Oil prices fell on Thursday as reports that Saudi Arabia was offering additional crude cargoes through Oman helped ease immediate concerns over global supply disruptions. Brent crude futures declined to around $104.59 a barrel, while US West Texas Intermediate (WTI) traded near $101.29 a barrel, extending losses from the previousContinue Reading
China’s accelerating shift toward electric vehicles, alternative-fuel trucks and electrified industrial equipment is beginning to reshape global oil demand, creating potential challenges for crude producers and exporters across Africa and the Middle East. Chinese oil consumption fell 9% year on year in the second quarter of 2026, as high crudeContinue Reading
Egyptian contractor Petrojet has secured a $22.7 million contract to design and construct a 22km natural gas pipeline connecting Jordan’s Al-Muwaqar Industrial Development Zone to the country’s gas network. Petrojet, the Petroleum Projects and Technical Consultations Company, has been awarded a $22.7 million natural gas pipeline contract in Jordan, supportingContinue Reading
Kuwait Oil Company has given a key approval for a $381 million upstream oil project at the Al-Rawdatain field, advancing a development focused on water separation and associated production infrastructure. The project, valued at approximately KD117 million ($381 million), was previously tendered by Kuwait Oil Company (KOC), with India-based MeghaContinue Reading
