As Saudi Arabia raised its production. the number of rigs drilling for oil in the US fell by 80%.
Read More »Saudi Arabia`s Problem to Sell Extra Oil After Deal With US
Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.
Read More »President: US Should Know War with Iran Is Mother of All Wars
The Iranian president has warned the United States. stating that peace with Iran would be crucial for Washington'.s policies.
Read More »Supreme leader Threatens to Block All Gulf Oil Exports if Its Own are Stopped
The statement comes in response to anti-Iran rhetoric by the US. which is currently pressing allies to cut off Iranian crude exports.
Read More »It`s Clear who is Right and Wrong in Trade Row between U.S. and China
The United States is expected to become the world’s third biggest LNG exporter by capacity in 2019.
Read More »OPEC Looking for Legal Strategy as U.S. Pushes Anti-Cartel Bill
OPEC pumps about a third of the world’s crude. and the biggest of its 15 members is Saudi Arabia. one of America’s closest friends in the Middle East.
Read More »Trump will Compete with Russian Energy
Trump has been actively pushing for European countries to diversify their energy supplies away from Russia.
Read More »No Electricity Supply to Iraq in Near Future
Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.
Read More »Mnuchin: U.S. will Consider some Waivers on Iran Sanctions
The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.
Read More »Lavrov Criticizes US Claims about Nord Stream 2
The US has repeatedly urged European countries to not participate in Nord Stream 2.
Read More »