The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
The world’s biggest oil exporters will benefit from the surprise OPEC+…
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State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels…
Gas consumption by domestic and commercial sectors in Iran increased by six percent in the past Iranian calendar year 1401 (ended on March 20), the head of…
Oil prices edged higher on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers offset concern about weakening…
Iran’s deputy oil minister Saturday said the country’s petrochemical industry earned $26 billion by selling its products in the year of 1401, which ended on March 20,…
Saudi Arabia’s stock market finished higher on Sunday, ending two sessions of losses, while the Egyptian bourse extended losses on rising inflation.
Saudi Arabia’s…
As the EU works to rebalance its gas supply away from Russia, African countries are expected to gain a larger share of the bloc’s liquefied natural gas (LNG)…
On April 9, 2023, shares of Northern Oil and Gas (NYSE:NOG) opened at $32.57, revealing an interesting trading day ahead for investors. With a current ratio of…
Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of…
The World Bank, in its latest Middle East and North Africa (MENA) Economic Update report, released on April 6, predicted that the Iranian economy grows by two…
Iran exported 27 million tons of petrochemical products worth $16 billion in the previous Iranian calendar year 1401 (ended on March 20), the managing director of Iran’s…
Saudi Arabia, the world’s top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
The…
More that 1,300 offshore workers are to stage a 48-hour strike in a dispute over pay.
Unite warned that dozens of oil and gas…
Soaring oil prices have boosted the economies of MENA, leading to budget surpluses for some Gulf Arab states.
Gulf nations are diversifying their economies…
The value of trade exchanges between the US and Iran in the first two months of 2023 has reached $9.6 million.
According to…
Europe has not made enough progress in locking in long-term contracts for liquefied natural gas (LNG) as an alternative to Russian pipeline supply, which may prove costly…
Iran managed to increase by 65 percent horizontal directional drilling from its oil and gas wells in both offshore and onshore regions during the last Iranian calendar…
Chinese private refineries are buying more Iranian oil as competition for supplies from Russia rises, Bloomberg reported.
So-called teapots are prioritizing the flows, with…
Singapore’s imports of Russian naphtha nearly tripled in the first quarter of 2023, government data showed, after the European Union banned oil products imports from Russia.
When Iraqi and Kurdish officials met in Baghdad this week over a long-running dispute that has halted oil exports from Iraq’s semi-autonomous region of Kurdistan, insiders said…