Wednesday, Jan 22, 2025

The World of Petroleum and Bitumen

India Urges Middle East for New Crude Oil Pricing Amid Rising Shipping Expenses

India’s major state-owned refiners have urged a Middle Eastern supplier to present alternative pricing options for crude oil.

LEARN MORE

Oil Prices Surge to 3-Month High Following New Sanctions on Russia

Oil prices have climbed to their highest levels in three months, driven by the United States imposing stricter sanctions on Russia.

LEARN MORE

Fluctuating Oil Prices: A Significant Obstacle for National Oil Companies in 2025

The global energy sector is experiencing a profound shift, with oil and gas continuing to dominate the energy mix, even as renewable energy sources r...

LEARN MORE

Middle Eastern Oil Prices Rise as Iranian and Russian Supply Drops

A decline in crude exports from Iran and Russia has driven up the value of Middle Eastern oil, with certain grades now trading at unprecedented premi...

LEARN MORE

Turkey Shows Interest in Syrian Energy Sector

Turkey has expressed a desire to play a role in rebuilding Syria’s oil and gas industry, according to remarks made by Turkey’s energy minister.

LEARN MORE

Pakistan Expected to increase Petroleum Prices for the New Year

The federal government in the Pakistan is anticipated to announce adjustments to petroleum prices on December 31, which may result in higher costs fo...

LEARN MORE

Oil Prices Hold Steady in December, but January Brings Questions

As 2024 ends, oil prices have demonstrated the most stable range since 2019, signaling that the intense fluctuations of the past three years may have...

LEARN MORE

Middle East’s Share of India’s Oil Imports Rises

India’s oil import data for November shows that the Middle East’s share surged to its highest level in nine months, while Russia’s share droppe...

LEARN MORE

Fitch Forecasts $70 Oil in 2025

Fitch Ratings has predicted that oil demand growth in 2025 will likely be similar to 2023.

LEARN MORE

UAE Oil Exports Set to Decline

The United Arab Emirates (UAE), a key member of OPEC+, is planning to reduce its oil exports early next year as part of the group’s efforts to enfo...

LEARN MORE

What the Oil and Gas Industry Seeks from Trump and How He Could Fulfill Their Agenda

The oil and gas sector has presented a detailed agenda for President-elect Donald Trump to consider.

LEARN MORE

China and U.S. Steer 2025 Oil Market Outlook

Uncertainty over oil demand growth is expected to linger beyond 2024, accompanied by concerns over potential price declines.

LEARN MORE

Saudi Arabia and OPEC+ Prepare for Turbulence Amid Trump’s New Oil Strategy

Trump has been openly critical of OPEC, Saudi Arabia’s policies, and China’s growing influence in the region.

LEARN MORE

Nigeria’s Port Harcourt Refinery Embarks on Petroleum Product Export Journey

The recently refurbished Port Harcourt refinery in Nigeria has officially begun exporting refined petroleum products, marking a significant milestone...

LEARN MORE

Russian Oil Exports to China via Kazakhstan Show Stability in 2024

Russian oil exports to China through Kazakhstan’s pipeline system have remained steady throughout 2024, according to data from KazTransOil, Kazakhs...

LEARN MORE

Saudi Arabia Gains Ground in Asian Oil Market as Russian Exports Decline

Saudi Arabia has managed to reclaim a portion of its oil market share in Asia, the largest oil-importing region globally, as its crude exports increa...

LEARN MORE

China’s Key Shale Oil Site Surpasses 1 Million Tons in Annual Output

The first national-level shale oil demonstration site in China, situated in the Xinjiang Uygur autonomous region, has achieved an annual production m...

LEARN MORE

Pakistan’s Petroleum Policy Crisis Worsens

Islamabad: Pakistan’s Petroleum Division is facing heightened turmoil as disagreements over gas allocation policies and other key petroleum issues ...

LEARN MORE

Czech Republic Ends Reliance on Russian Oil

The Czech Republic will halt imports of Russian oil by July 2025 as part of its strategy to diversify energy sources.

LEARN MORE

Strategies to Transform the Petroleum Industry Toward Sustainability

Petroleum has become indispensable across numerous industries, yet its extensive use, extraction processes, and combustion have contributed significa...

LEARN MORE