US to Authorize Venezuelan Oil Resale to Cuba’s Private Sector

• Thursday, 26th February 2026
• by Samar Samir

The US Treasury Department would grant licenses for companies that want to resell Venezuelan oil to Cuba’s private sector, according to Reuters. The move aims to alleviate the island’s acute energy crisis following th...

Iran: Domestic Companies Capable of Developing Farzad B Gas Field

• Sunday, 13th May 2018
• by Editorial Team

Iran will award Farzad B gas field to domestic Iranian contractors if India withdraws from negotiations over the field’s development, Tehran Times reported. The two countries are currently negotiating a $3-4 billion d...

Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets

• Thursday, 10th May 2018
• by Editorial Team

Riyadh is working closely with the UAE and Russia on “coordination and market consultations,” regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC...

Oil Spikes as Trump Exits Iran Deal

• Wednesday, 9th May 2018
• by Editorial Team

Oil prices rose more than 2% on May 9, after President Donald Trump announced the US withdrawal from the Iran nuclear deal and a reimposition of the “highest level” of sanctions on the Islamic Republic, Re...

Iran Reduces Fuel Imports as New Refinery Opens

• Thursday, 22nd March 2018
• by Editorial Team

Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources say, Reuters reported. The Persian Gulf Star gas condensate refinery began operations in April 2017 and en...