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On Tuesday, Oman and Murban crude premiums fell, whereas Dubai’s premium rose slightly. U.S. sanctions on Iran contributed to rising oil prices and supply concerns. Taiwan’s CPC secured six million …
Middle East Crude Market: Oman and Murban Premiums Decline Amid Rising Dubai Prices Read More
President Trump has announced that 25% tariffs on Canadian and Mexican exports will take effect on March 4, along with a 10% tax on Chinese imports. The oil market is …
Trump Implements Tariffs on Canadian and Mexican Exports Amid Trade Tensions Read More
Oil prices experienced gains on Thursday following President Trump’s revocation of Chevron’s license to operate in Venezuela, which may tighten global crude supply. Brent crude rose 0.3%, while WTI gained …
Oil Prices Rise as Trump Revokes Chevron’s Operations in Venezuela Read More
Light crude oil futures are rebounding slightly after hitting a low of $68.36, supported by President Trump’s revocation of Chevron’s Venezuela license. This policy change raises supply concerns while the …
Oil Futures Recover as Chevron’s Venezuela Operations Halted Read More
Oil prices increased on Thursday following President Trump’s cancellation of Chevron’s Venezuela license. While prices rose, gains were limited by potential peace developments in Ukraine and a rise in U.S. …
Oil Prices Increase Amid Trump’s Revocation of Chevron License in Venezuela Read More
Middle East crude benchmarks Dubai and Murban saw price rises, while Oman declined. Oil prices recovered after U.S. policy changes raised supply concerns regarding Venezuela. Eni reported a significant profit …
Middle East Crude Analysis: Dubai and Murban Prices Increase; Oman Declines Read More
Iraq is prepared to resume oil exports through a Turkish pipeline from Kurdistan, which has been inactive for nearly two years; however, disputes between Kurdish and central authorities have delayed …
Iraq Expresses Readiness to Resume Oil Exports via Turkish Pipeline Read More
Offshore drilling updates feature new contracts with Tullow Oil, TotalEnergies, and Equinor. Tullow plans to enhance production in Ghana’s Jubilee field from May 2025, while TotalEnergies reserves Stena DrillMAX for …
Tullow, TotalEnergies Secure Key Drilling Contracts Offshore Ghana and Suriname Read More
Oil prices rose sharply due to President Trump’s renewed sanctions against Iran, with Brent crude increasing to $76.34 per barrel. The market reflects concerns that aggressive enforcement could significantly impact …
Oil Prices Rise as Markets React to Trump’s Increased Sanctions on Iran Read More
South Sudan has restarted oil production after a year-long halt due to conflicts in Sudan, aiming to revive its struggling economy. Despite the government’s optimism, experts caution that past oil …
South Sudan: Resumption of Oil Production Amid Economic Challenges Read More