This is Beirut, 28/05 13:50 - Reading : 3 minute(s)
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, hold talks Wednesday to discuss their production levels as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output ...
This is Beirut, 27/05 22:35 - Reading : 1 minute(s)
United States Iraq Gas Oil Kurdistan
The United States said Tuesday it supported American energy companies' contracts with Iraq's autonomous Kurdish region after the Iraqi government filed a lawsuit against them. Regional Prime Minister Masrour Barzani announced the signing of the two deals valued at tens of billions of dollars during a visit to Washington, in which he met Friday ...
This is Beirut, 19/05 17:45 - Reading : less than a minute
In southern Iraq, the legendary Mesopotamian Marshes face a new threat: oil exploration.
Christiane Tager, 05/05 21:45 - Reading : 2 minute(s)
It appears that the fuel partnership with Iraq is under strain – or even under high tension. Since July 2021, Iraq has been Lebanon’s main fuel supplier thanks to a $700 million contract, renewed in 2023, bringing the total to $1.4 billion. In return, Lebanon had committed to delivering Lebanese goods and services, particularly in the medical ...
This is Beirut, 30/04 19:10 - Reading : 2 minute(s)
The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite new nuclear talks between the adversaries. The United States said it was targeting five trading companies—four based in the United Arab Emirates and one in Turkey—that sold Iranian-origin petrochemical ...
This is Beirut, 2024-12-20 15:25 - Reading : 1 minute(s)
United States Iran sanctions oil
The United States has intensified sanctions against a growing number of oil tankers and companies accused of being involved in the trade of Iranian oil, Bloomberg reported,. Nine ships and eight companies have been added to the sanctions list, according to a government statement released on Thursday. Among the vessels targeted is the MS Enola, ...
Antoine Menassa, 2024-12-18 09:35 - Reading : 3 minute(s)
At the 5th Economic Summit, organized by the Franco-Arab Chamber of Commerce in Paris on December 12, 2024, TotalEnergies CEO addressed the potential for oil or gas discoveries off Lebanon's Mediterranean coast. He expressed regret that, at this stage of exploration, they had not found what they were hoping for, stating, “At this point, we ...
This is Beirut, 2024-11-05 10:05 - Reading : 3 minute(s)
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 "was mainly due to the impact of lower crude oil prices and weakening refining margins", the firm said in a statement posted to the Saudi stock ...
This is Beirut, 2024-10-22 17:46 - Reading : 2 minute(s)
Middle East Tehran United Nations Oil
Oil prices have surged amid renewed concerns over a potential Israeli retaliation against Iran following Tehran’s missile attack on Israel on October 1. Brent North Sea crude for December delivery rose by 1.68%, reaching $74.29 a barrel, while US West Texas Intermediate (WTI) for November delivery increased by 1.94%, settling at $70.56 a ...
2024-10-15 22:04 - Reading : 2 minute(s)
Oil prices continued their downward trend on Tuesday, falling by more than 3%, after The Washington Post reported that Israeli Prime Minister Benjamin Netanyahu had assured US President Joe Biden in a phone conversation that he planned to strike the Iranian military, not oil or nuclear infrastructure, in retaliation for the Iranian strikes on ...