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Venezuela’s secret plot to sell banned Syrian oil in U.S. market

Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its crude oil through Russia to the Caribbean.

Iraq mulls largest sovereign oil-hedging deal, topping Mexico

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street.

Iran's maxed-out crude output eases OPEC push to extend cuts

Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.

Oil holds gain as data show U.S. supplies fall before OPEC meets

Oil rose a sixth consecutive day as industry data showed U.S. crude stockpiles declined before OPEC meets to decide on extending supply cuts.

Proserv Middle East secures multiple contract awards

Energy services company Proserv has been awarded a series of contracts worth a combined value of more than $11 million for its production control new-build and after-market services in the Middle East.

Serinus Energy halts production in Tunisia, as protestors block roadways

Serinus Energy Inc. has announced that it has temporarily shut-in production at Sabria field in Tunisia, due to continued social unrest in the southern part of the country.

Oil trades near one-month high as OPEC poised to extend cuts

Oil was little changed near a one-month high as traders weighed the prospect of OPEC prolonging production cuts.

OPEC on verge of nine-month cuts extension after Iraqi backing

OPEC is poised to continue their production cuts for another nine months after Iraq backed an extension.

Oil rises to one-month high as Saudis see output curbs into 2018

Oil rose to the highest in a month as Saudi Arabia said all producers participating in output cuts agree on extending the deal through the first quarter of 2018.

Rouhani win seen speeding Iran's oil push amid Trump threats

Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs to boost oil production, according to analysts at Cornerstone Global Associates and SVB Energy.

Saudis greet Trump with deals worth billions of dollars

Saudi Arabia welcomed U.S. President Donald Trump with agreements for deals worth tens of billions of dollars on Saturday, as he embarked on his first state visit to the kingdom, which is undertaking unprecedented economic reforms.

McDermott and Saudi Aramco announce MOU as part of IKTVA initiative

McDermott International, Inc., signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative.

Schlumberger signs MOU with Saudi Aramco

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.

U.S. shale roars back at OPEC

OPEC may get its members to agree to continue to tamp down oil production, but it will be a Pyrrhic victory.

OPEC risks deal fatigue as maintaining oil curbs gets tougher

OPEC impressed oil traders this year by making almost all the supply cuts it promised. Keeping output down will only get harder.

Aramco said to plan at least 10 energy deals during Trump visit

Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.

Kuwait joins Saudi Arabia, Russia to seek oil cuts into 2018

Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles.

Oil jumps as Saudis, Russia favor extending output deal to 2018

Oil jumped to its highest level in more than two weeks after the Saudi Arabian and Russian energy ministers said they are in favor of extending a production-cut deal for nine months.

Saudi Arabia, Russia favor extending oil cuts through March

Saudi Arabia and Russia said they favor prolonging oil-output cuts through the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs.

Libyan oil output creeps higher as OPEC nears decision on cuts

Libya is ratcheting up oil output with less than two weeks to go before the world’s biggest exporters decide whether to extend production cuts to clear a supply glut.