all available information about oil wealth
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Profits of “marine dredging” rise 30% by supporting its operations in the fields of ADNOC and Aramco
The UAE Marine Dredging Company achieved strong business results during the past year (2022), supported by the expansion of its operations and projects in a number of oil and gas fields in the region, led by Saudi Aramco and UAE ADNOC projects. The Emirati group, which is active in providing oil and gas field services,…
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The global price of a barrel of oil falls 3%.. and Brent crude is less than $83 – (update)
The global price of a barrel of oil decreased by more than 3% at the close of trading today, Wednesday, February 1 (2023), with the release of US inventories and the decision of the OPEC + coalition. Oil prices rose in early trading, after data showed signs of slowing inflation in the United States, easing…
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Novak: Russian oil is finding alternative buyers… and current prices are acceptable
Russian Deputy Prime Minister Alexander Novak confirmed that Russian oil production and exports are stable despite Western sanctions and price ceilings, as Russian oil finds alternative buyers under these circumstances. “Our companies have taken all the necessary measures – first and foremost – to find new supply chains, markets, and transport our oil,” Novak said,…
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The global price of a barrel of oil has risen… and Brent crude is near $86
The price of a barrel of oil rose globally during trading today, Wednesday, February 1 (2023), amid hopes for a recovery in demand. This comes after signs of slowing inflation in the US eased fears that the world’s largest user of oil could face a recession due to further interest rate hikes, and a weaker…
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A missile strike hits the Druzhba pipeline before Kazakh oil is transported to Germany
The first shipment of Kazakh crude oil is destined to pass to Germany within 15 days, via the Druzhba pipeline, which was bombed – minutes ago – by a missile heading from Ukraine, which may disrupt the export plan in the coming weeks. Today, Wednesday (February 1, 2023), the Kazakh Ministry of Energy said that…
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US Gasoline Shortage May Exacerbate By Russian Diesel Embargo (Report)
The gasoline shortage crisis in the United States is set to worsen in the coming weeks and months, with seasonal fuel inventories dropping to their lowest levels in 13 years. New York and most states on the east coast of the United States are expected to be at risk of severe fuel shortages this summer,…
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Developing the largest oil field in Kazakhstan under US auspices
Plans to expand the largest oil field in Kazakhstan have begun their first steps by introducing new facilities into early operation under the auspices of the American Chevron Corporation, with the expectation that the return of these developments will emerge by the year (2025), and the fruits of full production growth will begin in (2026).…
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Fuel prices in the UAE for the month of February 2023 are rising again
Fuel prices in the UAE for the month of February 2023 are rising again, after two months of declines. Today, Tuesday, January 31, the prices of gasoline and diesel in the UAE for the month of February 2023 were announced, and it is the decision that citizens and residents await on the last day of…
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Gasoline prices in Jordan for the month of February 2023 witnessed a surprise for citizens
Gasoline prices in Jordan for the month of February (2023) are scheduled to witness a new increase, after a significant decline in fuel prices during the current month. The decline in fuel prices in Jordan in January came as part of the country’s government efforts to control the anger caused by the recent large increase…
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Fears of fuel shortages in France after halting Total Energy shipments
Fears of a fuel shortage have been renewed in France, due to the new nationwide strike today, Tuesday (31 January), against pension reform. As the strike led to a decrease in electricity production and the cessation of deliveries from Total Energy sites, according to information seen by the specialized energy platform, and what was published…