Oil and Petrochemicals
Shell Confirms $5 Billion Share Buyback
Shell has achieved one of the highest share buybacks in its history, valued at $5 billion. This move comes in response t...
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Oil and Petrochemicals
UBS Announces $110 Price Forecast for Brent Oil by End of 2026
UBS Bank has raised its forecast for Brent oil prices to $110 per barrel by the end of 2026. The bank has also updated i...
Oil and Petrochemicals
Increase in Oil Prices Due to the Likelihood of a U.S. Military Attack on Iran
Oil prices in global markets have risen due to the possibility of the resumption of U.S. military attacks on Iran. These...
Oil and Petrochemicals
QatarEnergy Extends LNG Force Majeure Delivery Until the End of 2026
QatarEnergy has extended the force majeure period for LNG deliveries until the end of this year. This action has led to...
Oil and Petrochemicals
The main unit of the Ras Tanura refinery in Saudi Arabia has gone offline
Attacks by the armed forces of Yemen have caused significant damage to the main unit of the Ras Tanura refinery. This un...
Oil and Petrochemicals
Iran's oil production capacity reached 3.715 million barrels per day
Iran's crude oil production capacity was upgraded to 3.715 million barrels per day in October 2024, indicating an 8.3 pe...
Oil and Petrochemicals
Woodside Exits Greater Sunrise Project
Woodside Energy has officially announced its exit from the Greater Sunrise project in the Timor Sea. This project, which...
Oil and Petrochemicals
EPA's Review of Methane Regulations for Marginal Wells
The Independent Petroleum Association of America (IPAA) supported President Trump's decision to review EPA's methane reg...
Oil and Petrochemicals
Oil Prices Rise Due to Houthi Attacks on Saudi Arabia
Oil prices have increased following new Houthi attacks on Saudi Arabia. Attacks on oil facilities can have a significant...
Oil and Petrochemicals
Oil price reached $115 after the attack on Saudi refinery
The price of oil increased to $115.36 following the attack on Saudi Arabia's largest oil refinery. This attack has once...
Oil and Petrochemicals
Oil Prices Rise Following Attack on Saudi Refinery
Oil prices have risen following the attack on the Saudi refinery. A meeting of defense and security officials from Iran,...
Oil and Petrochemicals
Global Oil Prices Rise Above $115 Amid Supply Concerns in the Middle East
Global oil prices have risen to over $115 per barrel due to increasing concerns about energy supply disruptions in the M...