Oil

Thai Oil Public Company Limited has activated its emergency response plan following an oil spill near the SBM-2 single buoy mooring (SBM) terminal off the coast of Sriracha. Approximately 10 …

Saudi Arabia is actively urging the OPEC+ coalition to speed up oil production increases over the coming months, signaling a significant strategic shift. This move aims to reclaim market share …

According to the U.S. Energy Information Administration (EIA), U.S. oil production is set to hit a record high this year, averaging 13.6 million barrels per day (bpd). By 2026, production …

Oil prices extended gains that started on Monday amid rising concerns over supply security. As of this morning, Brent crude traded at $64.85 per barrel, while West Texas Intermediate (WTI) …

Kazakhstan’s imports of non-oil products from Azerbaijan have more than doubled in the first four months of 2025, reaching a total of $34.6 million, according to Trend. Data from Kazakhstan’s …

A recent ruling by a US federal court has temporarily halted certain tariffs implemented during former President Donald Trump’s administration. This decision quickly unsettled international markets, driving oil prices up …

Norwegian oil and gas company OKEA has confirmed a significant new oil discovery in the North Sea, offshore Norway. The find comes from an exploration well drilled in the Brage …

Kazakhstan’s oil and gas sector is poised for significant growth, with plans to increase its annual production of oil and condensate to 96.2 million tons by 2025—a 9.7% rise from …

According to Trend News Agency, a delegation from KMG PetroChem, a subsidiary of Kazakhstan’s national oil company KMG, recently toured key natural gas processing, petrochemical, and refining facilities operated by …

Refinery industry sources, as reported by Reuters, indicate that Saudi Arabia is likely to reduce its official oil prices for Asian buyers by $0.40 to $0.50 per barrel. The expected …