More: Energy
US Gains Influence in Iraq After Pipeline Battle Amid Iranian Drone Attacks
In mid-July, Iranian-backed drones struck multiple oilfields in Iraq’s Kurdistan region, targeting facilities operated by U.S. companies including HKN Energy and Hunt Oil. The...
OPEC+ Unveils New Capacity Rules in Bid to Calm Global Oil Markets
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the new OPEC+ mechanism for assessing members’ maximum production capacity will help stabilise...
Rocket Attack Shuts Iraq’s Khor Mor Gas Field, Causes Widespread Power Cuts
Production at Iraq’s Khor Mor gas field, one of the largest in the Kurdistan region, was halted after a rocket struck a storage facility...
Could Oil Be Maduro’s Ticket to a Deal with Trump?
Venezuelan President Nicolas Maduro may use crude oil shipments, mainly sold to China, as leverage in potential negotiations with the U. S. President Trump's...
Serbia’s Russian-Owned Oil Refinery Nears Shutdown Under US Sanctions
Serbia's oil refinery, owned by Russia's NIS, will shut down in four days if the U. S. does not lift sanctions on the project,...
Ukraine Hits Russian Power Station in Moscow Region
Ukraine targeted a heat and power station in the Moscow region with drones on Sunday, causing a significant fire and leaving thousands without heating....
Iran’s Energy Crisis and Tehran’s Strategic Turn to Russia and China
Following a summer of widespread blackouts and record heat, and in the wake of June military strikes by Israel and the U.S. on its...
Aramco Inks Massive $30 Billion-Plus in Preliminary US Deals
Saudi Aramco announced on Wednesday that it has signed 17 preliminary deals with U. S. companies, valued at over $30 billion, during the Saudi...
Serbia’s Russian-Owned Oil Giant Seeks U.S. Lifeline
Serbia's Russian-owned oil company NIS has sought a special license from the U. S. Treasury’s Office of Foreign Assets Control (OFAC) to continue operations...
The Lukoil Question: A Guide to Its Global Assets and Potential Buyers
Russia's Lukoil is disposing of its international assets following U.S. sanctions. The sale to Swiss trader Gunvor was rejected, prompting a rush for alternative...