Tag: oil industry

Kuwait's immense oil reserves are gradually running low, putting the nation at increasing risk as global oil demand evolves. The ...

As global oil prices soar amid ongoing conflict, oil-rich countries are cashing in big, while import-dependent nations struggle with skyrocketing ...

Syria's oil sector continues to grapple with relentless challenges fueled by conflict and sanctions, severely restricting production and exports. Industry ...

Yemen's Houthis have ramped up threats against US oil giants, casting a shadow over a fragile truce and sparking fears ...

Iran's oil shipments have soared to their highest levels since the JCPOA era, marking a significant surge in exports as ...

Azerbaijan revealed that BP pumped an impressive 12.9 million metric tons of oil from January to September, highlighting the oil ...

Kazakhstan's oil exports skyrocketed to an all-time high of 1.74 million barrels per day in June, Quantum Commodity Intelligence reports, ...

Drone strikes have triggered the shutdown of vital oilfields in Iraq's Kurdistan region, slashing production by as much as 150,000 ...

India's state refiners have stopped buying Russian oil, responding to mounting U.S. pressure and stricter financial sanctions. This move marks ...

Data reveals Pakistan's oil reserves are modest, contradicting former President Trump's claim of "massive" reserves. Experts emphasize the country's reliance ...

Oil & Gas powerhouse Action Energy is gearing up for a rare initial public offering (IPO) in Kuwait, seizing the ...

Senator Marco Rubio called on Iraq to swiftly respond to recent attacks, protect its vital oil exports, and pass a ...

Kuwait's oil price rose by $2.18, reaching $72.79 per barrel, according to ZAWYA. The increase reflects tightening supply concerns amid ...

The second phase of merging Kuwait's oil companies is now underway, aiming to streamline operations and boost efficiency. The restructuring ...

ExxonMobil has teamed up with Azerbaijan's SOCAR to embark on an exciting journey of onshore oil exploration, aiming to ramp ...

Bank of America warns Saudi Arabia is gearing up for a "long and shallow" oil price war, signaling sustained pressure ...

Oil prices slipped as reports from the Wall Street Journal indicated Saudi Arabia favors further production increases. The potential boost ...

Iraq's oil exports exceeded 4 million barrels per day in the first third of 2025, marking a significant boost in ...

Saudi Arabia's GDP surged by an impressive 2.7% in the first quarter of 2023, showcasing its remarkable resilience in the ...

SK Innovation has faced an unexpected setback in the first quarter, reporting a loss that caught many by surprise. However, ...