The World of Petroleum and Bitumen
The World of Petroleum and Bitumen
Although addressing crude oil selling has been a priority in recent years, it still persists in the country. Reducing crude oil selling in the petrol...
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Hungary's Foreign Minister has accused the European Commission of blackmail regarding the blocked petroleum supply to Hungary and Slovakia.
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Saudi Arabia's Gross Domestic Product (GDP) contracted in the second quarter of this year due to an 8.5% decline in petroleum activities.
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In June, India's monthly petroleum imports from Russia saw a slight decline, while imports from the US surged to their highest level since February 2...
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Saudi Arabia, in its efforts to boost renewable energy production, has entered into joint ventures with Chinese solar companies, amounting to approxi...
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Turkey is willing to export more gas to the European Union, most of which will be supplied by Azerbaijan, but there is a condition for this.
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In the first half of 2024, the production of electricity using wind and solar power in Europe outpaced electricity generation from fossil fuels.
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Petroleum imports to Asia in the first half of 2024 slightly declined contrary to expectations, primarily due to reduced purchases by China.
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Some members of OPEC Plus, particularly Iraq, Kazakhstan, and Russia, continue to produce more petroleum than their allotted quotas, despite their co...
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The International Monetary Fund (IMF) revised its forecast for Saudi Arabia's economic growth downwards due to the ongoing petroleum production cuts ...
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According to the World of Petroleum and Bitumen Journal, it is important to point out that bitumen is one of the by-products of crude oil refining, w...
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An Iranian knowledge-based company has introduced advanced fire extinguishing systems capable of extinguishing fires in oil tanks, refineries, or oil...
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The Kuwait Oil Company has made a significant petroleum discovery in the Al-Nokhatha field located in the eastern part of Kuwait's Failaka Island, wi...
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Researchers have warned that the rise in sea levels could disrupt the shipping of crude oil and seriously jeopardize energy security in import-depend...
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In the meeting of the Export Commission of Iran’s Chamber of Commerce, while addressing the issues related to returning foreign currency earnings f...
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India's Reliance Industries has signed a one-year contract with Rosneft to purchase at least three million barrels of petroleum per month using Ruble...
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Sinopec has predicted that China's petroleum demand will peak before 2027, earlier than previously expected.
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Saudi Arabia is planning a multi-billion dollar sale of shares in the state-owned giant Aramco.
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Following the expiration of the general U.S. license for operations in Venezuela's petroleum industry, up to 50 license applications have been submit...
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If the Canadian federal government enforces stringent regulations on emissions starting in 2030, the Canadian petroleum and gas industry could lose $...
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