Daily oil exports from the Middle Eastern Gulf have fallen sharply amid ongoing disruptions linked to the US -Iran war, with flows dropping by more than 60% in the week ending March 15 compared to February levels, accord...
Iraq is in the unenviable position of being the only country in the Middle East whose assets are being attacked by domestic groups. While Gulf states to the south are being struck by Iranian missiles and drones, Iran-bac...
The Egyptian Natural Gas Holding Company (EGAS) plans to launch new bid round in 2026, offering natural gas exploration licenses across several areas in the Western Mediterranean, according to Chairman and Executive Mana...
South Valley Egyptian Petroleum Holding Company (Ganope) targets revenues exceeding EGP 4 billion and net profits surpassing EGP 1 billion in the fiscal year (FY) 2026/27, according to the company’s Chairman, Ashraf Ba...
Israel conducted a series of airstrikes on major fuel depots in Tehran and Alborz on 7 March. The strikes targeted storage facilities in Tehran’s southern Shahr Rey district near the city’s 245,000 b/d refinery, as w...
The International Energy Agency (IEA) said more than 400 million barrels (mmbbl) of oil from emergency reserves will start entering global markets soon as part of a coordinated effort to ease a surge in crude prices foll...
Australia’s Murdoch University will launch an advanced training program for geologists working at the Mineral Resources and Mining Industries Authority (MRMIA) and affiliated companies. The program, designed in coopera...
More than 130mn barrels of oil have been loaded onto tankers stranded inside the Gulf following Iran’s de facto closure of the Strait of Hormuz. The risk of attacks from Iran has been too great for most shipping compan...
Iran has permitted two Indian-flagged liquefied petroleum gas (LPG) carriers to pass through the Strait of Hormuz, sources with direct knowledge said to Reuters, marking a rare exception to Tehran’s blockade that has d...
Every day that the Strait of Hormuz remains closed, the world slides deeper into an economic crisis. This week the IEA said the world is facing the largest oil market disruption in history, as its members approved a reco...
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