Oil

Oil prices and global developments affecting the energy sector.

Russia sends a shipment of oil and condensates to Syria amid complications of Western sanctions

Data from the London Stock Exchange Group and trade sources revealed that Russia is preparing to deliver about 750,000 barrels of Arctic heavy oil blend and gas condensates to the Syrian port of Baniyas, in a move that reflects the ongoing energy cooperation between Moscow and Damascus despite the Western restrictions imposed on Russian energy exports.

Oil Prices Decline Amid Concerns of Oversupply and Slowing Global Demand

Global oil prices witnessed a slight decline today, Tuesday, affected by concerns of oversupply and a drop in demand due to ongoing trade tensions between the United States and China, the two largest consumers of crude oil in the world.

Washington Pressures New Delhi to Stop Russian Oil Flow

Trump's threats represent a real test of the complex relationship between Washington and New Delhi.

Russia and Morocco: Strong Growth in Trade Exchange and Increasing Cooperation

Patrushev confirmed that Morocco is one of Russia's most important partners in Africa, expressing his satisfaction with the continued development of dialogue between the two countries despite the current geopolitical circumstances,

Reuters: Turkey continues to import Russian oil despite US pressure

The latest shipping data released by the "London Exchanges Group", alongside information from market sources, revealed that Turkey aims to maintain its imports of Russian Urals crude oil during October at a level of 280,000 barrels per day.

Iraqi Prime Minister Announces Plan to End the Country's Dependence on Iranian Gas by 2028

Iraqi Prime Minister Mohammed Shia' al-Sudani revealed an ambitious plan aimed at ending the country's dependence on importing Iranian gas, which costs about 4 billion dollars annually, by the year 2028

Oil prices witness cautious stability amid expectations of reduced supplies from Russia and India

Oil prices stabilized relatively during trading on Thursday, as markets awaited potential repercussions on India's imports of Russian crude, which could drive demand for supplies from alternative sources.

Putin: Russia is a key pillar in the energy market and secures one-tenth of global oil production

Russian President Vladimir Putin confirmed that his country continues to maintain its vital position in the global energy market, contributing about 10% of the total oil production in the world.

Oil Markets Continue to Decline Amid Expectations of Record Supply Surplus

Oil prices continued to decline for the second consecutive session on Wednesday, affected by pessimistic reports from the International Energy Agency regarding the likelihood of a significant surplus in supply next year, amid renewed trade tensions.

Egypt sets a $5.7 billion strategy to enhance energy production through new wells

The Egyptian Minister of Petroleum and Mineral Resources, Karim Badawy, announced an ambitious investment plan worth $5.7 billion dedicated to oil and natural gas exploration and research over the next five years

Indicators of easing between Washington and Beijing drive oil prices stability

Oil prices stabilized today, Tuesday, supported by preliminary indicators of a decrease in the severity of trade tensions between the United States and China, which boosted optimism in the markets and alleviated concerns related to global fuel demand.

Germany Records Highest Level of LNG Imports Since 2022

The German gas network agency announced that LNG imports by sea vessels reached their highest level since the opening of LNG reception terminals in 2022, reflecting significant changes in the German energy market.

Calm Prevails in Oil Markets as Geopolitical Fears Ease After Gaza Agreement

Oil prices stabilized in early Asian trading on Friday, reflecting a decrease in the risk premium associated with the war in Gaza, after Israel and Hamas announced their agreement on the first phase of a plan to halt fighting.

Ceasefire Agreement Between Israel and 'Hamas' Reduces Oil Prices

Global oil markets witnessed a decline in prices today, Thursday, following the announcement of an agreement between Israel and the Islamic resistance movement 'Hamas' to cease fire in the Gaza Strip, which calmed investors' fears.

The Syrian Minister of Energy inspects the Twinan gas facility and launches its operation after repairing the two halted turbines

The Syrian Minister of Energy, Mohammad Al-Bashir, announced during his inspection of the Twinan gas facility in the countryside of Homs, the official launch of work there after the technical teams completed the repair and rehabilitation of the two gas turbines that had been halted for a while.

Iraq Reintroduces Exxon Mobil to Oil Fields with Agreement to Develop the "Majnoon" Field and Infrastructure

In a move that enhances the return of major global oil companies to Iraq, the American company "Exxon Mobil" signed an agreement with the Iraqi government on Wednesday, aimed at developing the giant "Majnoon" oil field.

Rising Oil Prices Driven by "OPEC+" Limited Decision and Anticipation of U.S. Inventory Data

Global oil markets witnessed a surge today, Wednesday, influenced by a decrease in concerns over supply surplus, following the "OPEC+" alliance's decision to increase production for November at a slower pace than previously anticipated.

The Minister of Energy inspects water and electricity projects in Deir ez-Zor and confirms the continuation of rehabilitation plans

The Syrian Minister of Energy, Engineer Mohammad Al-Bashir, on Tuesday, conducted a field tour in Deir ez-Zor Governorate accompanied by Governor Ghassan Al-Sayed Ahmad and the Minister's Assistant for Water Resources, Osama Abu Zaid, which included several vital projects in the water and electricity sectors.

Oil Rises Supported by Caution from "OPEC+" and Geopolitical Tensions

Oil prices returned to rise in trading today, Tuesday, recording a slight increase supported by the "OPEC+" alliance's decision to reduce the pace of production increase, which eased market fears of an oil supply surplus.

Oil prices rise 1.5% supported by the conservative decision of "OPEC+" to increase production

Oil prices saw a significant increase in trading on Monday, supported by the recent decision of the "OPEC+" alliance to reduce the monthly production increase to a level below expectations, which eased concerns about a global supply surplus.

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