all available information about oil wealth
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A plan to increase fuel storage capacity in Vietnam with an investment of $11.5 billion
The weakness of Vietnam’s fuel storage system has led to a series of problems in the country’s fuel supply over the past year. This prompted officials to develop long-term plans to increase future storage capacities. Vietnam’s Ministry of Industry and Trade has prepared a plan to increase national fuel storage capacities with a required investment…
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The second largest US refinery is authorized to import Venezuelan oil
US refineries are preparing to resume importing Venezuelan oil after many years of sanctions imposed on the government of Venezuelan President Nicolas Maduro. Valero Energy, America’s second-largest oil refiner, is seeking permission from the US Treasury Department to resume importing Venezuelan oil, according to Reuters. US refineries hope to obtain permission similar to what Chevron…
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Fuel prices in Qatar for the month of April 2023…gasoline declined and diesel remained stable
It is scheduled that fuel prices in Qatar for the month of April 2023 will witness a decline in the price of premium gasoline, after its stability during this March. Today, Friday, March 31, the Qatar Energy Company announced the new gasoline and diesel prices in the country, which are scheduled to start tomorrow, Saturday,…
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Gasoline prices in Jordan for the month of April 2023 recorded the first decline in 3 months
Gasoline prices in Jordan for the month of April 2023 are scheduled to witness the first decline in 3 months, after stabilizing during this March, following their rise in February. The decline in fuel prices in Jordan next month coincides with the decline in average prices of crude oil and derivatives during this March, compared…
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Fuel prices in the UAE for the month of April 2023 are declining again
Fuel prices in the UAE are set to decline for the month of April 2023, after rising for two consecutive months. Today, Friday, March 31, the prices of gasoline and diesel in the UAE for the month of April 2023 were announced, a decision that citizens and residents usually await on the last day of…
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Crude oil prices rise 2%… and Brent is above $79 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, March 30, 2023, to record the highest level in more than two weeks. This comes as investors closely await developments in Iraqi Kurdistan’s oil exports, at a time when a sudden drop in US oil inventories compensated for a less-than-expected drop…
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A shocking surprise about the British oil fields in the North Sea
Once again, the controversy over the British oil fields in the North Sea, which is awaiting a new licensing round for oil and gas exploration after it stopped in 2020, is back. Offshore Energy UK, which represents Britain’s offshore oil and gas industry, revealed a shocking revelation about 10 British oil fields in the North…
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Australia passes landmark law to reduce fossil fuel companies’ emissions
It seems that the dream of passing a law to reduce the emissions of major fossil fuel companies in Australia has finally come true, after long discussions between the government and MPs, with the aim of controlling pollution from major industrial sites. Parliament succeeded in ratifying the most important law to reduce emissions in Australia…
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Crude oil prices are rising… and Brent is above $78
Crude oil prices rose, during today’s trading, Thursday, March 30, 2023, to reap gains, after recording its first loss in 3 days during the previous session. This comes as investors closely await developments in Iraqi Kurdistan’s oil exports, at a time when a sudden drop in US oil inventories compensated for a less-than-expected drop in…
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Crude oil prices decline for the first time in 3 sessions – (Update)
Crude oil prices fell at the end of trading today, Wednesday, March 29 (2023), to fall for the first time in 3 consecutive sessions, with the issuance of the US inventory report. Crude prices rose during trading, after the US Energy Information Administration showed that oil inventories in the United States decreased by 7.5 million…