International oil companies operating in Kurdistan continue to smuggle over 1,000 oil tankers daily amid a pipeline shutdown since March 2023. According to Reuters investigations, this illicit trade routes crude through Iran and Turkey, generating approximately $200 million monthly despite regulatory challenges. Although Kurdistan hasn’t been able to export its
The U.S. House of Representatives Committee on the Judiciary is reportedly preparing a bill to pressure the OPEC oil producers’ group to punish OPEC for the recent positive developments out of the Middle East. In early May, the U.S. House of Representatives Committee on the Judiciary was reportedly considering a bill to
OPEC secretary-general Mohammad Barkindo unexpectedly died at the age of 63. The 2016 pact, which united the group with Russia and created OPEC+, was drafted by the native of Nigeria.
Saudi Arabia had publicly expressed its dissatisfaction with the Biden Administration’s lack of assistance for Saudi defense against the Iran-backed Houthis in Yemen before. Now, the US Senate has passed the NOPEC Antritrust bill, paving way for Biden to sue OPEC.