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...
Category : Oil & Gas
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...
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
Canada oil and gas emissions cap likely to curtail production, states report
The majority of Canada's largest oil producers' emissions reductions over the next ten years will come from CCS...
Saudi non-oil business activity stumbles in May amid order slowdown
The non-oil economy was valued at 1.7 trillion Saudi Riyals at constant prices, driven by steady growth in exports, investment and consumer spending...
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...