The storm about the disappearance of Jamal Khashoggi after he entered the Saudi Arabian consulate in Istanbul in October is unlikely to pass soon. If murder has been committed, it is unforgivable. But Saudi Arabia’s status as a small nation…
Tag: OPEC
Moscow, oil and the Middle East game of nations 2018
Russia backs Iran and Syria but is doing deals with Israel and Saudi Arabia Oil is the key in critical Middle East developments this May. After meeting Syria’s President Asad in Sochi on 17 May, Russian President Putin said that…
Trump’s Jerusalem statement is due to growing US energy independence, top energy department official says
Dan Brouillette. Credit: Washington Examiner Deputy US energy secretary Dan Brouillette has said in an interview published yesterday that President Trump’s announcement that the US will recognise Jerusalem as Israel’s capital is evidence that policies designed to reduce dependence on…
New energy deal of the century
Opec secretary general Mohammed Barkindo this week stoked expectations that the Opec-non-Opec “energy deal of the century” will be renewed The 173rd meeting of Opec oil ministers opens in Vienna on 30 November but the gathering will be anything but…
Trump’s energy agenda defined
President Trump has declared he will free the US oil and gas industry to increase output, reduce climate action laws and end American dependence on OPEC and “any nations hostile to our interests” in his first energy policy statement. “The…
The dawn of the Al-Falih era for world oil
Saudi Energy Minister Khalid al-Falih is the new king of global oil In a confident performance at the Atlantic Council Energy Forum in Abu Dhabi today, Saudi Arabia’s Energy Minister Khalid al-Falih targeted the legions of sceptics questioning the kingdom’s…
OPEC agrees production ceiling; quota system
OPEC announced this evening that its 14 member states would contain output at 32.5-33.0m barrels a day (b/d) and set production limits for OPEC producers. The production limit appears to represent a concession by Saudi Arabia which had previously said…
Iran rejects output cuts
Iran’s Minister of Petroleum Bijan Zanganeh Iran has repeated its assertion that it’s unwilling to accept production cuts so long as its market share remains below where it was before the embargo imposed by most importers on Iranian oil in…
Saudi Arabia dismisses output cut call
Energy Minister Al-Falih says oil market intervention is unnecessary Saudi Arabian Energy Minister Khalid Al-Falih has effectively ruled out the possibility that major oil producers will agree a production cut next month, Reuters reported on 25 August. “We don’t believe…
Iran oil output to approach 4m b/d soon
Iran’s deputy oil minister Roknodin Javad Iran’s total oil production will come close to 4m b/d during the summer on soaring exports, comments made today by the Islamic republic’s deputy oil minister Roknodin Javad suggest. He said Iran’s oil export capacity…