Oil and Petrochemicals
API Calls for Accelerating Energy Permitting Reforms in the U.S. Congress
API is urging the United States Congress to pass a bipartisan permitting reform package to expedite the review of energy...
Oil and Petrochemicals
Oil and Petrochemicals
Release of 100 Million Barrels of Oil Reserves by the G7 Group
The G7 group will release 100 million barrels of its oil reserves over the next four months to alleviate pressure on the...
Oil and Petrochemicals
Gulf Oil Exports Surpass Pre-War Levels
Gulf oil exports, excluding Iran, exceeded the pre-war average of 18 million barrels per day last week. Crude oil export...
Oil and Petrochemicals
Iraq and Saudi Arabia Diversify MEG Trade Patterns
Iraq is diversifying the MEG trade pattern by utilizing direct voyages and Malaysian lightering. Saudi Arabia is also jo...
Oil and Petrochemicals
Iraq's Oil Company is purchasing oil tankers for transporting shipments beyond the Strait of Hormuz
Iraq's Oil Company will purchase large tankers to increase crude oil transportation capacity. This move will allow the c...
Oil and Petrochemicals
Liberia Launches New Round of Offshore Exploration Licenses 2026
Liberia will launch its new round of offshore exploration licenses on October 14, 2026, by offering 29 blocks. This init...
Oil and Petrochemicals
Amin Nasser: Global Oil Reserves Have Significantly Decreased
Amin Nasser, CEO of Saudi Aramco, announced that global oil reserves have significantly decreased due to existing pressu...
Oil and Petrochemicals
Natural gas futures rise with increased production at Freeport
Natural gas futures improved on Monday with increased production at Freeport. Gas production at this field has reached 1...
Oil and Petrochemicals
The Oil and Gas Mergers and Acquisitions Market in Southeast Asia is Heating Up
The oil and gas mergers and acquisitions market in Southeast Asia is experiencing significant growth. These developments...
Oil and Petrochemicals
OPEC Meets with Two Major Oil-Consuming Countries
OPEC recently announced the holding of meetings with the two largest oil-consuming countries in the world. These countri...
Oil and Petrochemicals
Sale of $9.6 Billion in Upstream Oil Assets in Southeast Asia by 2027
The process of selling upstream oil assets worth $9.6 billion in Southeast Asia has begun. This program will continue un...
Oil and Petrochemicals
New Fortress Energy's LNG Facilities in Mexico Disrupt the Country's Exports
New Fortress Energy's LNG facilities in Mexico have been halted due to technical issues, impacting the country's liquefi...