US inventory jump, rate hike worries bring negative volatility in oil sector
Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023...
Category : Oil & Gas
Fearing oil shortage, experts bat for more investments in energy sector
According to the IEA, the expansion of the oil supply will decrease to one million barrels per day...
Tiny Spanish port emerges new hub for Russian oil trade
Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of that month...
Oil prices rise amid halt in US Fed rate hikes, China reopening
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...
Moody’s predicts another budget surplus year for Oman
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...
Crude oil ends 2022 with second straight annual gain
The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy...
Fuel cards: Cost-effective solution for logistics industry
At the networking fueling stations, the fuel cards provide particular discounts...
Kuwaitis & expatriates in oil industry can now ‘sell their leaves’
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...
Drop in Nigeria’s crude oil production causes major concern
The fall in crude oil production threatens the already precarious finances of the most populous country in Africa...
OPEC+ cuts: Russia to be the benefiter?
Western sanctions have led to decreased Russian oil output, which has joined Nigeria and Angola as OPEC laggards...