Middle East3 months agoWorld Leaders Welcome the US-Iran Agreement as Europe Signals Sanctions Relief and WTI Falls Toward $80KEY POINTS World leaders welcomed the U.S.-Iran agreement to end nearly four months of war, urging steps to reopen the…
Middle East3 months agoEgypt boosts oil production in Western DesertEgypt has increased oil production in the Western Desert as part of its efforts to boost domestic output and reduce…
Middle East3 months agoZion Oil & Gas commences sidetrack operations at MJ-02 well in IsraelZion Oil & Gas started field operations for the sidetrack phase of its Megiddo-Jezreel 2 (MJ-02) well in Israel, re-entering…
Middle East3 months agoMcDermott among Aramco’s hand-picked contractors for large-scale projectsU.S. offshore engineering and construction player McDermott has made the cut and secured its spot in the contractor pool that…
Middle East3 months agoIsrael Hits Iranian Petrochemical Plant as War EscalatesIsrael hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since…
Middle East3 months agoKEPCO Wins $1.4-Billion power Project for $100-Billion Saudi Jafurah FieldSouth Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to…
Middle East3 months agoAnalysts Tell OPEC+ Hormuz Disruption Will Last Through Year EndOil industry experts have told OPEC+ that supply disruption caused by the closure of the Strait of Hormuz will persist…
Middle East3 months agoOil Surges Over 7% as Iran Halts US Peace Talks and Threatens Full Closure of the Strait of HormuzOil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is…
Middle East3 months agoCeasefire Talks Trigger the Biggest Weekly Collapse in Brent Oil Price in Two MonthsBrent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension…
Middle East3 months agoIEA Forecasts a $3.4 Trillion Energy Investment BoomGlobal energy investment is set to jump to $3.4 trillion this year, the International Energy Agency said today, noting that…
