Kuwait’s oil output, trade rebound as US-Iran deal eases Gulf tensions
Kuwait's crude oil production rose sharply to 1.65 million bpd in June from May's ratio of 580,000 bpd, with the OPEC member also boosting its exports...
Category : Oil & Gas
Boost for Iranian oil industry as US issues sweeping rollback of sanctions
The 60-day waiver, known as "General License X", has permitted Iran to produce, sell and transport crude oil and energy products till August 21...
Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Ahead of IPO, Dangote refinery hits another production milestone
The refinery, owned by Nigerian billionaire Aliko Dangote, ramped up crude processing to 700,000 bpd during a performance test by process licensors...
Iran war, weak yen make Japan’s crude import troublesome affair
Japan, the world's fifth-largest oil importer, got just 850,000 bpd of crude oil in April, against the established capacity of over 2.3 million bpd...
UAE accelerates West-East Pipeline project to reduce Hormuz dependence
The West-East Pipeline project has been tasked with the goal of doubling the UAE's energy export capacity via the port of Fujairah by 2027...
Japan’s Eneos Holdings to buy Chevron’s 50% stake in SRC
As per Eneos, the deal, which includes Chevron's assets in Vietnam, Australia, the Philippines and Malaysia, is expected to close in 2027...
IF Insights: UAE stands to gain after exit from OPEC
Fitch sees the UAE's oil production remaining unaffected in the post-OPEC world, with revenues getting boosted in the longer term...
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
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...