Oil and Gas

HomeOil and Gas

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

More News

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Rising Gulf Tensions Heighten Concern Over Oil Flow Through Hormuz

Strait closure risk dominates global energy discussions as tensions rise in the Gulf. Consequently, oil flows and trade routes face growing uncertainty. Meanwhile, governments...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...

Explore more

Iraq Targets African Oil Markets in Expansion Plan

Iraq is exploring the possibility of expanding its oil exports to Africa. According to Iraq's oil minister, Hayan Abdul Ghani, the government is currently...

Oman Expands Oil and Gas Exploration for Energy Security

Oman has opened new oil and gas blocks for investment. Dr. Salah bin Hafiz Al-Dhahab, Director General of Investment, announced the decision. The goal...

Saudi Arabia Leads with Direct Air Capture Technology to Cut Emissions

Saudi Aramco has recently launched its first direct air capture (DAC) test unit in the Kingdom. This move marks a key development in the...

Oil in Bahrain Heads Toward Second Consecutive Weekly Gain

Oil prices experienced a slight dip on Friday but were still on track for a second consecutive weekly gain. By 1103 GMT, Brent crude...

Qatar’s LNG Growth Strengthens Energy Market

Qatar’s LNG growth strengthens energy market, making it a key player in the industry. The country’s natural gas reserves and low-cost operations give it...

Qatar’s Natural Gas Production to Reach 244 bcm by 2030

Qatar’s natural gas production will grow to 244 billion cubic meters (bcm) by 2030 and 300 bcm by 2050. The Gas Exporting Countries Forum...

IDC Completes First Well in Sonangol Contract in Qayyarah Oilfield

The Iraqi Drilling Company (IDC) has successfully completed its first well under a significant contract with Sonangol, a key player in the oil industry....

Iraq Seeks Gas Imports from Gulf Countries to Reduce Dependence on Iran

Iraq is actively seeking alternatives to its reliance on Iranian gas as it looks to reduce its dependency on its neighbor amid ongoing sanctions....

Qatar to Send Gas to Syria with U.S. Approval

Qatar is preparing to supply natural gas to Syria through Jordan to support the country’s struggling power sector, according to three sources familiar with...

Kuwait Aims to Boost Oil Production and Develop Durra Gas Field

Kuwait has unveiled a strategic initiative to enhance its oil production capacity and develop the Durra gas field, despite ongoing territorial disputes with Iran....

Qatar Expands LNG Fleet with New Carrier Construction in South Korea

Nakilat has started building eight new liquefied natural gas (LNG) carriers at Hanwha Ocean Shipyard in South Korea. This step is part of Qatar’s...

Qatar’s LNG Expansion: A Strategic Move Towards Global Leadership

Qatar is set to expand its liquefied natural gas (LNG) production by 85%, targeting 142 million metric tons per annum (MTPA) by 2030. This...