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...
Category : Oil & Gas
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...
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...