OPEC Thinking About $70 Oil
madaresharghi As recently as OPEC's last meeting in May, several oil ministers were talking quite casually about $50 a barrel as a good price for crude. Do not expect that ...
BP, Shell Lead Plan for New Trading Platform
madaresharghi A consortium, including energy companies BP and Royal Dutch Shell, will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on ...
HSBC Pledges $100b to Combat Climate Change
madaresharghi HSBC Holdings Plc has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the bank said on Monday. HSBC said it will ...
Brent at Two-Year Highs Amid Tightening Markets
madaresharghi Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption ...
Iran Could Replace Ceyhan for Kirkuk Oil
madaresharghi Negotiations are underway between Tehran and Baghdad to transfer crude oil from Kirkuk fields to Iran instead of sending it to the Turkish city of Ceyhan under a possible ...
Iran Seeking Role in Syria's Power Grid Reconstruction
madaresharghi Iran is looking to help rebuild Syria's power grid, as Tehran and Damascus continue to expand their political alliance in economic and energy projects. In a meeting between Syrian ...
MAPNA to Construct Combined-Cycle Plant Near Armenia Border
madaresharghi Iran’s top engineering and energy enterprise MAPNA Group on Monday signed an agreement with a domestic company for building a combined-cycle power plant in the city of Jolfa, East ...
Lebanese president calls for national unity after Hariri resignation
madaresharghi According to a statement released by presidential office on Monday, Aoun made the comment at a meeting of ministers and top security officials at Baabda Palace earlier in the ...
US resumes limited visa services in Turkey
madaresharghi The United States says it will resume visa services on a limited basis in Turkey following nearly a month-long suspension following a diplomatic row between the two NATO members. ...
Israel to construct nearly 300 new settler units in Beit-ul-Moqaddas
madaresharghi Israeli officials are expected to advance plans for the construction of nearly 300 new settler units in East Beit-ul-Moqaddas irrespective of the international outcry against the regime’s land expropriation ...