AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
May 11 2024
News
Iraq launches oil and gas licensing round for 29 projects
BAGHDAD, May 11 (Reuters) - Iraq is holding an oil and gas licensing round for 29 projects in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments. The exploration blocks are spread across 12 governorates in mostly central and southern Iraq and for the first time include an offshore exploration block in Iraq's Arab Gulf waters. Iraq,
Reuters![](https://www.allsides.com/sites/default/files/bias-center.png)
Apr 16 2024
News
Venezuela Oil Production Grew 18% After Biden Sanctions Relief
The ruling socialist regime in Venezuela documented an 18-percent increase in oil output in the first trimester of 2024 when compared to the same period in 2023, according to information published by the Organization of the Petroleum Exporting Countries (OPEC) in its latest April 2024 report. The oil output windfall followed the implementation of a still-active broad oil and gas sanctions
Breitbart News![](https://www.allsides.com/sites/default/files/bias-right.png)
May 02 2024
News
UAE’s Main Oil Company Raises Crude Production Capacity
The United Arab Emirates’s main oil company said it had bolstered its production capacity, a month before the country meets with fellow OPEC+ nations to decide output levels for the second half of 2024.
Abu Dhabi National Oil Co.’s capacity is 4.85 million barrels a day, according to its website. It was 4.65 million a day at the end of last year, and the company plans to boost it to 5
Bloomberg![](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
Apr 17 2024
News
World Markets Heed $90 Oil & Its Impact on Inflation
Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher on a scale not seen in decades. The International Monetary Fund on Tuesday described an "adverse scenario" in which an escalation of conflict in the Middle East would lead to a 15% jump in oil prices and higher shipping costs that would hike global
Newsmax (News)![](https://www.allsides.com/sites/default/files/bias-right.png)
Apr 17 2024
News
US signals Venezuela oil sanctions relief at risk as deadline looms
The Biden administration has signaled that it could reimpose oil sanctions on Venezuela on Thursday in response to what U.S. officials see as President Nicolas Maduro's failure to meet his commitments for free and fair elections this year.
Barring any last-minute concessions by Maduro, the U.S. has made clear it is not likely to renew a six-month license that granted the OPEC member
Reuters![](https://www.allsides.com/sites/default/files/bias-center.png)
Oct 22 2022
Headline Roundup
Biden, OPEC, and the Ukraine War: Who's to Blame for Rising Energy Costs?
Energy, the lifeblood of an industrialized economy, is growing increasingly precarious as of late. Geopolitical ploys, environmentalist movements, and a global financial crisis have upended the global energy order, and this shift is being felt from Ukraine to Utah. Facing a production cut from OPEC+, rising inflation, and a string of toss-up midterm elections next month, President Joe Biden
MarketWatch![](https://www.allsides.com/sites/default/files/bias-center.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-right.png)
Apr 01 2024
News
UAE Slashes Exports of Medium Sour Crude
The United Arab Emirates (UAE) is slashing exports of its Upper Zakum grade as it is diverting more volumes of the medium sour crude to a huge domestic refinery, traders and analysts have told Reuters. ADNOC, the state oil and gas firm of one of OPEC’s top producers and exporters, is estimated to have shipped around 650,000 barrels per day (bpd) of Upper Zakum crude in March, compared to a
OilPrice.com![](https://www.allsides.com/sites/default/files/bias-center.png)
Oct 11 2022
Headline Roundup
Biden to ‘Re-evaluate’ US-Saudi Relations After OPEC+ Oil Cuts
Key Facts: National Security Council spokesman John Kirby suggested Tuesday that President Joe Biden was re-evaluating relations with Saudi Arabia after OPEC+ approved its largest oil production cut since the start of the pandemic.
Key Quotes: “I think the president’s been very clear that this is a relationship that we need to continue to re-evaluate, that we need to be willing to
CNN Digital![](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-right.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
Jun 02 2022
Headline Roundup
OPEC+ Agrees To Boost Oil Production as Gas Prices Remain High Worldwide
OPEC+ announced Thursday that it had agreed to increase oil output by over 50% in July and August, from 400,000 to 648,000 barrels per day.
The change could potentially help ease global oil prices — which surged after the European Union’s recent partial embargo on Russian crude oil — and it could relax fears of a looming “1970s-style energy crisis.” OPEC+, the international oil cartel
Reuters![](https://www.allsides.com/sites/default/files/bias-center.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-left.png)
![](https://www.allsides.com/sites/default/files/bias-leaning-right.png)
Mar 25 2024
News
Iraq Points the Finger at Foreign Firms for Stalled Kurdish Oil Exports
Foreign oil firms in Iraqi Kurdistan are partially to blame for the delays to the resumption of exports from the semi-autonomous region of OPEC’s second-largest producer, Iraq’s Oil Ministry said in a Monday statement carried by Reuters. Neither foreign oil firms operating in Kurdistan nor the Kurdish authorities have submitted draft contracts for the federal government to review them in
OilPrice.com![](https://www.allsides.com/sites/default/files/bias-center.png)