Speculative investors are significantly increasing their bets on rising crude oil prices, reaching multi-month highs, driven primarily by renewed geopolitical instability linked to Iran. This shift in
Why Falling Oil Prices Won’t Save Consumers From Rising Power Bills
Despite a recent decline in global crude oil prices, which benefits motorists, electricity consumers are experiencing a contradictory trend of escalating power
OilPrice·Feb 9
Ukrainian Strikes Take a Heavy Toll on Russia’s Oil Refineries
Ukrainian drone attacks have inflicted significant financial and operational damage on Russia's oil refining sector, with estimated losses reaching nearly $13 b
OilPrice·Feb 9
Egypt targets doubling oil output through advanced drilling technologies, global partnerships
Egypt's Ministry of Petroleum is initiating an ambitious five-year plan aimed at significantly boosting the nation's crude oil production. This strategy involve
Daily News Egypt·Feb 9
Tengiz Oilfield Ramps Up Output to 550,000 Bpd after Fire
Kazakhstan's massive Tengiz oilfield has significantly restored its output, reaching 550,000 barrels per day after a fire forced a shutdown for half of January.
OilPrice·Feb 9
Feb 9
Namibia refuses to recognize TotalEnergies oil acquisition