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Daniel J. Graeber latest

Crude oil prices rally after U.S. President Donald Trump backs out of the Iranian nuclear deal. (AFP)

May 10th, 2018 - 06:44 GMT

Oil Prices Respond to Trump's Move on Iran With Surge

Crude oil prices were moving sharply higher Wednesday after the U.S. decision to leave the Iranian nuclear accord, though assurances were quick to emerge.

Both major oil producers have moved closer together in the face of increasing U.S. sanctions pressure. (Shutterstock)

April 25th, 2018 - 09:17 GMT

Russia Eyes an Interim Trade Agreement With Iran

Bahrain put the size of its newest offshore discovery at 80 billion barrels, noting production could begin within the next five years. (File photo)

April 5th, 2018 - 11:00 GMT

Bahrain Estimates New Oil Discovery Has 80 Billion Barrels

A ministry spokesperson said Iraq realized an average price of $62.59 for a barrel of its oil in January. (Shutterstock)

February 28th, 2018 - 04:00 GMT

Iraq Exports More Than 100 Million Barrels of Oil in January, 3.5 Million a Day

OPEC members will meet on Thursday to discuss the prolongation of the oil cut deal. (AFP)

May 24th, 2017 - 05:00 GMT

Oil Prices Stall Ahead of Pivotal OPEC Meeting

A Libyan security member walks past an oil drill on the Al-Ghani oil field near the city of Waddan on March 23, 2013. (AFP)

May 10th, 2017 - 09:00 GMT

Libya Has Potential to Produce 1 Million Oil Barrels Per Day, But It Can't: Here's Why

Win for pro-EU Macron and talk of extending a production deal by OPEC may not be enough to stimulate oil markets. (AFP)

May 9th, 2017 - 09:00 GMT

Macron Win, OPEC Cuts Not Enough to Stimulate Oil Markets: Analysts

The Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut global oil production by 1.2 million barrels per day to balance an oversupplied market through managed production declines. (AFP/ Yasser Al Zayyat)

May 3rd, 2017 - 12:00 GMT

Kuwait Petroleum Reports $715 Million Net Profit Despite Competition, Oil Turbulence

The project will help Iraq expand port facilities for the Persian Gulf. (AFP/ Haidar Mohammed Ali)

April 26th, 2017 - 11:23 GMT

UK's Petrofrac lands multimillion-dollar oil contract in southern Iraq

Saudi Arabia, the de facto head of OPEC, has boasted of its lead position among member states cutting production. (Shutterstock)

March 15th, 2017 - 09:00 GMT

OPEC production cut: Is output creeping up?

Rosneft is going through privatization, but remains partially owned by the Russian government. (Rosneft)

March 2nd, 2017 - 09:00 GMT

Russia's Rosneft calls for Libyan autonomy after striking oil deal

OPEC Secretary-General Mohammad Barkindo said there was strong coordination around the agreement, comments that followed reports suggesting stronger action in the second half of the year. (File photo)

February 26th, 2017 - 08:00 GMT

OPEC, non-OPEC reach 86 percent compliance with product cuts

Rosneft is Russia's largest oil producer. For the fourth quarter, the company said its net production was up 11.8 percent year-on-year for a new record high. (Shutterstock)

February 21st, 2017 - 05:24 GMT

Russia's Rosneft begins new drilling operations in Iraq