Oil prices in the Middle East have experienced a significant decline ... have confirmed plans to proceed with a gradual increase in oil production starting April 2025. This decision involves ...

Oil futures settled higher on Friday, contributing to a gain for the week as traders weighed concerns about the global ...

Syria’s Electricity Minister Omar Shaqrouq on Wednesday said the country’s power supply has seen a “significant improvement” ...

Asia's sour crude demand is set to rebound from late in the second quarter as refiners return from maintenance and Exxon ...

Adnoc Gas has signed a multi-year liquefied natural gas sales and purchase agreement (SPA) with state giant Indian Oil Corporation ... players in the Middle East, with capacity to handle more ...

Chevron Corp. is looking to replace Venezuelan oil at its refineries with supplies from Mexico, Brazil and the Middle East after the Trump administration ordered the company to shut operations in ...

This would give an initial boost to oil-exporting Middle East countries. But bad news may lie ahead as oil demand slows due to weakened global trade and shipping. "The macro outlook for MENA ...

BEIJING: Two giants in China’s oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years, transforming global cargo flows and puzzling oil traders ...

OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle East risk premium alongside uncertainty about a ... the ...

OPEC+ has slowed the tapering of voluntary production cuts, extending them into 2026. This move aims to stabilise oil prices amid weaker-than-expected demand, particularly from China. However, global ...