Kuwait's economy is projected to decline in 2023 due to lower oil production, amid the country's commitment to additional Opec+ production cuts, a report has said.
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India’s crude oil imports are expected to grow from October level during the remaining two months of the calendar year in line with the ongoing festival and marriage season, which also witnesses an uptick in industrial, construction and farm activities.
The 17th Annual GPCA Forum, the Persian Gulf Petrochemicals and Chemicals Association (GPCA) flagship event, hosted by QatarEnergy, will take place for the first time in Qatar National Convention Centre, Doha from 4-6 December 2023.
According to a poll conducted by the non-profit Angus Reid Institute, Canadians have a profound lack of awareness about how much they are paying in carbon taxing, whether they receive a rebate and if they are better or worse off financially with the combined tax and rebate.
India’s foreign minister said his country was awaiting a “thank you” for buying sanctioned Russian oil, saying the move had eased pressure on prices elsewhere.
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the Group of Seven's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
South African petrochemical company Sasol on Friday said Simon Baloyi will take on the role of President and CEO from April 1, 2024.
The Canadian dollar moved above the 73 United States cent mark on Wednesday morning and ended the day there as well.
The world’s governments are facing increased pressure to reach agreement on phasing out the production and consumption of fossil fuels. And countries like Canada, whose plan for fossil fuel production runs counter to its stated climate goals, will increasingly be under fire on the international stage.
India’s state-run Oil and National Gas Corp said it witnessed a drop in oil and gas output in July-September due to lower volumes from matured fields and weather-related disruptions, but production from new projects in coming quarters would more than offset that decline.
In November, Turkiye set a new record for importing the highest amount of Russian oil, according to Reuters.
Energy giant Saudi Arabian Oil Co. has established a set of standards and measures to reduce the risks of metal corrosion as the company employs cutting-edge technologies to ensure safety protocols, a top official said.
The European Union is considering toughening up the sanction enforcement on evaders of the price cap on Russian oil, almost none of which now trades below the ceiling of $60 per barrel, the Financial Times reported on Tuesday.
India, the world's third largest oil consumer, has asked oil producers cartel OPEC to maintain and ensure market stability for the benefit of consumres, producers and global economy.
Western Canada’s crude oil industry is preparing to embrace global markets, a turn that could leave the U.S. industry fighting for supply in 2024.
India's state-run Oil and Natural Gas Corporation (ONGC) could finally see first oil production from a $5-billion deepwater project in November, three years after the initial timeline.
Japanese petrochemical producer Mitsui Chemicals has obtained International Sustainability and Carbon Certification Plus (ISCC Plus) for its bio-naphtha-based toluene diisocyanate (TDI), allowing it to supply the new low-carbon products.
China’s state-owned oil and gas company, PetroChina is to replace US energy giant Exxon Mobil Corp as the lead contractor for Iraq’s West Qurna 1 oilfield, following a settlement agreement, whereby the latter will finalise its exit from the oilfield, according to a senior Iraqi oil executive.
The price of crude oil, natural gas, and gasoline has dropped more than 10% in recent weeks, but the U.S. Energy Information Administration (EIA) believes higher prices are in the future even though several economic indicators create questions.
The ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India’s trade so far. Some sectors such as fertilizers and diamonds — both cut and polished — may see a slight, but manageable, impact, while for most others impact will be insignificant, finds a recent Crisil Ratings study.