The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state.
OIL Feed Atom
OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and more electric cars take to the road.
Oil prices surged more than 3% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East.
A member of Iran’s Parliament said the country’s oil exports have surged despite sanctions.
Line fill on the Trans Mountain oil pipeline expansion will start in the first quarter of 2024 and take about six to seven weeks to complete, the Canadian government-owned corporation building the project said on Friday.
Biden's new five-year plan offers just three offshore oil drilling sales, the lowest since the initiation of such plans in 1980.
RoydadNaft – An expert with the Kepler International Institute has said that Iran needs a more complete agreement with the US to approach the…
RoydadNaft – The report by Deloitte Canada said the extra capacity created by the currently ongoing Trans Mountain pipeline expansion is expected to boost…
RoydadNaft – Oil prices were stable on Friday but were on course for a week-on-week loss, as demand fears driven by macroeconomic headwinds were compounded…
RoydadNaft – Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes advantage of discounted…
RoydadNaft – Suncor Energy on Wednesday said it would acquire French energy firm TotalEnergies’ Canadian operations for C$1.47 billion ($1.07 billion) to bolster its bitumen…
RoydadNaft – Oil prices fell by more than $1 on Thursday, extending the previous session’s sharp losses as an uncertain demand outlook overshadowed any boost…
RoydadNaft – Kyrgyzstan plans to relaunch its Zhongda oil refinery in the city of Kara-Balta within two years, using oil provided by Iran, Russia and…
RoydadNaft – Deputy Oil Minister for Research Affairs Vahidreza Zeidifard has said that enemies of the Islamic Republic of Iran are constantly trying to infiltrate…
An OPEC+ ministerial panel that met on Wednesday made no changes to the group's oil output policy, after Saudi Arabia and Russia said they would keep voluntary supply cuts in place to support the market.
Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy.
Oil fell on Wednesday, as pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023 were offset by demand fears stemming from macroeconomic headwinds.
Iran’s oil minister said on Wednesday that three oil and one gas fields have been discovered since the 13th administration took office two years ago.
Top oil exporter Saudi Arabia may raise the price for its flagship Arab Light crude to Asia for a fifth straight month in November, underpinned by its prolonged voluntary output cut and resilient oil demand in the region.
India has invited French oil major TotalEnergies to bid for oil exploration rights in the country, as the world's third-biggest oil importer and consumer seeks to reduce its dependence on costly imports.