Browsing: Middle East

Brazil’s state-controlled oil producer Petrobras surpassed profit expectations after robust oil production and record exports helped cushion the impact of…

Crude is continuing to gap higher as the market still lacks clarity around the reopening of the Strait of Hormuz.…

Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in…

(Update) March 6, 2026, 4:30 PM GMT: Article updated with VLCCs loading from Yanbu starting in fourth paragraph. The widening…

Wellesley Petroleum AS and Equinor ASA have agreed to pursue a joint exploration campaign in Norwegian waters to offset an…

In a BMI report sent to Rigzone by the Fitch Group on Friday morning, analysts at BMI, a Fitch Solutions…

Chevron Corp said Friday it had signed an agreement to supply about 14 petajoules of natural gas over five years…

Libya’s National Oil Corp (NOC) said Thursday the Sarir refinery is back to producing gasoline after a three-year hiatus. Sarir,…

Indian refiners are moving quickly to buy Russian oil, with million of barrels floating in Asian waters offering a quick…

US oil futures shot up to the highest in 20 months as investors increasingly price in a prolonged war in…