Browsing: Middle East

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by one million barrels from the…

Chinese state-owned companies including Sinopec canceled some purchases of seaborne Russian crude after the US blacklisted Rosneft PJSC and Lukoil…

The U.S. Energy Information Administration’s (EIA) latest gasoline fuel update, which was released this week, showed a declining trend for…

There are signs that the long-anticipated supply glut is now hitting the market, with the six-month and 12-month term spreads…

Petrofac Ltd said Thursday it was ending its “advanced stage” financial restructuring after TenneT dropped the British energy engineering company…

Tamboran Resources Corp on Thursday confirmed an underwritten public offering of about 2.32 million common shares, under which Baker Hughes…

German Chancellor Friedrich Merz said he’s optimistic that the US will exempt Rosneft PJSC’s German unit from Washington’s latest sanctions…

Saipem SpA has reported EUR 221 million ($256.45 million) in net income and adjusted net income for the first three…

Oil posted its biggest one-day gain in more than four months after the US announced sanctions on Russia’s biggest oil…

Brazil sold five of the seven blocks offered in an oil auction on Wednesday to majors including Petrobras and Equinor…