Tag: oil industry

Drone strikes have triggered the shutdown of vital oilfields in Iraq's Kurdistan region, slashing production by as much as 150,000 ...

India's state refiners have stopped buying Russian oil, responding to mounting U.S. pressure and stricter financial sanctions. This move marks ...

Data reveals Pakistan's oil reserves are modest, contradicting former President Trump's claim of "massive" reserves. Experts emphasize the country's reliance ...

Oil & Gas powerhouse Action Energy is gearing up for a rare initial public offering (IPO) in Kuwait, seizing the ...

Senator Marco Rubio called on Iraq to swiftly respond to recent attacks, protect its vital oil exports, and pass a ...

Kuwait's oil price rose by $2.18, reaching $72.79 per barrel, according to ZAWYA. The increase reflects tightening supply concerns amid ...

The second phase of merging Kuwait's oil companies is now underway, aiming to streamline operations and boost efficiency. The restructuring ...

ExxonMobil has teamed up with Azerbaijan's SOCAR to embark on an exciting journey of onshore oil exploration, aiming to ramp ...

Bank of America warns Saudi Arabia is gearing up for a "long and shallow" oil price war, signaling sustained pressure ...

Oil prices slipped as reports from the Wall Street Journal indicated Saudi Arabia favors further production increases. The potential boost ...

Iraq's oil exports exceeded 4 million barrels per day in the first third of 2025, marking a significant boost in ...

Saudi Arabia's GDP surged by an impressive 2.7% in the first quarter of 2023, showcasing its remarkable resilience in the ...

SK Innovation has faced an unexpected setback in the first quarter, reporting a loss that caught many by surprise. However, ...

Iraq is still holding back on compensating international oil companies (IOCs), even after supplying millions of barrels of oil, as ...

The U.S. is sharpening its gaze on the treasure trove of mineral wealth in Central Asia, driven by soaring crude ...

Kazakhstan has boldly declared its intention to promptly align its oil production with the OPEC+ quota, showcasing its unwavering dedication ...

Iraq has leveled serious accusations against Iran, claiming that the country is using counterfeit Iraqi documents to enable the illicit ...

Iraq is on an exciting journey to broaden its oil exports to Africa, seeking not just to diversify its market ...

Kazakhstan is actively seeking to renegotiate contracts with Western oil giants in a bold move to claim a larger slice ...

Kuwait's oil profits are set to skyrocket in the 2025/26 budget, fueled by soaring global crude prices and a surge ...