Norms for transfer of participating interest among partners in oil, gas eased
Participating interest means, in respect of each party constituting the contractor, the undivided share expressed as a percentage…
EU approaches new regime of price caps on Russian oil – Bloomberg
The European Union may link the so-called price cap on Russian oil to global market prices. Source: Bloomberg…
Kuwaiti crude oil price drops by over one Dollar
The price of Kuwaiti crude oil dropped by $1.36, settling at $70.61 per barrel in Friday’s trading, down…
ANRE Eliminates Double Taxation for Stored Energy
The National Energy Regulatory Authority (ANRE) has approved the Order on the Implementing Rules for the exemption from…
WTI stabilizes above $67 as EIA cuts US output forecast, geopolitical risks persist
WTI Crude Oil trades near $67.00 as price consolidates in a well-defined range.EIA cuts 2025 US production outlook,…
Russia exports less crude oil despite a hike in production target – Commerzbank
According to Bloomberg data, Russia’s seaborne crude oil exports fell to an average of 3.12 million barrels per…
IEA Raises Doubts Over Russia’s Ability to Restore Oil Output
The International Energy Agency (IEA) has cast fresh doubt on Russia’s ability to sustain and restore its oil…
Oil Steadies as Traders Weigh Trump’s Russia Statement,
(Bloomberg) — Oil steadied after falling more than 2% on Thursday as traders shifted focus toward a planned…
Oil and Gas Pipeline Safety Cases Plunge in First Months of
(Bloomberg) — US regulatory actions to ensure oil and gas pipeline safety have plummeted to a record low…
Oil to remain dominant in global energy mix by 2050: OPEC
Oil is expected to remain the leading energy source in the global mix by 2050, accounting for a…
Why OPEC+ Is Pumping Fast and Playing Hardball
OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August. Instead of the…
Climate change tripled recent heat deaths in Europe, scientists say – POLITICO
This climate-induced change in temperatures, the scientists said, led to a surge in excess deaths in those cities.…