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Saudi Arabia's Oil Strategy Could Cripple Russia's War Effort: Will It Work?

World

22 Oct, 2024

Saudi Arabia's Oil Strategy Could Cripple Russia's War Effort: Will It Work?


Saudi Arabia’s planned oil production hike may not break Russia’s petro-export-fueled economy, but escalations between Israel and Iran could be...

EIA Predicts Flat Oil and Gas Production in Gulf of Mexico: What This Means for Energy Markets

World

17 Sep, 2024

EIA Predicts Flat Oil and Gas Production in Gulf of Mexico: What This Means for Energy Markets


The US Energy Information Administration (EIA) has implemented a new model for forecasting crude oil and natural gas production from...

Petronas Profits Dip 19% Despite Revenue Rise: LNG Sales Boost Amidst Market Volatility

Business

8 Sep, 2024

Petronas Profits Dip 19% Despite Revenue Rise: LNG Sales Boost Amidst Market Volatility


Petronas, Malaysia's energy giant, reported a 19 percent decline in profit for the first half of 2024, despite a slight...

Houthi Rebels Allow Rescue Ships to Approach Burning Oil Tanker in Red Sea: Environmental Concerns Mount

World

29 Aug, 2024

Houthi Rebels Allow Rescue Ships to Approach Burning Oil Tanker in Red Sea: Environmental Concerns Mount


Iran has announced that its Yemeni ally has agreed to a temporary pause in an ongoing campaign against vessels accused...

Burning Oil Tanker in Red Sea Poses Imminent Environmental Hazard: No Oil Spill Yet

World

28 Aug, 2024

Burning Oil Tanker in Red Sea Poses Imminent Environmental Hazard: No Oil Spill Yet


A Greek-flagged crude oil tanker that was recently attacked by Yemen’s Houthis is still on fire in the Red Sea...

Saudi Arabia's Bahri Splashes $1 Billion on Nine Eco-Friendly VLCCs

Business

24 Aug, 2024

Saudi Arabia's Bahri Splashes $1 Billion on Nine Eco-Friendly VLCCs


Saudi Arabia’s flagship line Bahri has snapped up nine very large crude carriers from Evangelos Marinakis-controlled Capital Maritime & Trading....

Bahri Acquires 9 VLCCs for $1 Billion in Major Fleet Modernization Move

Business

22 Aug, 2024

Bahri Acquires 9 VLCCs for $1 Billion in Major Fleet Modernization Move


Saudi Arabia’s flagship line Bahri has snapped up nine very large crude carriers from Evangelos Marinakis-controlled Capital Maritime & Trading....

OPEC's Next Move: What's Influencing Oil Prices in 2024?

Business

7 Aug, 2024

OPEC's Next Move: What's Influencing Oil Prices in 2024?


The energy market is a complex and ever-shifting landscape, and oil prices are a key indicator of its health. 2024...

Heavy Oil Discount Narrows as New Trade Cycle Begins: What This Means for Oil Prices

Business

3 Aug, 2024

Heavy Oil Discount Narrows as New Trade Cycle Begins: What This Means for Oil Prices


The discount on Western Canada Select (WCS) heavy crude oil versus the North American benchmark West Texas Intermediate (WTI) has...

OPEC Oil Output Surges in July: Saudi Arabia Leads the Charge

Business

3 Aug, 2024

OPEC Oil Output Surges in July: Saudi Arabia Leads the Charge


The Organization of the Petroleum Exporting Countries (OPEC) saw an increase in oil production in July, a Reuters survey revealed...

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