USD 50 billion loss in 50 days: Iran war upends oil and gas flow
Gulf countries lost about eight million barrels per day of crude production in March, nearly equivalent to the combined production of Exxon Mobil and Chevron...
Category : Oil & Gas
Chevron, Exxon expect windfall due to higher crude prices
Chevron is now expecting a USD 1.6 billion boost to USD 2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025...
Exxon and QatarEnergy’s joint venture produces first LNG at Texas facility
The development gives a major breather to QatarEnergy, which has been compelled to declare force majeure on its production activities due to the Iran war...
Middle East conflict: Trump administration official teases US’ next move for oil market
According to Scott Bessent, the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days...
Oil price stares at massive gain amid Middle East crisis
Qatar Energy Minister Saad al-Kaabi stated that if the ongoing conflict forces Gulf energy producers to shut down exports within weeks, it could drive oil to USD 150 a barrel...
Jordan eyes linking gas field to pan-Arab energy pipeline
From 2015 to 2018, the pipeline was reversed to flow gas from Jordan to Egypt, powered by imported LNG through Jordan's Aqaba LNG reception terminal...
Capex of GCC national oil companies to hit USD 125 billion by 2027: S&P report
Domestic oil typically remains the core focus of capex, but the regional NOCs are also increasing their focus on gas and international operations...
In its first meeting of 2026, OPEC+ keeps oil output steady amid geopolitical turmoil
The eight OPEC+ members, Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman, raised oil output targets by around 2.9 million barrels per day in 2025...
Israel approves USD 35 billion natural gas deal with Egypt
In 2024, Egypt imported a record 981 million cubic feet per day of natural gas from Israel, registering a 18.2% year-over-year increase...
As Lukoil looks to quit Iraq, country faces new energy conundrum
Lukoil holds a 75% stake in the West Qurna 2 oilfield, while the rest is controlled by the state-owned South Oil Company...