Oil & Gas 360º
JUNE 11, 2025
Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. Saudi Arabia accounted for 2 mb/d of the group’s 3.15 mb/d in output cuts before it started unwinding in April.
The Energy Law
AUGUST 18, 2016
This clarification comes after a number of leaks in 2014 and 2015 from pipelines that were believed to be “abandoned.” In two incidents, the current owners or operators of the pipelines had purchased the pipelines from previous owners or operators with the understanding that the pipelines had been properly abandoned before purchase.
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Energy Outlook Advisors
MAY 14, 2025
Strangely enough, the US abandoned the costly price controls, and liberalized energy markets in the early 1980s. By 2015, it was clear that OPEC was losing its clout, despite Saudi efforts, simply because of major production outside OPEC, specifically in Russia and the US.
Oil & Gas 360º
APRIL 24, 2025
Its reach out to the European powers party to a 2015 nuclear deal suggests Tehran is keeping its options open. Trump, who abandoned the 2015 pact between Tehran and world powers during his first term in 2018, has threatened to attack Iran unless it reaches a new deal swiftly that would prevent it from developing a nuclear weapon.
Rigzone
JUNE 23, 2025
Before the Israeli attack on June 13, American and Iranian negotiators had held several rounds of talks on an agreement on curtailing Iran’s program — to replace the 2015 nuclear deal which Trump abandoned during his first term. Since then, Trump has alternated between military threats and hints of renewed diplomacy.
Crude Oil Futures
APRIL 16, 2025
However, Iran views any demand to abandon enrichment beyond this permissible level and to restrict it to a specific site, as stipulated by the now-defunct 2015 Joint Comprehensive Plan of Action (JCPOA), as a red line. The US and Israel express concern that Iran has already accumulated over 300 kg of uranium enriched to 60%.
Rigzone
JUNE 26, 2025
Before Israel’s June 13 attack on Iran, Trump envoy Steve Witkoff had taken the lead in five rounds of talks with the Islamic Republic and its foreign minister, Abbas Araghchi, seeking a deal to replace the 2015 nuclear agreement that Trump abandoned during his first term. A key sticking point was over uranium enrichment.
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