On Sunday, the European Union enacted its latest embargo against Russia, banning the import of the country’s diesel fuel and other oil products amid their ongoing invasion of Ukraine.
The oil and gas market in the Middle East is not immune to global uncertainty, and its outlook is often determined by external factors
Bengaluru, Feb 6 (IANS): OPEC Secretary General Haitham Al Ghais on Monday said that by 2045, an investment of $12 trillion is needed in the oil and gas sector, which suffers from chronic underinvestment.
Colorado’s U.S. senators and their New Mexico counterparts are calling on the Bureau of Land Management to follow the lead of the two states by eliminating routine venting and flaring from oil and gas operations on public and tribal lands.
TEHRAN – Iranian Offshore Engineering and Construction Company (IOEC) and Pars Oil and Gas Company (POGC) signed a deal worth $900 million on Saturday to cooperate in developing the country’s Kish gas field, Shana reported.
A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA).
As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of its formidable natural-gas reserves.
The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, has produced upwards of 400 billion cubic meters of natural gas so far, the latest figures show.
Drilling has begun at a Chinese-operated oil field in Uganda. Officials in the East African nation say they expect oil production to begin by 2025.
Western sanctions over Russia’s invasion of Ukraine, including the looming Feb. 5 embargo and price cap on refined products, have been pushing Russian fuel oil barrels eastward into Asia at attractive discounts since last year