleum Exporting Countries [ More … ]
Iraq working to double crude oil loading capacity at one of its two southern offshore oil export terminals to 1.2 million barrels per day Iraq has started work to double the crude oil loading capacity [ More … ]
OPEC has agreed its first oil output cuts since 2008 and Iran accepted the deal and cutting its productions after months of resisting, while Saudi Arabia accepted “a big hit” on its production to be [ More … ]
In a surprise move, Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, adding that keeping output at [ More … ]
OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, after Iran refused to reduce its [ More … ]
OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, after Iran refused to reduce its [ More … ]
OPEC members have in recent months repeatedly met to discuss production cuts. The cartel’s members are suffering from the dramatic decline in oil prices over the past two years, which has seen crude dropping to [ More … ]
Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, as both countries’ ministers met on Sunday. “I hope the two sides can reach an [ More … ]
– Congress will host 266 speakers from 80 countries with heads of states including Russian President Vladimir Putin – The 23rd World Energy Congress 2016 in Istanbul will bring together hundreds of leaders and representatives of the [ More … ]
For years, debates in the OPEC conference rooms were dominated by clashes between top producer Saudi Arabia and its arch-rival Iran. Finally, the two rival countries agreed that they need to cut crude output to [ More … ]
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC [ More … ]
Copyright © 2016 | Middle East Observer