Oil & Gas

Oil prices drop nearly 2%, driven by demand concerns, tariff disputes, and Iran nuclear talks

KEY POINTS Turkey is intensifying its push to secure new energy resources, with plans to explore oil and gas opportunities in Libya, Iraq, and Bulgaria. Energy Minister Alparslan Bayraktar confirmed …

KEY POINTS Tripoli will host the fourth edition of the Libyan Energy & Economic Summit (LEES) from January 24 to 26, 2026, marking the first time the event will span …

KEY POINTS Khalda Petroleum, in partnership with Apache, has discovered three new oil and gas fields in Egypt’s Western Desert, expected to add 12 million barrels of oil equivalent to …

KEY POINTS Libya’s energy sector is poised for significant growth as Mellitah Oil and Gas Company, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, revealed plans to …

Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons

Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022

KEY POINTS The Libyan National Oil Corporation (NOC) is grappling with mounting financial pressures as the country’s decades-old barter system for oil imports comes to an abrupt halt. North Africa …

Oil prices dip as traders brace for Trump tariffs and potential disruptions to global supply

A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact