Loopholes in ship flagging system undermine sanctions on Russia, Iran and North Korea – report
Published on 02/09/2025 – 10:00 GMT+2 ADVERTISEMENT Sanctions against Russia, North Korea, and Iran will continue to fail…
Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings,…
Global Gas Flaring Surges to 17-Year High
Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue,…
5 Little-Known Oil Giants Quietly Shaping Global Energy
When people talk about oil majors, the same names always come up—Exxon, Chevron, Shell, Aramco. But geopolitics and…
Trump’s Tariff Threat Looms Over Brazilian Oil Exports
Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50%…
Oil industry workers praised as pillars of Iran’s economic resilience
TEHRAN — A member of Iran’s parliamentary Energy Committee has praised oil and gas sector workers for their…
Why the Strait of Hormuz remains critical for the global economy
ADVERTISEMENT As oil prices are climbing after the attacks on Iran by Israel and then the US, investors…
Brazil Looking for $6.2 Billion From Its Oil Industry
Brazil’s government is looking to extract some $6.2 billion from the country’s oil industry in a bid to…
U.S. Shale Output Nearing Peak as Oil Prices Stagnate
The decline in oil prices and the prevailing uncertainty about the economy, trade, and supply chains are accelerating…
US to reduce its military contingent in Syria to 900
The United States is withdrawing its troops from Syria and plans to reduce its contingent there to 900,…
Norway Avoids Oil Worker Strike With New Wage Deal
Two labor unions and the Norwegian oil industry sealed a new wage deal that would ensure no strikes…
OPEC+ agrees to boost output in June despite falling oil prices
Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies…