Middle East

Human Rights Dispute Won’t Impact Oil Supply To Canada: Saudi Energy Minister

A dispute over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Aug. 9.

Aug 9 2018 - 8:33am

Iran Says OPEC May Need Extraordinary Meeting

Iran's oil minister said OPEC may need to hold an extraordinary meeting after noticing certain members were trying to adjust output without approval.

Aug 8 2018 - 10:30am

Tehran Says Trump Wrong To Expect Saudis To Cover Iran Oil Supply Loss

Iran said on July 31President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by U.S. sanctions on Iran, after OPEC production rose only modestly in July. 

Jul 31 2018 - 8:44am

Study Assesses OPEC’s Spare Capacity Value, Impact

KAPSARC study finds the cartel has the ability (at least in theory) to stabilize the price of oil.

Jul 27 2018 - 8:00am

Oil Prices Steady As US-Iran Row Balances Trade Worries

Iran has come under increasing U.S. pressure, with the administration of President Donald Trump pushing countries to cut all imports of Iranian oil from November.

Jul 24 2018 - 8:05am

Saudi Aramco Aims To Buy Controlling Stake In SABIC

Company confirms it is working on the purchase of a ‘strategic stake’ in the petrochemical maker.

Jul 23 2018 - 10:43am

Iran Pens Open Letter To Saudi Arabia Over OPEC Supply Pact

Iran Oil Minister Bijan Zanganeh's letter comes after his Saudi Arabia counterpart, Khalid al-Falih, wrote to OPEC last week saying that individual conformity levels will no longer be reported.

Jul 16 2018 - 7:25am

Weatherford To Sell Land Drilling Rigs For $288 Million

Weatherford is shedding underperforming assets in a bid to halt losses and trim its debt burden and its latest deal could boost investor confidence in the company's CEO.

Jul 12 2018 - 8:35am

Iran Vows To Sell As Much Oil As It Can In Face Of US Sanctions

Trump said he would reintroduce sanctions and Washington later told countries they must stop buying Iran’s oil from Nov. 4 or face financial consequences.

Jul 10 2018 - 7:25am

Iranian Oil Minister Calls Trump's Order To OPEC Insulting

Iran's oil minister on July 7 accused President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure.

Jul 8 2018 - 1:20pm