Middle-east Arab News Opinion | Asharq Al-awsat

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An oilfield outside Kirkuk. AFP photo

Chevron Suspends Drilling Activity in Kurdistan

by Asharq Al-Awsat English | Oct 19, 2017 | Middle East

Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on Thursday, in the latest setback to the region following recent unrest. “Chevron has decided to temporarily suspend its operations,” a company...

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The Kingdom Tower stands in the night above the Saudi capital Riyadh November 16, 2007. REUTERS/Ali Jarekji (SAUDI ARABIA) – RTX1NKK

PIF Establishes New Energy Service Company ‘Super Esco’

by Asharq Al-Awsat English | Oct 18, 2017 | Saudi Arabia, Uncategorized

Saudi Arabia’s Public Investment Fund (PIF) has announced the establishment of a new energy service company, Super Esco, designed to increase energy efficiency across government and public buildings and stimulate the growth of the Kingdom’s energy efficiency...

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Traders work on the floor of the New York Stock Exchange near the Goldman Sachs stall. (Reuters)

Oil Edges Higher on Gains as Geopolitical Threats Intensify in Kirkuk, Iran

by Asharq Al-Awsat | Oct 18, 2017 | Business

London – As a number of geopolitical problems unfold, oil prices maintained gains on Tuesday, while Goldman Sachs said oil production from Iraq’s Kurdistan region was likely to be jeopardized by the standoff with Iraq. Despite the fears of the Kurdistan...

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REUTERS

OPEC: Higher Demand Forecast for Oil, Points to Tighter Markets in 2018

by Asharq Al-Awsat English | Oct 11, 2017 | Business

The Organization of the Petroleum Exporting Countries predicted higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, pointing to a tighter market that could move into a deficit next year....

Media ID: 55385016
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A general view of Baiji oil refinery in Baiji, 180 km (112 miles) north of Baghdad, January 21, 2009. REUTERS/Thaier al-Sudani

Baghdad Pressures Kurdistan by Reopening Oil Pipeline

by Asharq Al-Awsat | Oct 11, 2017 | Middle East

Baghdad- Baghdad announced on Tuesday its first practical steps to besiege the oil of the Kurdistan Region, as part of a move taken in collaboration with Turkey to retaliate against the Sept. 25 referendum which came in favor of independence. Iraq’s Oil Ministry...