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A cabinet reshuffle by King Salman has led to the merging of several ministries in the oil rich kingdom and the new arrival of new ministers; the most noticeable being the appointment of a new oil minister, in the person Read more
US Secretary of State John Kerry and Iranian Foreign minister Mohammed Javad Zarif met at the UN headquarters Tuesday to discuss the implementation of the July 2015 nuclear deal reached between the so-called P5+1 and Iran. Kerry told reporters that Read more
The meeting between OPEC members and non-OPEC members in Qatar on freezing oil production levels based on the January data ended without any deal following Saudi Arabia’s stance that Iran must be present at the meeting before a deal could Read more
Some OPEC and non-OPEC members are reluctant to freeze their production at the January 2016 levels, although such a move will allow the oil market to recover gradually, said Algerian Energy Minister Salah Khebri Monday on the sidelines of a Read more
Hopes of an agreement between major oil producers to freeze production could be fading away after the Iranian oil minister Bijan Zanganeh said that exportation of the country’s oil and gas condensate has exceeded 2million barrels per day after daily Read more
Bahrain’s oil and gas investment and business development company Nogaholding signed a five year $750 million multi-bank Islamic loan to finance the expansion and development of some projects including the construction of a liquefied natural gas import terminal. The loan Read more
Britain, France, Germany and the United States denounced the missile tests conducted by Tehran as challenging the UN resolution 2231 because they can result in nuclear weapons. This came in a joint letter they addressed to the UN Secretary General Read more
Kuwait and Saudi Arabia have reached an accord to begin production at the jointly operated Al-Khafji oil field where production was halted in October 2014 but differences still remain over the Wafra oil field. The announcement was made by Kuwaiti Read more
Qatar’s ministry of energy and industry said the meeting between OPEC members and oil producing non-OPEC countries to be held in April is aimed at reaching “an agreement among producers on freezing their crude output at January levels in order Read more
Iran’s foreign minister Mohammad Javad Zarif in a series of tweets launched a ‘charity begins at home’ approach to defend Tehran’s missile program and last week’s test-firing of Qadr-H, Qadr-F and Qiam ballistic missiles. He said countries that question Iran’s Read more