Saudi Arabia has been under pressure by the US to pump more barrels to prevent oil prices from overheating.
Read More »Saudi Stocks Lead Gulf Drop as Aramco IPO Confirmed
The stalled plan to sell shares in oil giant Aramco will go ahead.
Read More »Oman Strengthens Ties with Iran despite U.S. Sanctions Loom
Iran is expected to add a massive amount of pipeline to infrastructure across the Middle East in the coming years.
Read More »Washington Mulls Waivers on Iran Oil
It was the first time a US official said the administration was in the process of considering waivers.
Read More »U.S. Actively Considering Waivers on Iran Oil Sanctions
The administration is prepared to work with countries that are reducing their imports on a case-by-case basis.
Read More »Goldman Sachs Warns Oil Market Surplus in Early 2019
Goldman’s analysts said production in Libya and Nigeria was higher than expected.
Read More »India Continues Importing Usual Volume of Oil from Iran
India has been lobbying hard to seek US sanctions waivers for the import of Iranian oil through Iran'.s Chabahar project.
Read More »OPEC Compliance 110% in September
OPEC has been under fire by the US for not pumping more to bring down oil prices.
Read More »Novak Does Not Deny Oil Price Hitting $100 Per Barrel
Russia and Iran are still considering how to make payments to one another in their national currencies.
Read More »Saudi Arabia. Russia Agreed in September to Lift Oil Output
Iran accused Saudi Arabia and Russia on Wednesday of breaking OPEC’s agreement on output cuts by producing more crude.
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