Middle East Tensions Shake Oil Markets as Prices Drop Unexpectedly
According to World of Petroleum and Bitumen (WPB), rising hostilities in the Middle East have unsettled global energy markets, yet oil prices have de...
LEARN MOREAccording to World of Petroleum and Bitumen (WPB), rising hostilities in the Middle East have unsettled global energy markets, yet oil prices have de...
LEARN MOREAccording to WPB, oil refiners across Asia are actively pursuing increased volumes through term contracts, responding to a surge in spot crude premiu...
LEARN MOREAccording to WPB, recent military developments in the Middle East have introduced heightened instability to global energy markets. Aerial strikes car...
LEARN MOREAccording to WPB, Japan has recently resumed the importation of Russian-origin crude oil, marking the first such purchase since early 2023. The move ...
LEARN MOREAccording to WPB, the oil and gas sector is currently navigating a period of financial strain, as global crude prices hover in the low $60 range per ...
LEARN MOREAccording to WPB, investment levels in Norway’s oil and gas industry are poised to reach their highest point to date, largely propelled by increase...
LEARN MOREAccording to WPB, the global base oil market displayed varied regional dynamics during the first quarter of 2025, shaped by crude oil fluctuations, r...
LEARN MOREAccording to WPB, Kazakhstan is anticipated to exceed its planned oil production levels for the current year, primarily driven by the expansion of th...
LEARN MOREAccording to WPB, the role of base oils in modern energy and industrial systems has reached new levels of importance. As global industries work towar...
LEARN MOREAccording to WPB, India has firmly positioned itself as the leading driver of global oil demand growth, having overtaken China earlier than many anal...
LEARN MOREAccording to WPB, global energy giants Chevron, Shell, and BP are intensifying their involvement in Egypt’s natural gas sector, positioning the cou...
LEARN MOREVenezuela’s critical oil sector is deteriorating, and the root cause extends far beyond internal issues like broken-down facilities or ongoing admi...
LEARN MOREWith global liquefied natural gas (LNG) capacity expected to surge from 486 million tonnes annually in 2023 to 755 million tonnes by 2030, Africa is ...
LEARN MORETurkey is actively engaging in discussions to initiate oil and gas exploration in Bulgaria, with parallel efforts underway for similar projects in Ir...
LEARN MOREEfforts to reduce carbon emissions within the oil and gas industry have remained a contentious and urgent issue for years. As 2025 approaches — a s...
LEARN MOREThe United States has the capability to bring Iranian oil exports to a complete halt if it ramps up pressure on Tehran to prevent the country from ev...
LEARN MOREChina’s oil demand is set to rise by 1.1% in 2025, driven by unexpectedly robust economic expansion and surging need for petrochemicals, according ...
LEARN MORETwo global oil and gas giants operating in Indonesia, ExxonMobil and BP, have officially applied for permits to manage reservoir areas for carbon sto...
LEARN MOREPertamina Accelerates Oil Exploration After US Withdraws from the Paris Agreement
LEARN MOREnews has arrived from the Ministry of Energy and Mineral Resources (ESDM), which has set Indonesia’s Crude Price (ICP) for January 2025 at USD 76.8...
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