A report from the Centre for Research on Energy and Clean Air suggests that a loophole in the G7 price cap is undermining sanctions on Russian oil.
Oman is of vital strategic importance to the U.S.-Europe-Japan axis and the China-Russia axis because of its uniquely advantageous geographical position, which makes it one of key oil and gas hubs in the world.
The last decade or so has been tumultuous for the oil industry.
Natural gas futures jumped by 8% Monday morning as weather models suggested cooler temperatures in the U.S.
Given its geographical positioning, with Saudi Arabia on one side of it and Iran on the other, Qatar has long played a delicate diplomatic balancing act between the two great Middle Eastern powers and their principal superpower sponsors.
Exxon Mobil is facing fresh scrutiny from investors over its climate ambitions at its upcoming AGM next month.
Projecting long-term oil demand during the ongoing energy transition has been likened to trying to catch lightning in a bottle, with prognostications by different experts varying wildly.
TEHRAN- Iran and Venezuela inked several memorandums of understanding (MOUs) on the expansion of cooperation in the fields of oil, gas, and petrochemicals.
Signs of an economic slowdown are flashing in the global diesel market.
AFC Equity Investment has brokered a deal to acquire Aker Energy, the operator of the Pecan oilfield offshore Ghana, from Aker Capital and the Resource Group TRG.