Keyword Search: Iran
1 Article
Source: Common Domain

OPEC output jumped last month, even as production cuts loom: IEA

Friday 09:54 GMT

Record pumping from Saudi Arabia lifted overall OPEC oil production in November, a bump in output that comes even as the group’s plan to impose production curbs next month has helped to put a floor under crude prices, the International Energy Agency said Thursday.

OPEC’s output was bolstered by record production from the United Arab Emirates, whose output climbed by 110,000 barrels a day to hit 3.33 million barrels day, surpassing Iran to become the group’s third-largest producer.

1 Article
Source: Reuters

Breakingviews - Trump can get what he wants from Saudi in 2019

Saturday 15:25 GMT

On current projections, the reduction of 1.2 million barrels per day removes much of a potential glut caused by epic pumping by Saudi Arabia, Russia and the United States.

The White House gave MbS a pass in November on whether he was involved in the murder of Saudi journalist Jamal Khashoggi. The president could use this leverage to call for an end to the 18-month-old blockade of Qatar or even of the war in Yemen, which the Brookings Institution says costs Saudi $50 billion annually.

1 Article
Source: BBC

Firing raises fears for new Yemen truce

Saturday 21:49 GMT

Fighting has resumed on the fringes of Yemen's port city of Hudaydah, according to residents, raising fears for a newly agreed truce.

The World Health Organization warned in October that about 10,000 new suspected cases of cholera were now being reported every week.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte