As the United States and Europe falter under the weight of ever-increasing coronavirus cases and a general lull in markets, the health of the Asian crude market has arguably pulled Continue Reading
Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority Continue Reading
A major crude oil pipeline in southwest Iran has burst, setting fire to surrounding farms and lands, state news agency IRNA reported Dec. 13. The 30-inch Marun-Isfahan pipeline, with six Continue Reading
Kuwait’s emir on Monday approved a new cabinet that included new ministers of oil and finance for the OPEC member state which is mired in its worst economic crisis in Continue Reading
Saudi tankers pictured in a handout photo. An explosion hit a tanker docked in Saudi Arabia on Monday. An oil tanker docked at the Saudi port city of Jeddah was Continue Reading
An LR1 tanker owned by Hafnia suffered an explosion early Dec. 14 while discharging a gasoline cargo at Saudi Arabia’s western port of Jeddah, sources with direct knowledge of the Continue Reading
Iraq’s oil ministry has managed to put out fire at one of two oil wells in the northern Khabbaz oil field that were set ablaze on Dec. 9 by explosive Continue Reading
Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current Continue Reading
Oman is moving full steam ahead with its oil production, establishing a new company for upstream oil and gas. Energy Development Oman (EDO) will have a stake in the majority Continue Reading
A U.S.-funded project using satellites to track and publish water levels at Chinese dams on the Mekong river was launched on Monday, adding to the superpowers’ rivalry in Southeast Asia. Continue Reading
