Oil prices declined sharply below $100 per barrel on April 8, after US President Donald Trump announced a provisional two-week ceasefire agreement with Iran, contingent on the immediate and secure reopening of the ...
The Board of Directors of the Export-Import Bank of the United States (EXIM) has authorized over $2 billion in export credit insurance to facilitate US liquefied natural gas (LNG) exports to Egypt, according to ...
President Donald Trump announced that his administration will tap the US Strategic Petroleum Reserve (SPR) to combat skyrocketing gas prices fueled by the ongoing conflict with Iran.
US President Donald Trump revealed plans to build a new oil refinery on the southern US border, backed by India’s Reliance Industries, the operator of the world’s largest refining complex, Reuters reported.
International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five so ...
Bapco Energies, a Bahraini energy firm, declared force majeure on its group operations following a recent attack on its refinery complex, the company said in a statement, reported by Reuters. The company said it h ...
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran en ...
Rising military tensions between the US , Israel and Iran are disrupting oil and gas supplies across the Middle East, intensifying fears over global energy security and renewed price volatility.
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 Reute ...
