Iraq and Türkiye have signed a one-year agreement to maintain operations of the Iraq-Türkiye crude oil pipeline, ensuring the continued flow of Iraqi crude through the country's only functioning export pipeline wh ...
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production, ExxonMobil Nigeria Managi ...
Seven core members of OPEC+ have agreed to implement a crude oil production adjustment of 188,000 barrels per day (bbl/d) for August 2026, according to a release by Organization of the Petroleum Exporting Countrie ...
The reopening of the Strait of Hormuz has eased immediate concerns over global energy supplies, but the economic fallout from more than three months of shipping disruptions is likely to persist across vulnerable e ...
Egypt's crude oil production has exceeded 540,000 barrels per day (bbl/d), marking a return to growth after a period of decline, Minister of Petroleum and Mineral Resources Karim Badawi said during a meeting with ...
Abu Dhabi National Oil Company (ADNOC) has floated a second crude oil tender within a week, set to close on June 11, trade sources told Reuters.
Iraq announced the discovery of a new oil field in Najaf province, close to the Saudi border in the country’s southwest. The field, discovered by China-based Zhenhua Oil, holds estimated reserves of 8.83 billion b ...
The Egyptian General Petroleum Corporation (EGPC) and Algeria's state-owned energy giant, Sonatrach, signed a Memorandum of Understanding (MoU) to establish an institutional framework for Egypt’s purchasing Algeri ...
Iranian crude oil has kept flowing through the Strait of Hormuz at near-normal levels, despite Tehran-linked attacks on ships that have slashed exports from other Gulf nations, according to a Reuters analysis of t ...
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest ...
