Despite oil market fundamentals evolving "significantly better than expected" in early 2025, the bank now projects a surplus of 1 million barrels per day this year and 1.5 mb/d in 2026. Barclays noted ...

Abu Dhabi state oil giant ADNOC will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document ...

Reduced to a marginal oil producer over the past decade, Venezuela has suffered another blow as United States president ...

Stock markets in the United Arab Emirates closed lower on Friday, in line with oil prices as oversupply concerns amid ...

Oil markets are awaiting the next big external shock, as the U.S.-China trade war continues to rage and the prospect of a U.S ...

UK broker Braemar is predicting an oversupply of crude tanker tonnage in the Atlantic as Venezuela halts exports to the US.

Norway’s Stolt-Nielsen is to build a new gas and chemicals terminal as part of a “landmark” $2bn development of the Turkish ...

DUBAI: In the bustling Gold Souk in Dubai, dubbed the ‘City of Gold’, 22-karat gold jewellery is a traditional favourite for ...

UAE's ADNOC signs 15-year LNG supply agreements with China's ENN Natural Gas and Zhenhua Oil. Find the latest news from the maritime industry on the PortNews website.

Despite sweeping Western sanctions, Russia has steadily exported oil to countries outside the sanctions coalition. India and ...

Saudi Arabia’s state oil company and one of China’s main electric carmakers agreed to explore closer collaboration on new ...

Coordinating Minister for Economic Affairs Airlangga Hartarto on April 18 said Indonesia has proposed increasing its imports ...