OPEC+, the world’s largest oil-producing alliance, is set to boost crude output by another 411,000 barrels per day (bbl/d) in August as part of its effort to reclaim market share. If agreed upon, this would raise ...
Minister of Petroleum and Mineral Resources Karim Badawi, accompanied by a delegation of petroleum sector leaders, visited the Petroshahd site in the Western Desert to follow up on the production operations and cu ...
Sinopec Shanghai Petrochemical Company has announced plans to invest 21.31 billion yuan ($2.91 billion) to upgrade its operations aimed at maintaining the company's crude oil processing capacity and implement othe ...
The Iraqi cabinet has approved a 44.56 billion Basrah-Haditha oil pipeline. The 685 km pipeline will have a capacity of 2.25 million barrels per day (bbl/d).
Russia and Pakistan have discussed cooperation in offshore oil and gas exploration and refining during intergovernmental meetings this week in Moscow, according to Reuters.
The US Gulf of Mexico has experienced losses of 490,241 barrel of oil per day and 313 million cubic feet of gas per day of natural gas caused by Rafeal Hurricane, the US Bureau of Safety and Environmental Enforcem ...
Oil prices have risen slightly following the US presidential election, as investors weigh the potential impact of a Trump presidency on oil supply and the effects of an approaching hurricane in the Gulf Coast.
Iran's Ports and Maritime Organization (PMO) has reported more than 46.075 million metric tons (mt) loadings of crude oil and petroleum products at Iranian ports in the seven months ending October 21.
Jordan announced that its Iraqi crude oil imports have resumed with 80,000 barrels being transported so far, Reuters reported.
Minister of Petroleum and Mineral Resources Tarek El Molla reviewed the efforts of the South Valley Egyptian Petroleum Holding Company (GANOPE) to bring the total crude oil production of GANOPE and its subsidiarie ...
