Libya’s Largest Oilfield Hit by New Armed Group Blockade
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline …
Read Full ArticleYemen Escalation Raises New Risks for Global Oil Markets
A conflict that has simmered in Yemen for years has flared in recent weeks, with consequences that could reach far beyond the Middle East. The …
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China and India to drive global urea demand through 2030
China and India are expected to account for almost half of the global demand for urea in 2026, leading demand growth over 2026-2030.
Read Full Article“We're Living On An Oil Market Credit Card”: Analyst Sounds Alarm
The oil market is living on borrowed time as flows through the Strait of Hormuz remain disrupted and the cushions such as stock draws and …
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Bounty Oil & Gas agrees deal for Liberia deepwater block
Bounty Oil & Gas has agreed to acquire PetroQuest Liberia Deep Water, gaining access to negotiations for a PSC covering Block LB-32 offshore Liberia.
Read Full ArticleOil Tumbles 3% as Iran Floats Hormuz Reopening Within a Week
Iran has offered to open the Strait of Hormuz within seven days if the United States eases its pressure including taking steps toward ending the …
Read Full ArticleING: Supply-Side Risks Stay Elevated Even as Oil Prices Pull Back
Despite the recent decline in crude oil prices due to lower-than-feared disruption of Saudi exports, supply-side risks remain elevated, and not only in the Middle …
Read Full ArticleSaudi Oil Lifeline May Reopen as Aramco Eyes Yanbu Restart
Saudi Aramco officials have informally told at least three Asian refiners that they would soon be able to pick up crude oil cargoes at the …
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India’s ONGC discovers gas at Mahanadi deepwater well off Odisha
Oil and Natural Gas Corporation (ONGC) has reported a gas discovery at its deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, located off the coast …
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TC Energy to divest Guadalajara-Manzanillo Pipeline for $400m
TC Energy has signed an agreement to divest Energía Occidente de México, the owner of the Guadalajara-Manzanillo Pipeline in Mexico, to affiliates of ESENTIA Energy …
Read Full ArticleIndia’s Oil Import Bill Jumps 48% as Crude Prices Soar
India paid $24.4 billion more on crude oil purchases between April and August compared to a year earlier as the spikes in international oil prices …
Read Full ArticleSoaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027
Soaring oil and gas prices will keep most other prices elevated for longer, with eurozone inflation only likely to approach the target rate of 2% …
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