Keywords: Petroleum
The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......
Russia has expanded its search for alternative fuel supplies by importing a shipment of gasoline from Morocco as it works to address domestic fuel shortages caused by disruptions at several oil refineries. The move reflects Moscow’s broader strategy of strengthening fuel reserves while maintaining......
U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......
The International Energy Agency (IEA) has reported that its member countries have released approximately 290 million barrels of oil from strategic reserves as part of an emergency response aimed at easing pressure on global energy markets. The move comes amid heightened geopolitical uncertainty and......
The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level since 1983, according to the latest figures released by the U.S. Energy Information Administration (EIA). The drop reflects a reduction of nearly three million barrels, leaving the emergency stockpile at approximately......
Venezuela has confirmed that its oil industry continues to operate normally despite the devastating twin earthquakes that struck the country, causing widespread destruction and claiming more than 4,500 lives. Speaking during a televised meeting with business leaders, acting President Delcy Rodríguez......
Nigeria's Dangote Group is preparing to finance its proposed oil refinery in Kenya through a combination of internal cash resources, bond issuance and a future initial public offering (IPO), according to a senior company executive. The planned facility, designed to process 700,000 barrels of crude......
Egypt has added four state-owned companies to its ongoing privatisation programme, according to a statement from the cabinet on Sunday, marking another step in the country’s efforts to restructure parts of its public sector and attract greater private investment. The decision reflects continued......
Morocco has recently expanded the diversification of its energy supply sources, with new data indicating a growing role for Georgian petroleum products in its import portfolio, highlighting broader shifts in global energy trade routes. According to official Georgian statistics, Morocco ranked seventh......
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