OPEC

Iran Exceeds Uranium Limits, Threatens Further Nuclear Deal Violations

Inspectors for the International Atomic Energy Agency (IAEA) on Monday confirmed a statement by Iranian Foreign Minister Mohammad Javad Zarif that Iran has violated the 300 kilogram limit on stockpiling enriched uranium established by the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA).

The reactor building at the Russian-built Bushehr nuclear power plant in southern Iran, 1200 Kms south of Tehran, where Iran has began unloading fuel into the reactor core for the nuclear power plant on October 26, 2010, a move which brings the facility closer to generating electricity after decades of …

Saudi Arabia Wants to Capture Iran’s Oil Business

A source in the Persian Gulf region “familiar with Saudi plans” told Bloomberg News on Wednesday that Saudi Arabia has received “moderate requests from customers for shipments next month, including from former buyers of Iran’s oil.”

The Associated Press

Marcus: Trump’s Courage Could Free U.S. from OPEC

Bernie Marcus writes that President Trump’s National Security Strategy tells us that we must “embrace energy dominance” by “unleashing our abundant energy resources,” including natural gas. If we follow that course, we could break free of the stranglehold of OPEC.

OPEC

Saudis Planning $10B Investment in Texas

Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.

The Associated Press

Blackwell: Energy Security Means Putting America First

Every year, the United States spends $67.5 billion to ensure the worldwide free flow of oil. Often produced in unstable parts of the world and shipped through insecure chokepoints, the U.S. military works to make sure crude oil from other countries makes it safely onto the global market. Yet while this global oil market benefits some nations, its volatility threatens the American economy and undermines U.S. national security.

OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, the International Energy Agency says