Iran has officially carried out all measures required to start the Joint Comprehensive Plan of Action (JCPOA) and begin the implementation of sanctions relief, according to a statement from the International Atomic Energy Agency (IAEA). Saturday, …
The chair of the Senate Committee on Homeland Security, Senator John Hoeven (R-ND), released a video ahead of President Obama’s State of the Union address saying that the Iran nuclear …
Relations continued to worsen this week between Iran and Saudi Arabia in the Middle East, with Iran claiming …
Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index…
Oil prices were up Monday morning as tension between nations in the Middle East continue to rise. Saudi Arabia’s execution of Shia Muslim cleric Nemer al-Nemer on Saturday ignited rage in Tehran, where …
Five years ago, U.S. oil major ConocoPhillips (ticker: COP) sold its single largest asset in Russia, a stake in Lukoil (ticker: LKOH), for $9.5 billion.
Last week COP announced that it has sold …
During a visit to China, Iraqi Prime Minister Haider al-Abadi signed a memorandum …
Cooperation is abundant. Russian shipyard Red Barricades is in talks with Iranian companies on joint construction of offshore platforms to drill for oil in the Persian Gulf, the shipyard’s …
Just over a year after deciding to change its focus to defending market share rather than oil prices, OPEC members left …
Oil prices fell lower today as OPEC showed no signs of changing its policy of defending market share, which the group started on Thanksgiving Day of last year. U.S. crude benchmark WTI …
Over the course of last weekend, Iran outlined the contractual terms on its new Iranian Petroleum Contracts (IPCs). Iran hopes to use the new contract terms to attract international investors to its …
OPEC production declined in September, led by lower output in the group’s three-biggest producers, according to a survey conducted by Bloomberg. The survey was taken of oil …
Senate Democrats blocked a Republican resolution of disapproval of the Iran nuclear deal from going to a final vote today, with the procedural motion to move to a final …
Spain reached an agreement with Iran to ship natural gas from Iran to Europe following the release of sanctions against the country. Iranian authorities and an economic trade delegation of …
China’s Shanghai Composite index saw the single largest one-day percentage loss since 2007 earlier today, shedding 8.5% of its value. Even as Chinese authorities allowed pension funds managed by local governments to invest …
Via Reuters:
SEOUL (Reuters) – South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement …
A diplomatic milestone was reached on July 14 of this year when the U.N. Security Council’s five permanent members, plus Germany (P5+1), reached a nuclear deal with Iran. With the deal …
Chairman of Iran’s oil contracts restricting committee Mehdi Hosseini said that Iran has selected 45 oil and gas projects to show international companies at a conference that will be in London in December 14-16. Hosseini said that Iran would present …
(NOTE: Part One of this two-part analysis was published yesterday and can be accessed here.)
Iran is the loudest blender of the oil market margarita.
The EU …
Senator Chuck Schumer (D-NY), the most influential Jewish voice in Congress, announced Thursday that he would oppose the Iran nuclear deal. Schumer is the ranking member on the Committee on Rules and Administration, …
Managing Director of the Iranian Gas Engineering and Development Company Alireza Gharibi said the company finished testing 100 kilometers (about 62 miles) of pipeline …
OPEC Secretary General Abdalla Salem El-Badri said the organization does not expect prices to fall any lower as demand picks up in 2016 and continues to grow through the end of the decade. “The …
A sanctions regime was put in place against Iran starting in 2005 when the international community found that the Middle Eastern country was not in compliance with its obligations …
Oil prices closed below the $50 per barrel mark Wednesday for the first time since April. West Texas Intermediate finished the day at $49.19 per barrel on July 22, 2015. The last time prices …
Refineries across Europe are anticipating the return of Iranian crude oil to their operations, and the potentially higher margins as added crude pushes prices down further. Approximately …
The much anticipated deal between Iran and the five permanent members of the U.N. Security Council, plus Germany (P5+1), was …
The PRIX index, which forecasts the effects of political developments on oil exports, fell one point to 55 for the third quarter of 2015. The index works …
Chairman of global oil and gas consultancy FGE, Dr. Fereidun Fesharaki, in a conference call organized by Credit Suisse, said he believes that the basics of …
The five permanent members of the United Nations Security Council and Germany (P5+1) are set to reach a comprehensive agreement with Iran regarding its nuclear agreement by June 30, potentially …
With all eyes peering toward Vienna tomorrow, analysts and experts are in near lockstep that OPEC will maintain production, with a few saying it may raise its cap …
