US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes
Read More »Saudis to Sell Power to Iraq at a Fraction of Iran`s Price
The deal includes building a 3.000-megawatt plant in Saudi Arabia.
Read More »Ukrainian PM Promises Energy Independence from Russia
The first round of talks regarding the extension of transit of Russian gas through Ukraine after 2019 took place in July.
Read More »Iran FM to Visit Singapore to Join ASEAN Treaty
There is a consensus among Southeast Asian countries to accept Iran as a party to the treaty.
Read More »US Sanctions Will Not Affect Russia-Iran Railway Cooperation
The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.
Read More »Aramco is Weighing Global Bond Sale to Finance SABIC Deal
Aramco has appointed JPMorgan Chase &. Co and Morgan Stanley to advise on the SABIC deal.
Read More »Al-Abadi Fires Electricity Minister after Weeks of Protest
Electricity consumption has gone up in Iraq since the 2003 US-led invasion that toppled Saddam.
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Kuwait Set to Stop Oil Exports via Bab Al-Mandeb
All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure
Read More »US and Europe Reach Trade Cease Fire
Juncker was dispatched to Washington this week along with other European officials as part of a last-ditch effort to halt those tariffs.
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