The escalation of conflict in the Middle East following US and Israeli strikes on Iran has placed global energy markets on edge, Wood Mackenzie, a global research and consulting firm,said, warning that oil and LNG prices...
As Libya ramps up drilling activity to boost oil output to 2mn b/d by end-2026, NOC has announced a raft of new oil additions over the past week. On 24 February, Akakus Oil Operations announced the successful horizontal ...
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Basil Allam, Country Manager of Chevron Cyprus, via video conference to coordinate the executive steps for connecting the Cypriot Aphrodite gas field to...
Israel’s energy ministry announced on 25 February that it would launch its fifth offshore licensing round (OBR5) in the coming days. It is pressing ahead with efforts to attract new international players even though aw...
Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels amid escalating hostilities between the United States and Iran, according to Reuters. Shi...
Saudi crude oil exports have increased sharply this month, preliminary data from Kpler shows. Exports are on course to average 6.9mn b/d in February, up 330,000 b/d to the highest level since April 2023 (see chart). That...
QatarEnergy has halted production of liquefied natural gas (LNG) and related products after military attacks targeted its operational facilities in Ras Laffan Industrial City and Mesaieed Industrial City in Qatar. In a s...
Valmore Holding, previously known as Egypt Kuwait Holding, reported its financial results for the fiscal year (FY) 2025, with revenues rising 24% year-on-year (YoY) to $685 million. Consolidated earnings before interest,...
1: GME Oman Front Month Trading Volumes, Physical Deliveries Dropped in 2025 (Mn bbls) 2: IFAD Murban Volumes Soared In 2025 (Mn Contracts Traded) 3: Middle East Crude & Condensate Exports Increased To A Seven-Year High ...
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest levels ...
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