Keywords: Oil
Morocco has introduced a new government decree to tighten control over the quality and safety of vegetable oils and fats intended for consumption. This initiative seeks to modernize outdated regulations, protect consumers, and align national standards with international benchmarks. The decree applies......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
Ukraine has carried out its first attack on a Russian oil platform in the Caspian Sea, signaling a significant escalation in its campaign to hit Moscow’s economic lifelines supporting the war effort. Security officials in Kyiv confirmed that long-range drones targeted the Filanovsky platform operated......
Libya is preparing for a major milestone in the revival of its energy sector. For the first time in nearly eighteen years, the National Oil Corporation (NOC) is set to reveal, in early 2026, the companies selected to receive new oil and gas exploration licenses. The announcement was confirmed by NOC......
Ukraine carried out another targeted drone attack against Russia’s Ryazan oil refinery overnight, intensifying its ongoing strategy to weaken Moscow’s energy production network. The strike, the ninth of this year on the facility, triggered explosions and a fire at what is considered one of......
Pakistan has praised the recent visit of Azerbaijan’s Economy Minister Mikayil Jabbarov, describing it as a crucial step toward deepening regional cooperation and expanding economic ties between the two countries. During a weekly press briefing in Islamabad, Foreign Ministry spokesperson Tahir......
Hungary has stepped up fuel shipments to Serbia as the Balkan nation faces the prospect of an energy crunch triggered by US sanctions on its majority-Russian-owned refinery. During a visit to Belgrade, Hungarian Foreign Minister Peter Szijjarto announced that energy company MOL has more than doubled......
Oil prices have plummeted amid growing forecasts of a historic supply surplus extending into 2027, raising concerns among investors and analysts about prolonged market imbalance. Despite geopolitical uncertainties, the market is bracing for a significant glut driven by supply outpacing demand at an unprecedented......
Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment......
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