US inventory jump, rate hike worries bring negative volatility in oil sectorIFM CorrespondentFebruary 21, 2023 by IFM CorrespondentFebruary 21, 2023 Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023... Read more
Fearing oil shortage, experts bat for more investments in energy sectorWebAdminFebruary 14, 2023 by WebAdminFebruary 14, 2023 According to the IEA, the expansion of the oil supply will decrease to one million barrels per day... Read more
Tiny Spanish port emerges new hub for Russian oil tradeWebAdminFebruary 6, 2023 by WebAdminFebruary 6, 2023 Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of that month... Read more
Oil prices rise amid halt in US Fed rate hikes, China reopeningWebAdminJanuary 30, 2023January 30, 2023 by WebAdminJanuary 30, 2023January 30, 2023 Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February... Read more
Moody’s predicts another budget surplus year for OmanWebAdminJanuary 16, 2023 by WebAdminJanuary 16, 2023 Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according to Moody’s... Read more
Crude oil ends 2022 with second straight annual gainWebAdminJanuary 4, 2023 by WebAdminJanuary 4, 2023 The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy... Read more
Fuel cards: Cost-effective solution for logistics industryWebAdminDecember 19, 2022 by WebAdminDecember 19, 2022 At the networking fueling stations, the fuel cards provide particular discounts... Read more
Kuwaitis & expatriates in oil industry can now ‘sell their leaves’WebAdminNovember 11, 2022November 11, 2022 by WebAdminNovember 11, 2022November 11, 2022 It is being claimed that between 13,000 and 14,000 workers in the oil industry in Kuwait benefited from the sale of leave days... Read more
Drop in Nigeria’s crude oil production causes major concernWebAdminNovember 10, 2022 by WebAdminNovember 10, 2022 The fall in crude oil production threatens the already precarious finances of the most populous country in Africa... Read more
OPEC+ cuts: Russia to be the benefiter?WebAdminOctober 18, 2022October 18, 2022 by WebAdminOctober 18, 2022October 18, 2022 Western sanctions have led to decreased Russian oil output, which has joined Nigeria and Angola as OPEC laggards... Read more