Saudi crude oil exports have increased sharply this month, preliminary data from Kpler shows. Exports are on course to average 6.9mn b/d in February, up 330,000 b/d to the highest level since April 2023 (see chart). That...
QatarEnergy has halted production of liquefied natural gas (LNG) and related products after military attacks targeted its operational facilities in Ras Laffan Industrial City and Mesaieed Industrial City in Qatar. In a s...
Valmore Holding, previously known as Egypt Kuwait Holding, reported its financial results for the fiscal year (FY) 2025, with revenues rising 24% year-on-year (YoY) to $685 million. Consolidated earnings before interest,...
1: GME Oman Front Month Trading Volumes, Physical Deliveries Dropped in 2025 (Mn bbls) 2: IFAD Murban Volumes Soared In 2025 (Mn Contracts Traded) 3: Middle East Crude & Condensate Exports Increased To A Seven-Year High ...
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest levels ...
Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the sector’s five-year plan to increase oil and gas production includes implementing new contractual frameworks to attract investments alongside ...
The award by Greece of four offshore hydrocarbons exploration blocks to US major Chevron is further complicating a maritime border dispute in the Eastern Mediterranean. The blocks, officially assigned to Chevron last wee...
Eight OPEC+ member countries have agreed to begin a phased unwinding of their voluntary oil production cuts starting in April 2026, citing a stable global economic outlook and robust market fundamentals, according to a p...
Iraq submitted new maritime boundary claims to the UN on 19 January and 8 February that extend well into Kuwait’s claimed waters. Kuwait and fellow GCC states responded swiftly and forcefully this week, rejecting the m...
Karim Badawi, Minister of Petroleum and Mineral Resources, has issued a reshuffle involving leadership positions in information and communications technology (ICT) and information systems (IS) departments at the ministry...
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