- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
- Libya to target producing 1.4 million b/d by end 2024
- TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman
- H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part
- Egypt to stop exporting LNG starting from the beginning of May 2024
- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
USA
23rd World Petroleum Congress in HOUSTON
The 23rd Petroleum conference will be held in Houston, Texas, in the United States of America from 6 to 10 December 2020. About 10,000 participants will attend, including about 50 ministers and 500...
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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets
The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...
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Saudi Arabia cuts its production to 8.5 million barrels per day in May 2020
A few days ago, Saudi Aramco sources said that they would cut production to 8.5 million barrels per day during May 2020, as part of OPEC+ agreement with Russia and other major oil producers. Under...
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After a historic decline .. US oil price is back to rise above the zero level ($ 0)
The price of US oil, WTI, rose again above zero on Tuesday, April 21, 2020, after falling to zero for the first time, due to lower demand on global energy markets, where demand fell by about a third,...
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Oil price crash is tempting the United States to increase the size of its Strategic Petroleum Reserve
Oil prices have tumbled in recent days and reached unprecedented levels. This encourages an increase in the volume of oil inventories by purchasing the cheap oil from the market so long as there are...
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The United States may have to impose tariffs on oil imports if prices continue to decline
Oil prices in world markets have fallen to about $20 a barrel, the lowest level in the past two decades. The sharp decline in oil prices is attributed to the spread of Corona virus (Covid-19) and the...
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Chevron expects to restore production of the neutral zone between Kuwait and Saudi Arabia within 12 months
After four and a half years, the Wafra oil field is set to resume production soon. Ed Colina, Chevron Operations Advisor, speaking at a technical session at the International Petroleum Technology...
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Oil prices jump to $70 a barrel due to tension in the Gulf region
As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...
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Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone
Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption of...
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