Saudi Arabia tops oil reserves with Russian fuel, sells its own to EU

Aggressive western sanctions against Russia in the aftermath of the Ukraine war have continued to backfire

Kurdish oil exports remain halted pending Turkish elections

Once a winner emerges in this weekends presidential runoff election, Ankara may use the oil dispute as leverage against Baghdad regarding water and the Turkish military presence in Iraq

Chinese firm cancels oil agreement with Yemen

The exploitation of Yemen’s oil has been monopolized by the UAE-backed government in Yemen

Asia to be driving force of oil demand for second straight year: Vitol

The president of Vitol Asia warned that growing demand at a time when OPEC+ members are cutting output could lead to a supply shortage and significantly higher prices

Yemen signs deal with Chinese firm for oil exploration

Ansarallah also warned international oil firms against signing oil contracts with the Saudi-backed Yemen government

Iran, Russia gear up for joint development of oil and gas fields

The announcement was made at Iran’s International Oil Industry Exhibition 2023 on Wednesday

Turkiye leaves Baghdad waiting over resumption of oil exports

For years, the Kurdistan Regional Government gained billions of dollars in cash by exporting crude oil to Turkiye without the approval of the Iraqi federal government

Iran’s non-oil trade with BRICS nations nears $40bn

The Iranian economy has been surging in recent years despite a 'maximum pressure' sanctions campaign from Washington

Russian oil floods global markets via major Asian intermediaries

Despite western sanctions, there is more Russian fuel being exported around the world than before the Ukraine crisis. It's just coming via Saudi Arabia, India, China, and other trading states – with steep commissions.

KRG, Baghdad yet to reach oil export agreement: Official

The Turkish government was ordered to pay a fine of $1.5 billion in damages to Baghdad for unauthorized exports from the KRG between 2014 and 2018

Iran seizes new oil tanker in Strait of Hormuz

Lately, the Islamic Republic has faced an increased maritime threat, as US lawmakers have recently urged their government to seize more Iranian oil shipments

Arab OPEC+ members expand voluntary oil production cuts

The oil production cuts have offset the economic impact of Washington's interest rate hikes, as the US faces a slowing down economy and the possibility of a new recession

US navy plunders shipment of Iranian oil at sea

Washington's latest oil theft operation in West Asia comes as US lawmakers urge Biden to seize more Iranian oil shipments to 'enforce sanctions'

Saudi Arabia may cut crude oil prices for Asian countries: Reuters

Saudi Aramco, may reduce its official selling price of crude by 40 cents to the barrel following months of price hikes

US senators demand Biden seize more Iranian oil tankers

Officials lamented that a government agency they say 'generates income in a cost-effective manner' has not been able to conduct maritime piracy in over a year

US occupation loots more Syrian oil: SANA

Western efforts to loot Syrian oil date back to April 2013 when the Al-Qaeda affiliated Nusra Front first captured Deir Ezzor province

Washington’s Arab allies threaten critics on US soil: Report

Saudi and Egyptian dissidents face death threats and physical surveillance in the US, and are at times even denied services at their consulates

Iran, Venezuela sign MoU on petrochemical cooperation, oil, gas

As part of the agreement, Tehran seeks to assist Caracas in the reconstruction and renovation of national oil refineries, aiming to maximize the capacity and outpost of these refineries

Halt of Kurdish oil exports has cost KRG $550m

Exports had been expected to resume following an agreement between Baghdad and Erbil on 4 April that critics say would reinforce corruption

Iranian oil minister in Venezuela to deepen energy ties

Owji's visit comes a few months after Iran began work on a major overhaul of Venezuela's largest refinery complex

US troops conduct new oil theft operation in northeast Syria

Syria has incurred losses of over $100 billion in its oil and gas sector since the start of the western-backed war

Iraq, IKR government agree to resume oil exports

This agreement would be a prelude to passing the financial budget law

Saudi Arabia ignores US threats over oil cuts

The Saudi decision to cut oil production further despite previous US threats suggest Washington has lost leverage against Riyadh

OPEC+ nations announce 1.5 million bpd oil production cut

Today's cuts follow a 2 million bpd cut last October, as fears of an economic slowdown continue to loom

Erbil, Baghdad reach preliminary agreement on oil export dispute

A prolonged halt on Kurdish oil exports could greatly damage the economy of the semi-autonomous Iraqi Kurdistan region

White House urges Turkiye, Iraq to resume Kurdish oil exports

Kurdish oil exports to Turkiye since 2014 have been deemed illegal by an international court

BP, Emirati oil giant looking to buy half of Israeli gas firm

Emirati-Israeli cooperation continues to move forward in the fields of both trade and energy

Saudi oil giant to build refinery in northeast China

The Saudi oil conglomerate has pledged its full support to the east Asian country’s growing demand for fuel and petrochemical products

Turmoil erupts in Iraqi parliament over controversial election law

The parliament approved amendments to the law which could potentially weaken the chances of independent parties in elections

US resumes theft of Syrian oil hours after merciless attack on occupation bases

Dozens of fuel tankers filled with Syrian oil were smuggled by US occupation troops to their bases in northern Iraq