Middle East Crude Futures Markets Gain Global Traction |…March 3, 2026 1: GME Oman Front Month Trading Volumes, Physical Deliveries Dropped in 2025 (Mn bbls) 2: IFAD Murban Volumes Soared In…
Brent Climbs Above $78 Amid Gulf Tensions, Shipping DisruptionsMarch 3, 2026 Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of…
Badawi Presents New Technologies, Contract Framework to Boost ProductionMarch 2, 2026 Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the sector’s five-year plan to increase oil and gas production…
Libya Silent As Turkey Slams Greece For ‘Unlawful’ Chevr…March 2, 2026 The award by Greece of four offshore hydrocarbons exploration blocks to US major Chevron is further complicating a maritime border…
OPEC+ to Gradually Restore 1.65 mmbbl/d as Eight Members Agree April Output HikeMarch 2, 2026 Eight OPEC+ member countries have agreed to begin a phased unwinding of their voluntary oil production cuts starting in April…
GCC Rallies Round Kuwait Following Iraq’s New Boundary Cl…March 2, 2026 Iraq submitted new maritime boundary claims to the UN on 19 January and 8 February that extend well into Kuwait’s…
Badawi Announces New Technology Appointments Across Petroleum SectorMarch 2, 2026 Karim Badawi, Minister of Petroleum and Mineral Resources, has issued a reshuffle involving leadership positions in information and communications technology…
Iran Blocks Strait of HormuzMarch 2, 2026 Iran has been sending radio signals to ships stating that no vessel is allowed to pass through the Strait of…
Aramco Advances Gas Growth StrategyMarch 2, 2026 Aramco confirmed on 26 February that it had begun operations at two large-scale gas projects: the Jafurah unconventional shale gas…
Esmat Ensures Electricity Grid Security and SustainabilityMarch 1, 2026 Egypt’s power system is operating normally, with a strong and resilient unified grid and generation units running on equivalent fuel,…
