Norwegian oil and gas operator DNO announced on April 26 that it intends to expand and accelerate operations in...

Saudi Aramco and Sabic awarded the US engineering firm KBR a project management contract for their joint oil-to-chemicals project,...

Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum, Reuters reported. Crescent was...

An extension to the oil production cuts will not be necessary if crude prices continue to rise, Iranian Oil...

Kuwait Oil Tanker Company (KOTC) has agreed a $167.6 million deal with South Korean shipbuilding firm Hyundai Mipo Dockyard...

Kuwait affirms its commitment to the OPEC-led oil production cuts put in place to increase prices, Minister of Oil...

A Libyan crude oil pipeline was set on fire on April 21 causing losses of between 70,000 barrels per...

Iraq’s oil exports rose 11.5% in the year to March 2018, Middle East Monitor reported. The country exported 107.05...

Saudi Aramco and Gazprom have agreed to increase their cooperation in the gas sector through setting up a joint...

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience....