Saudi Arabia has slashed crude oil prices for Asia, ramping up the competition after the UAE’s departure from OPEC. This bold move highlights a fierce battle among producers as they compete to win over crucial Asian buyers
Kuwait Restarts Crude Exports Using Two Stealthy VLCC Tankers Through Hormuz
Published on :Kuwait has boldly restarted crude oil exports through the Strait of Hormuz, deploying two massive dark VLCC tankers-a strategic move signaling a shift in its shipping routes amid rising regional tensions, sources reveal
Kyrgyzstan’s Oil Refinery Set to Complete Long-Awaited Upgrade by July
Published on :Kyrgyzstan’s oil refinery is on track to finish its long-awaited upgrade by July, reports Quantum Commodity Intelligence. This exciting modernization will ramp up capacity and enhance fuel quality, fueling the growth of the nation’s energy sector like never before
Middle East Crude Prices Rise Weekly as Saudi Arabia Slashes March Arab Light Price to Asia
Published on :Middle East crude benchmarks Oman and Dubai surged this week, buoyed by tightening supply. At the same time, Saudi Arabia lowered its March Arab Light official selling price to Asia, hinting at a cautious stance in the regional oil market
Iraq Takes Control of Operations at West Qurna 2 Oil Field
Published on :Iraq is gearing up to take full operational control of the West Qurna 2 oil field, with ambitious plans to ramp up production and maximize revenues. This move marks a bold strategic shift in managing its energy sector amid the challenges of fluctuating crude oil prices