Markets

Oil prices are set to fall as Israel’s restrained strikes on Iran avoid disrupting oil infrastructure, allowing for short-term market stability

KEY POINTS • U.S. crude inventories increased by 5.5 million barrels, driven by higher imports.• Gasoline stocks rose unexpectedly by 900,000 barrels as refineries ramped up production.• Distillate stockpiles fell …

Saudi Aramco raises $3 billion in its latest bond sale to support higher dividend payments and capital investments amid lower oil revenues

NOSDRA plans to enhance oil spill regulations, collaborating with CNA to implement global safety standards and improve regional oil spill response efforts

Saudi Aramco, Trafigura, and other major oil players are competing to buy Shell’s South African gas stations as the company reshapes its downstream portfolio

Shell and other energy giants are taking legal action against Venture Global LNG for failing to fulfill key long-term contracts, warning of a potential industry-wide crisis

TotalEnergies redirects its exploration efforts from South Africa to more viable regions near Namibia, impacting local energy plans.

Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.

Bitcoin emerges as a game-changer in the oil industry, offering innovative solutions to reduce gas flaring and enhances sustainability.

Tight oil market faces heightened risks amid Iran-Israel conflict escalation.