Russia has begun commercial oil exports from Rosneft's Vostok Oil, its vast Arctic development that Moscow is counting on to lift crude production following years of delays and sanctions.The launch comes as Russia looks for new sources of production growth…
Marine contractor CSL OWL SRI has announced the launch of Rock Star, the first of two purpose-built subsea rock installation vessels for use in the offshore renewable energy sector.
President Donald Trump said on Tuesday that Washington and Tehran were moving towards a settlement, while a senior Iranian official said Tehran could reopen the Strait of Hormuz within days if the US eased military pressure and lifted its blockade…
Russia's share in India's oil imports fell in August, while supplies from the Middle East increased as Abu Dhabi National Oil Company (ADNOC) sold oil from the region from outside the Strait of Hormuz, data from trade sources showed.United Arab…
Saudi Arabia has traditionally been the beacon of stability within OPEC. It is the Middle East's largest producer, reliably supplying markets in Asia and Europe through long-term contracts.
Russia's ESPO Blend oil jumped above $120 per barrel for the first time since April, boosted by demand from Chinese refiners as the US-Israeli war on Iran disrupts Middle Eastern supplies, three traders said and Reuters calculations showed.China has increased…
