The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 nuclear deal, and Tehran would see the accord as operational as long as it can sell oil, the Oil Ministry’s news service quoted senior officials as saying on Monday.
Energy independence has been a U.S. energy policy unicorn ever since the oil crises of the 1970s. However, true energy independence is not economically feasible or even desirable, owing to the globalization of crude oil markets
Exxon Mobil is abandoning its joint exploration ventures with the Russian oil company Rosneft, retreating from what was one of its most promising investments until Western sanctions got in the way.
According to the prevailing wisdom, 1979 was the turning point in the Middle East. It certainly was a busy year.
The past year was quite a whirlwind, especially on the policy front. Unlike many advocacy organizations, Fuel Freedom was well positioned to continue progress both philosophically and with the relationships we have built over the past few years. Read more →
Crown Prince Mohammed bin Salman’s decision to shake up Saudi Arabia’s longstanding patronage system and root out “corruption” introduces further uncertainties after a decade of black swan events in global oil.
The geopolitical turmoil unleashed by the unprecedented crackdown helped push oil prices higher, creating an ancillary benefit for both the kingdom’s rulers and the upcoming IPO of Aramco.
Oil prices rose 3 percent on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown.
The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, have cut overall output by about 1.8 million bpd since January. The pact runs to March 2018, but the producers are considering extending it.
Naval Station Norfolk, home to the Atlantic Fleet, floods not just in heavy rains or during hurricanes. It floods when the sun is shining, too, if the tide is high or the winds are right. It floods all the time.
