Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...
Category : Oil & Gas
Petrol price 40% cheaper in Nigeria than Saudi Arabia doesn’t make sense: Aliko Dangote
Noting that all other nations have done away with fuel subsidies, Aliko Dangote clarified that the Nigerian government could no longer afford the burden of subsidies...
Oman posts H1 2024 trade surplus of USD 9.4 billion, driven by oil exports
by WebAdmin
In June 2024, Oman's imports reached 8 billion rials, up from 7.2 billion rials during the same period the previous year, a 10% increase...
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
OPEC+ agrees to delay October 2024 oil output hike for two months
On December 1, OPEC+ ministers convene as a full group to decide on policy...
Qatar & Kuwait LNG supply deal: All you need to know
In 2020, Kuwait and Qatar agreed to deliver 3 million tons of LNG annually for 15 years starting in 2022, aligning with the current agreement...
In major policy change, Baghdad shifts to profit sharing with oil & gas deals
In 2023, the total deal was heralded as a breakthrough in attracting Western majors back to Baghdad...
Infrastructure expenses spike super gasoline costs in Uganda
Uganda President Yoweri Museveni in 2023 attributed Kenya's government-backed gasoline importation agreement's 'middlemen' to the high fuel cost in Kampala...
Jordan extends MoU with Iraq for oil import, increasing exports by 50%
Importing crude oil from Iraq, according to Kharabsheh, is in line with the original Memorandum of Understanding that the governments of Jordan and Iraq signed on May 4, 2023...
Egypt to receive LNG supplies through Port of Sokhna as summer arrives
In 2023, Egypt's total natural gas production fell to its lowest since 2017, figures from the Joint Organisations Data Initiative show...