OPEC+ has once again accelerated its oil production strategy, moving its key meeting from Sunday to Saturday, July 5, 2025, to discuss a potential fourth consecutive monthly output increase of 411,000 barrels per day (bpd) […]
The global liquefied natural gas (LNG) market is witnessing a seismic shift as Middle Eastern oil giants, flush with cash and ambition, embark on an unprecedented buying spree to dominate this high-margin energy sector. With […]
As global energy markets navigate a complex landscape of geopolitical pressures, demand fluctuations, and supply dynamics, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) remain pivotal in shaping oil prices and supply. […]
Daily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG […]
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, […]
Greece’s DESFA, the terminal’s operation and maintenance contractor, revealed the milestone in a social media post on Wednesday. KIPIC’s Al Zour LNG terminal achieved the “safe and successful discharge of the 300th vessel, representing an […]
QatarEnergy’s CEO, Saad Sherida al-Kaabi, and KPC’s CEO, Sheikh Nawaf al-Sabah, signed the SPA during a ceremony in Kuwait on Monday. The new SPA includes the delivery of up to three million tons per annum […]
Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]
OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]
Kuwait Petroleum Corporation (KPC) has announced the setting of the indicative price for Kuwaiti oil at $70 per barrel for the fiscal year 2024/2025, commencing this April. This key financial indicator was reported by Al-Anba […]
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