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The unstoppable rally in natural gas prices continued this week, with European natural gas prices in particular soaring

Middle East oil producers were looking to ramp up supply this autumn, but poor demand in Asia as a result of another wave of COVID is throwing a spanner in the works

Iraq’s total oil exports in May, including those from the semi-autonomous Kurdistan region, fell 1.4% from the previous month, according to oil ministry figures and Turkish Ceyhan export terminal reports seen by S&P Global Platts. OPEC’s second largest producer saw total exports fall to 3.291 million b/d in May, from 3.337 million b/d in April. ...

Iran should boost oil output to 6.5 mil b/d under new govt: Zanganeh Iran could “easily” boost its oil production capacity to 6.5 million b/d, Iran’s Oil Minister Bijan Zanganeh said May 31, as US, Iranian and European negotiators are set to convene this week for more talks over reinstating the nuclear deal. “We can easily reach 6.5 million barrels per day,” Zanganeh said at a ceremony to award studies on the country’s giant Azadegan oil field, the oil ministry’s Shana news service reported. At the ceremony, Ali Aghamohammadi, who is a member of Iran’s arbitration body Expedie...

India still interested in Farzad B gas field as refineries eye Iran crude India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, oil ministry officials told S&P Global Platts on May 23. With US and Iran talks progressing to end sanctions against the Middle East country, some Indian refiners also told Platts they are looking forward to resuming crude trade with Iran. “Any positive development on Iran would reduce crude price and help consuming countries like Ind...