Oil and Petrochemicals
Sultan Al Jaber Declared Oil Storage Withdrawals Reduced Supply Security
Sultan Al Jaber announced a withdrawal of one billion barrels of oil from global storage at ADIPEC. This action has led...
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Oil and Petrochemicals
Mohammad Mehdi Pouyandeh reviews the plans for the continuity of production and the protection of human resources in the oil industry
Mohammad Mehdi Pouyandeh outlined the Ministry of Oil's non-military defense programs to deal with emergencies and prote...
Oil and Petrochemicals
Sultan Al Jaber Warns of One Billion Barrels Depletion from Global Oil Reserves
Sultan Al Jaber, CEO of the Abu Dhabi National Oil Company, reported a one billion barrel decrease in global oil reserve...
Oil and Petrochemicals
Eni and Petronas Begin Production at the Maha Gas Field in Indonesia
Eni and Petronas have commenced production at the Maha gas field located in the Kutei basin of Indonesia. This project i...
Oil and Petrochemicals
Goldman Sachs Raises Brent Oil Price Forecast to $105
Goldman Sachs has raised its Brent oil price forecast for December 2026 from $90 to $105. The bank also mentioned the po...
Oil and Petrochemicals
Oil Price Drop Following Hormuz Strait Negotiations and Trump's Military Threats
Brent crude oil price reached $108.5 per barrel, showing a 2.8% decrease compared to last week. Negotiations about reope...
Oil and Petrochemicals
Oil Price Fluctuations Under the Influence of Tensions in the Persian Gulf and JP Morgan Models
Oil prices have reached levels above $116 due to existing tensions in the Persian Gulf and maritime security issues. Ana...
Economy
Asyad Group Introduces Marine Resilience Framework in Muscat
Asyad Group, a leader in providing logistics solutions in Oman, aims to create the world's first integrated marine resil...
Oil and Petrochemicals
Significant Increase in Oil Import Costs in the European Union to €27.6 Billion per Month
The European Union faces an expenditure of €27.6 billion per month for oil imports in the second half of 2026, indicatin...
Analysis
Zelensky Conditional on Halting Attacks on Russian Refineries for Receiving Patriots
Volodymyr Zelensky, the President of Ukraine, announced that if he receives Patriot missile systems from the United Stat...
Environment
Azerbaijan's Renewable Energy Transformation and National Electricity Capacity Growth
Azerbaijan is increasing its renewable energy capacity and aims to reach a 33.3 percent share of these resources by 2027...
Oil and Petrochemicals
Drone Attack on Lukoil Oil Refinery in Kstovo
The Lukoil oil refinery in Kstovo, Russia was targeted in a drone attack this morning, resulting in extensive fires. Wit...