Almost two months in, the loss of around 20% of global LNG supply — 77mn t/y from Qatar and 6mn t/y from the UAE — has tightened the market, sent prices soaring while reshaping expectations for future balances. Befor...
Kuwait Petroleum company (KPC), a state- owned oil company, has extended the deadline for preliminary bids on its crude oil pipeline network to April 28, citing disruptions from the US–Israeli war on Iran, according to...
Minister of Petroleum and Mineral Resources, Karim Badawi, represented Egypt and delivered a keynote address at the opening of the Organization for Economic Co-operation and Development (OECD) Critical Minerals Forum in ...
The Organization of the Petroleum Exporting Countries (OPEC), founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, faced a historic shift on Tuesday when the United Arab Emirates announced its departure fr...
The UAE announced on April 28 that it is withdrawing from both OPEC and OPEC+, a major setback for the oil producers’ alliance and its leading member, Saudi Arabia, according to Reuters. The decision comes amid the ong...
With the ceasefire deadline approaching, US President Donald Trump announced an indefinite extension on the evening of 22 April, stepping back from earlier threats to resume attacks on Iran. In a post on Truth Social, he...
Egypt and Türkiye are set to strengthen mining sector cooperation. Karim Badawi, Minister of Petroleum and Mineral Resources, met Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, in Istanbul t...
Goldman Sachs has increased its oil price projections for the fourth quarter (Q4), attributing the revision to reduced Middle East output, with Brent crude forecast at $90 per barrel and US West Texas Intermediate (WTI) ...
The closure of the Strait of Hormuz has reinforced the importance of the Iraq-Turkey Pipeline, now Iraq’s only functioning export route following the suspension of Gulf exports. With the waterway’s long-term viabilit...
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