Russia’s Oil and Gas Tax Revenue Rises 32.4% in May on Higher Oil Prices

• Wednesday, 3rd June 2026
• by Fatma Ahmed

Russia’s oil and gas tax revenue rose by 32.4% year-on-year (YoY) in May to 678.9 billion roubles ($9.3 billion), supported by higher global oil prices amid escalating tensions in the Middle East, according to data re...

Energean Lowers Production Guidance in 2026, Dividend Amid Israel Disruptions

• Wednesday, 20th May 2026
• by Fatma Ahmed

Energean lowered its 2026 production guidance and reduced its dividend after a 41-day suspension of operations in Israel weighed on its first-quarter performance, Reuters reported. The company, which operates natural ...

Iraq Eyes Rapid Oil Export Recovery Pending Hormuz Reopening

• Tuesday, 7th April 2026
• by Fatma Ahmed

Iraq could ramp up its crude oil exports to around 3.4 million barrels per day (mmbbl/d) within a week if the ongoing Iran conflict de-escalates and the Strait of Hormuz reopens, according to the head of the state-run...

US-Iran Hostilities Disrupt Supertanker Costs to Surpass $423,000 Per Day

• Tuesday, 3rd March 2026
• by Fatma Ahmed

Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels amid escalating hostilities between the United States and Iran, according to Reuters. ...