Chevron last week reported a net profit of US$ 1.95 billion. up by an impressive 52 percent on the year.
Read More »Asian Imports of Iranian Oil Hit Highest in Six Months
Imports to Japan. which announced official figures on Tuesday. were down by more than 30 percent at a bit less than 216.000 bpd.
Read More »Rosneft Not Obliged to Report on Iraqi Kurdistan Projects
The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.
Read More »Russia Wants to Lay Gas Pipeline from Iran to India. but Via Gwadar
The Economic Coordination Committee has already given the go-ahead for kicking off negotiations on gas import from Russia.
Read More »U.S. To Move in On Africa’s LNG Market
There are plans to increase Africa’s power generation to 30 GW by 2030.
Read More »The Qatar Blockade Could Cause a Regional Recession
Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.
Read More »The Rise of the Petroyuan
A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.
Read More »At Riyadh Jamboree. Saudis may Struggle to Lure Foreign Funds in Recession
Austerity helped push the economy into recession in the second quarter of 2017.
Read More »300.000 Bpd Offline as Kurdistan Conflict Continues
The situation is complicated and likely to continue until the dust from the Kurdistan independence referendum settles.
Read More »Saudis Set $500 Billion Plan to Develop Zone Linked with Jordan and Egypt
Saudi Arabia will need huge financial and technical resources to build NEOM on the scale it envisages.
Read More »