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Iraq sign 25-year deal with KEPT to develop Ajil oil and gas field
2+ hour, 10+ min ago (252+ words) Baghdad (IraqiNews.com) – Iraqi Prime Minister Ali Faleh Al-Zaidi oversaw the official signing ceremony on Saturday, September 12, 2026, for a comprehensive 25-year contract to develop and operate the Ajil oil field, sealed between the state-owned North Oil Company (NOC) and China’s…...
Oil's safety net Is running out: Market has lost its emergency supply cushion
7+ hour, 2+ min ago (289+ words) ALBAWABA - Oil prices may be set for another sharp increase in the coming months as emergency supplies that helped cushion markets after the Iran war begin to run out, Chevron CEO Mike Wirth warned. Since the battle began in late…...
Saudi oil production just plunged to its lowest level since 1990
2+ day, 11+ hour ago (306+ words) ALBAWABA- Saudi Arabia’s oil production has plunged to its lowest level of the year as Houthi attacks, threats to Saudi shipping and the wider U.S.-Iran war increasingly disrupt the kingdom’s ability to move crude to international markets, adding fresh…...
Jordan Moves to Supply Lebanon with Gas via Arab Pipeline
2+ day, 12+ hour ago (177+ words) Jordan has approved a new regional energy arrangement aimed at easing Lebanon’s prolonged electricity crisis by supplying natural gas through the existing Arab Gas Pipeline. The Jordanian Cabinet approved the plan on September 6, allowing imported liquefied natural gas (LNG) to…...
Iran used oil-for-goods deals with China to bypass sanctions, sources say
2+ day, 16+ hour ago (110+ words) Iran has long relied on China as its main oil customer. An investigation reveals how Tehran has turned oil revenues into Chinese goods, including millions of dollars' worth of air-defense equipment, while evading international scrutiny Iran has used a barter-like…...
Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar
3+ day, 56+ min ago (373+ words) Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is…...
Turkey provisionally buys around 12,000 metric tons of sunflower oil in tender, traders say
2+ day, 19+ hour ago (41+ words) Published on 09/10/2026 at 04:34 am EDT Bessent pulls out all the stops September 10, 2026 at 02:16 am EDT ASIA COFFEE-Vietnam coffee prices gain, Indonesian robusta premiums hold firm Puerto Rico Rations Water as Drought Deepens...
Turkey expands Black Sea energy drive with new oil drilling | MEO
2+ day, 23+ hour ago (742+ words) ANKARA – Turkey will soon begin drilling a challenging oil-targeted well in the western Black Sea, Energy Minister Alparslan Bayraktar said on Wednesday. “We will soon begin drilling an oil-targeted well in the western Black Sea. It will be a difficult…...
Rubio: Iran will continue to pay price for attacks on US ships
3+ day, 7+ hour ago (35+ words) Secretary of State Marco Rubio says Iran will face further consequences for attacks on US ships as Washington maintains economic pressure on Tehran. Rubio: Iran will continue to pay price for attacks on US ships...
Drone targets Iraqi-chartered oil tanker carrying 2 million barrels
3+ day, 8+ hour ago (186+ words) An oil tanker carrying about two million barrels of Iraqi fuel oil was targeted in a drone attack in Iraqi territorial waters early Wednesday, causing a fire and minor damage to its hull, Iraqi officials said. Two Iraqi port officials…...