US-Iran Hostilities Disrupt Supertanker Costs to Surpass $423,000 Per DayMarch 3, 2026 Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels…
Saudi Crude Exports Increase Amid Elevated Regional Risks…March 3, 2026 Saudi crude oil exports have increased sharply this month, preliminary data from Kpler shows. Exports are on course to average…
QatarEnergy Suspends LNG Output Following Strikes on Industrial SitesMarch 3, 2026 QatarEnergy has halted production of liquefied natural gas (LNG) and related products after military attacks targeted its operational facilities in…
Valmore Holding Revenues Grow 24% YoY in 2025March 3, 2026 Valmore Holding, previously known as Egypt Kuwait Holding, reported its financial results for the fiscal year (FY) 2025, with revenues…
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…