Iran has carried out its first crude oil export outside the Persian Gulf via the Jask terminal, expanding its export options amid threats of retaliatory strikes by Israel targeting oil facilities.
Iran has carried out its first crude oil export outside the Persian Gulf via the Jask terminal, expanding its export options amid threats of retaliatory strikes by Israel targeting oil facilities.
Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.
Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.
U.S. crude oil reserves have unexpectedly decreased, while production reaches a record high, solidifying the United States' position as the world's top producer.
U.S. crude oil reserves have unexpectedly decreased, while production reaches a record high, solidifying the United States' position as the world's top producer.
The CEO of TotalEnergies, Patrick Pouyanné, calls for a balanced energy transition, criticizing alarmist approaches and emphasizing the need to reconcile economic development with investment in decarbonized energies.
The CEO of TotalEnergies, Patrick Pouyanné, calls for a balanced energy transition, criticizing alarmist approaches and emphasizing the need to reconcile economic development with investment in decarbonized energies.
Marine fuel sales in Panama reached their highest level in September since 2020, supported by strong year-on-year performance in both high sulfur and very low sulfur bunker grades.
Marine fuel sales in Panama reached their highest level in September since 2020, supported by strong year-on-year performance in both high sulfur and very low sulfur bunker grades.
The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
The international operator of Kashagan urges QazaqGaz to prioritize the construction of processing facilities, as oil production growth projects are delayed.
The international operator of Kashagan urges QazaqGaz to prioritize the construction of processing facilities, as oil production growth projects are delayed.
The British government has opened 37 investigations into suspected breaches of sanctions imposed on the Russian oil sector, marking an intensification of efforts to enforce restrictions aimed at reducing Russia's oil revenue.
The British government has opened 37 investigations into suspected breaches of sanctions imposed on the Russian oil sector, marking an intensification of efforts to enforce restrictions aimed at reducing Russia's oil revenue.
Gasoline exports to Nigeria have sharply dropped in October, as the Dangote refinery operates at half capacity, risking a fuel deficit without additional imports.
Gasoline exports to Nigeria have sharply dropped in October, as the Dangote refinery operates at half capacity, risking a fuel deficit without additional imports.
Reliance Industries posted a 1% rise in crude throughput in the third quarter despite unfavorable market conditions affecting its petrochemical business. The O2C division, however, saw its revenues increase by 5.1% year-on-year.
Reliance Industries posted a 1% rise in crude throughput in the third quarter despite unfavorable market conditions affecting its petrochemical business. The O2C division, however, saw its revenues increase by 5.1% year-on-year.
The Indonesian government reduces nearly half of its exploration permits to focus on optimizing and reactivating existing wells, aiming to strengthen national production.
The Indonesian government reduces nearly half of its exploration permits to focus on optimizing and reactivating existing wells, aiming to strengthen national production.
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.
The International Energy Agency (IEA) has lowered its forecasts for global refinery runs due to weak profit margins, particularly impacting China and Europe.
The International Energy Agency (IEA) has lowered its forecasts for global refinery runs due to weak profit margins, particularly impacting China and Europe.
The International Energy Agency confirms that the oil market remains stable despite tensions in the Middle East, while preparing to intervene if necessary.
The International Energy Agency confirms that the oil market remains stable despite tensions in the Middle East, while preparing to intervene if necessary.
India Intensifies Efforts to Increase Crude Oil Purchases from Brazil Despite Competition from Discounted Russian Oil and Logistical Challenges Related to Maritime Transport
India Intensifies Efforts to Increase Crude Oil Purchases from Brazil Despite Competition from Discounted Russian Oil and Logistical Challenges Related to Maritime Transport
As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.
As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.
OPEC Revises Down Its Global Oil Demand Estimates for 2024 and 2025, Forecasting Consumption of 104.1 Million Barrels per Day in 2024, Compared to 102.2 Million in 2023.
OPEC Revises Down Its Global Oil Demand Estimates for 2024 and 2025, Forecasting Consumption of 104.1 Million Barrels per Day in 2024, Compared to 102.2 Million in 2023.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.
Patrick Pouyanné, CEO of TotalEnergies, anticipates an oil peak by 2040 while reaffirming the importance of investing in oil and gas, despite the growing prominence of renewable energies.
Patrick Pouyanné, CEO of TotalEnergies, anticipates an oil peak by 2040 while reaffirming the importance of investing in oil and gas, despite the growing prominence of renewable energies.
Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.
Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.
An acid gas leak in a Pemex refinery in Deer Park, Texas, has caused 2 deaths and 35 injuries. Local authorities have issued an alert, and an investigation is underway to determine the causes of the accident.
An acid gas leak in a Pemex refinery in Deer Park, Texas, has caused 2 deaths and 35 injuries. Local authorities have issued an alert, and an investigation is underway to determine the causes of the accident.
The British giant BP forecasts a decline in its oil sales and refining margins in the third quarter of 2024, impacting its financial results amid falling oil prices.
The British giant BP forecasts a decline in its oil sales and refining margins in the third quarter of 2024, impacting its financial results amid falling oil prices.
