Oil surges past $120 to war-time high as Trump rejects Iran overture Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war. Iran
Turkey advances gas pipeline plan to northern Cyprus as East Med rivalry grows The Turkish energy minister said the country's oil and natural gas pipeline operator, BOTAS, has started the engineering work for the pipeline. Turkey
Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
Is Oman’s model of governance about to shift? Oman's debts are piling up as oil prices crash, putting at risk its wide-reaching social welfare system. Oman
Amid Saudi-Russia price war, US on track to become net oil importer: Report The coronavirus and the Saudi-Russia oil price war are contributing to a fall in US oil production and the United States is expected to become a net oil importer again in the fall. Saudi Arabia
Intel: Russia rebuts Trump’s claim that Saudis agreed to oil compromise President Donald Trump tweeted on Thursday that Russia and Saudi Arabia agreed to a compromise to end the ongoing oil price war after a discussion between President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman. Saudi Arabia
Can Iran's president turn around its economy? Iran's economic plight — compounded by US sanctions, low oil prices and COVID-19 — depends on risky and difficult reforms for a turnaround. Iran
Saudis risk losing last Republican defenders with oil price war The oil price war places the Saudis at risk of losing their previously stalwart defenders on Capitol Hill, the last line of defense against legislation targeting the kingdom. Saudi Arabia
Can Russia, Saudi Arabia strike new OPEC+ deal with US help? As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated. Saudi Arabia
How will the COVID-19 crisis impact US-Iran tensions? If Iran can hold out long enough against COVID-19, Tehran and Washington might be able to come to terms. United States
Intel: Republicans dial up pressure on Saudis to end oil price war with Russia Republicans are throwing their weight behind the Donald Trump administration’s push to get Saudi Arabia to end its oil price war with Russia, which has increasingly squeezed American energy companies as the coronavirus runs rampant throughout the United States. Saudi Arabia
Archive Upfront from Mar 26, 2020 Turkey appears to want more than Syria’s oil Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area. Syria
Intel: How the US is relying on Riyadh to reassure global markets In a phone call with Crown Prince Mohammed bin Salman on Tuesday, US Secretary of State Mike Pompeo urged Saudi Arabia to “rise to the occasion” as the escalating coronavirus crisis and the kingdom’s standoff with Russia continue to hammer global markets. Saudi Arabia
Is another economic crisis looming in Iraq, with dropping oil prices? Iraqis are expressing great concern about the low oil prices amid the coronavirus outbreak, as the government may not be able to pay their salaries in the coming months. Iraq
What's behind arrest of Turkish-Azeri billionaire? Although Azeri-Turkish billionaire Mubariz Mansimov Gurbanoglu was cleared of links to the Gulen movement, he's been arrested again this week. Turkey
