Oil

Oil prices and global developments affecting the energy sector.

Baniyas Refinery: Challenges of Modernization and Continuity of Production Amid Sanctions

In a step aimed at securing the continuity of the production process, the Syrian Baniyas Refinery has received modern quality equipment to upgrade its facilities, in an attempt to face the technical challenges that have accumulated over decades. This project comes at a critical time when Syria is facing energy and fuel crises due to international sanctions and economic collapse.

Baniyas Refinery Launches Strategic Project to Modernize Its Equipment and Improve the Quality of Oil Products

about 22 hours ago

Syria News

Mahmoud Khalaf

Baniyas Refinery Launches Strategic Project to Modernize Its Equipment and Improve the Quality of Oil Products

The Baniyas Refinery Company began today, Saturday, the implementation of a massive modernization project considered the most important since its establishment, following the receipt of new quality equipment aimed at enhancing the continuity of safe operation and improving the quality of oil products to meet local market needs more efficiently.

Arrival of the Second Shipment of Russian LNG Subject to US Sanctions to China

The liquefied natural gas tanker "Voskod" arrived at the Beihai import terminal in southern China on Saturday, marking the second import of its kind from the Russian "LNG 2" plant in the Arctic.

Putin: Economic cooperation with Washington in Alaska "depends on a political decision" from the United States

During his speech at the economic forum in Vladivostok, Russian President Vladimir Putin confirmed his country's openness to economic cooperation with the United States in the energy sector in Alaska

Oil prices decline for the third consecutive session heading towards the first weekly loss

Global oil markets witnessed a decline for the third consecutive session on Friday, September 5, heading towards recording the first weekly loss in three weeks, amid rising fears of a global supply glut.

China and Russia Seek to Reshape the Global Geopolitical Map: What Are the Measures?

In a move that reflects a deep strategic shift in global energy alliances, China continues to strengthen its partnership with Russia through giant energy projects, challenging American pressures and Western sanctions. These moves are not just transient commercial deals, but a redrawing of the geopolitical energy map of the world.

Oil Continues to Decline as OPEC+ Considers Increasing Production

Global oil markets witnessed a decline today, Thursday, September 4, for the second consecutive session, amid a state of anticipation among investors for the upcoming meeting of the OPEC+ alliance scheduled for early next week.

Sharp decline in oil prices exceeds 2% ahead of crucial OPEC+ meeting

Oil prices experienced a sharp decline on Wednesday, September 3, as they fell by more than 2% at settlement, influenced by expectations that the "OPEC+" alliance would discuss a new increase in production during its scheduled meeting next week.

The Syrian Minister of Energy Discusses Cooperation Opportunities in the Gas and Electricity Sectors with the Iraqi Kar Group

The Syrian Minister of Energy, Engineer Mohammad Al-Bashir, today, Wednesday, discussed with a delegation from the Iraqi "Kar" oil group ways to enhance joint cooperation in the fields of gas and electricity, as well as investment opportunities in vital energy projects within Syria, as part of efforts to strengthen regional partnership and develop energy infrastructure.

Rise in Oil Prices Supported by Supply Concerns Due to Military Escalation

Global oil prices saw a significant increase on Tuesday, September 2, amid growing market fears of supply disruptions due to the ongoing escalation of the war between Russia and Ukraine and its direct impact on energy infrastructure.

Sudan Halts Oil Production in Heglig After Drone Attacks

The Sudanese government has begun closing the Heglig oil facility following repeated attacks by drones, which have been attributed to the Rapid Support Forces.

Syria exports 600,000 barrels of heavy oil via the tanker "Nissos Christiana"

The Syrian Ministry of Energy announced today, Monday, the export of a massive quantity of heavy oil amounting to 600,000 barrels, which departed from the oil terminal in the city of Tartus, aboard the international tanker Nissos Christiana, for the benefit of the company "B Serv Energy".

Indian Oil Minister: Our Purchases of Russian Oil Contributed to Global Market Stability

In response to criticisms from American officials, Indian Oil Minister Hardeep Singh Puri confirmed that his country is not "seeking to make illicit gains" from Russian oil imports, noting that these purchases have effectively contributed to the stability of global markets.

Multiple pressures push oil prices down amid tariff threats and concerns of oversupply

Oil prices fell during trading on Monday, September 1, affected by investors' fears of the risks of increased global supply and the potential repercussions of U.S. tariffs on demand.

Khartoum accuses "Rapid Support" of attacking oil facilities in Heglig and escalating shelling on El Fasher

The Sudanese government .. The Rapid Support Forces launched an attack on vital oil facilities in the border area of Heglig, resulting in casualties among civilian workers.

Oil Prices Decline Amid Uncertainty in U.S. Demand and Developments in Russian Supplies

Oil prices witnessed a decline on Friday, August 29, at the end of a week that was heading towards a closing on a high note, amidst a state of uncertainty surrounding demand levels in the United States and the ongoing developments in the Russian supply scene.

The Ambitions of Oil Companies' Return to Syria Face Reality Challenges

In a move that reflects a shift in Syrian energy policy, Energy Minister Mohammad Al-Bashir received John Bell, the director of the British company "Gulf Sands", to discuss the company's return to operations in the country after a hiatus of more than a decade.

Dutch Vitol Transports First Syrian Oil Shipment After Lifting Sanctions

After more than a decade of forced halt, the global market is preparing to receive the first shipment of Syrian crude oil since the lifting of Western sanctions on Damascus. The Dutch company Vitol, a giant in the oil trade, will ship quantities of Syrian oil to an Italian refinery, in a symbolic step that brings Syria back to the global energy map.

Shipping the First Shipment of Syrian Oil After Lifting Western Sanctions

Vitol company begins shipping the first batch of Syrian crude oil after lifting sanctions.

Energy Negotiations: A New Pressure Tactic in the Ukrainian War

On the sidelines of the peace talks regarding Ukraine, reports indicate undisclosed discussions between American and Russian officials about potential deals in the energy sector. These discussions, which took place during U.S. envoy Steve Wittekov's visit to Moscow during the Alaska summit in August, demonstrate an attempt to find unconventional communication channels to address the Ukrainian crisis.

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