Oman’s state oil firm locks in a six-year deal with Egyptian contractors for projects valued at over $6bn. Petroleum Development Oman (PDO) has finalized a six-year engineering, procurement, and construction (EPC) framework agreement with the Petrojet-ENPPI consortium. The
The U.S. crude oil supply fell to its lowest level in 45 years relative to demand, highlighting a thinner cushion against potential supply disruptions as the Middle East conflict continued to escalate. In a post on X, Barchart shared a Bank To ensure this doesnât happen in
Geopolitical risks in the Strait of Hormuz and potential US sanctions drive Brent above $89, with diesel prices nearing $160 amid shipping disruptions. Brent crude oil trades near $89, reflecting heightened geopolitical risks in the Strait of Hormuz and tight energy market
Deal grants ConocoPhillips access to over 3 billion barrels of recoverable oil and gas resources in Kirkuk region fields. ConocoPhillips agreed to acquire a 42% stake in BP Energy Company of Kirkuk, joining the redevelopment of major oilfields in northern Iraq. The transac
July fuel oil shipments rose 18% month-on-month to 577,000 barrels per day, the highest level this year. China’s fuel oil exports reached 577,000 barrels per day in July, an 18% increase from June and the highest level in 2026. The rise reflects rebounding shipping demand
Liquefied natural gas shipments through the Strait of Hormuz have halted for three days, disrupting key energy supply routes amid escalating conflict. Liquefied natural gas (LNG) shipments through the Strait of Hormuz have ceased over the past three days, according to tank
Escalating Iran-US hostilities and a blocked Strait of Hormuz drive oil prices to a one-month high, raising supply disruption fears. West Texas Intermediate crude surged to $84.00, its highest level in a month, as Iran-US military clashes intensified. The US conducted a ni
Oil prices surge as escalating U.S.-Iran tensions threaten flows through the key Middle East chokepoint. Brent crude futures climbed more than 2% to breach $90 a barrel in early Asian trade Monday. The rally followed reports of rising U.S.-Iran hostilities that could disru
Brent crude gains driven by Middle East tensions weigh on Indian rupee and Thai baht amid external vulnerabilities. A rebound in oil prices is pressuring Asian currencies, particularly the Indian rupee and Thai baht, as geopolitical risks and reduced tanker flows through t
Oil prices jump as fresh strikes on Iranian cities and tanker attacks heighten supply disruption fears in key shipping lanes. Brent crude opened sharply higher, breaching $90 a barrel, as escalating hostilities in the Middle East stoked concerns over supply security. Repor
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.