World : Kazakhstan To Develop 30 New Oil And Gas Fields

Expanding our presence on global and particularly European gas market is a part of our overall strategy - President Ilham Aliyev (VIDEO)

Expanding our presence on global and particularly European gas market is a part of our overall strategy - President Ilham Aliyev (VIDEO)

NIDC completes drilling of 23 oil, gas wells in Q1

TEHRAN- The CEO of the National Iranian Drilling Company (NIDC) said: 23 oil and gas wells were drilled and completed in the first three months of this Iranian calendar year (March 21-June 20), through the efforts of the drilling crews and the utilization of the company's drilling fleet, in the country's onshore and offshore oil-rich areas.

World : OPEC+ Countries Produced Oil 7.5mln Bpd Below Target In June - IEA Report

MOSCOW, July 10 (Bernama-Sputnik/RIA Novosti) -- OPEC+ countries with voluntary restrictions increased oil production in June by 2.1 million barrels per day to 32.4 million barrels, and produced 7.5 million barrels per day below the quota level, the International Energy Agency (IEA) said in its fresh report on Friday, Sputnik/RIA Novosti reported.

The Crypto Startup Trying to Put a Barrel of Oil on Blockchain

The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world’s most actively traded commodity.

European Union: Oil Flows from Middle East Recovering

European Union: Oil Flows from Middle East Recovering

OPEC+ companies slightly boosting production as oil prices slide

A group of oil-exporting countries has agreed to a modest increase in oil production, though current prices are already relatively low. Seven OPEC+ nations have said they will increase their production goals by 188,000 barrels per day. The participating countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. Multiple nations in the Middle...

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

US Energy Revolution: Natural Gas Now Set to Lead Over Petroleum

US Energy Revolution: Natural Gas Now Set to Lead Over Petroleum

B50 biodiesel program improves farmer welfare, CPO value: minister

Downstream development of Indonesia's palm oil industry through the B50 biodiesel program will strengthen energy ...

Kazakhstan's natural gas transit reaches 30.3 bcm in January-May 2026

The volume of natural gas transited through Kazakhstan during the first five months of 2026 totalled 30.3 billion cubic meters. The data was presented in a report prepared by the Ministry of Energy of the Republic of Kazakhstan. The country's gas transit potential continues to grow. By the end of 2025, natural gas transit volumes are expected to reach

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

Egypt Targets Doubling Crude Output by 2030 with New Technology

Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the petroleum sector’s five‑year plan aims to double domestic crude oil production by 2030 through expanded application of the latest technologies, most notably horizontal drilling and hydraulic fracturing, alongside the introduction of new contractual frameworks. This came during the Minister’s meeting with the Board of [] The post Egypt Targets Doubling Crude Output by 2030 with New Technology first appeared on Egypt Oil Gas.

The Commodities Feed: Oil bounces on Persian Gulf re-escalation

ASIA/PACIFIC: Re-escalation in the Persian Gulf has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks

Iraq Eyes Oil and Gas Deals During Prime Minister’s Visit to Washington

U.S. companies have sought expanded opportunities to develop Iraq's oil and natural gas resources.

Better Energy Stock to Own in the Second Half of 2026: Energy Transfer or Occidental Petroleum?

Which of these energy stocks is a better buy today?

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Beyond Denial – How Oil Execs Shaped a Landmark Climate Study

Beyond Denial – How Oil Execs Shaped a Landmark Climate Study Ira Mon, 06/29/2026 - 00:21

Oil sector could become early test of US-Iran accord, minister says

Oil sector could become early test of US-Iran accord, minister says Iran's oil industry will serve as a major test of any future agreement between Tehran and Washington, Iraninan oil minister Mohsen Paknejad has said. According to the ministry's Shana news agency, Paknejad said that the sector would demonstrate whether Western countries remain committed to the spirit of a final peace agreement should one be reached. Paknejad said Iran's oil industry could offer significant investment opportunities to the global economy in a post-agreement environment. He added that the country has hundreds of investment projects as well as technical and operational partnership contracts ready to be signed, suggesting the energy sector could become a central area of cooperation if diplomatic progress continues. Container ships are docked at Khor Fakkan Container Terminal on the Gulf of Oman in Sharjah, UAE, 19 June 2026 (AFP)

Libya’s Oil Production Nears 1.5 Million Barrels Per Day in Highest Output Since 2013

Libya’s National Oil Corporation (NOC) said the country’s oil production has climbed to its highest level in more than a decade, bringing the country close to achieving its strategic target of producing 1.5 million barrels per day. According to an NOC statement, crude oil production reached 1,438,560 barrels per day on Sunday morning, while condensate [] The post Libya’s Oil Production Nears 1.5 Million Barrels Per Day in Highest Output Since 2013 appeared first on LibyaReview.

Pakistan Welcomes Progress in U.S.-Iran Talks

U.S. Vice President said that crude oil and natural gas are flowing through the Strait of Hormuz. On Monday, Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar welcomed the progress achieved during high-level technical talks between the United States and Iran in Burgenstock, Switzerland, reaffirming Pakistan’s commitment to facilitating dialogue. RELATED: Iran Walks []

De Belgrade à Tirana, ces chefs d'État qui vénèrent M. Trump

Profitant du contexte créé par la guerre en Ukraine, Washington entend renforcer son emprise sur le secteur énergétique des Balkans. L'objectif est de remplacer progressivement les centrales électriques à charbon par des centrales alimentées en gaz américain. / Kosovo, Serbie, Balkans, () / Kosovo, Serbie, Balkans, États-Unis (affaires extérieures), République fédérale de Yougoslavie 1992-2003

What to know about U.S. oil production and consumption in 6 charts

Here are six facts about U.S. oil production, consumption, imports and the Strategic Petroleum Reserve.

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments surged due to refinery damage.

Global oil demand is falling, and crude prices are down. But here’s why gasoline, diesel and other refined products are still costly

The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.

OPEC+ approves modest August production increase amid price slide

NEW YORK CITY, New York: Seven members of the OPEC+ alliance have agreed to modestly increase oil production in August, extending a series of monthly output hikes as crude prices continue to fall from highs reached during the recent conflict involving Iran. The Organization of the Petroleum Exporting Countries and its allies said on July 5 that Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman wou

Harga minyak kukuh, Petronas perlu percepat pelaburan

PETALING JAYA: Harga minyak yang lebih kukuh kini menjadi pemangkin utama kepada Petroliam Nasional Berhad (Petronas) untuk menggerakkan semula pelaburan sektor huluan yang sebelum ini ditangguhkan, sekali gus mengurangkan justifikasi syarikat untuk terus mengambil pendekatan berhati-hati terhadap perbelanjaan modal. Menurut CIMB Securities Sdn. Bhd., gabungan harga minyak yang tinggi, aliran tunai yang lebih mantap serta ... Read more The post Harga minyak kukuh, Petronas perlu percepat pelaburan appeared first on Utusan Malaysia.

Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy.

Papastavrou: The exploitation of our country’s mineral wealth is a matter of national importance – it belongs to the Greek people

Regarding hydrocarbon exploration in Greece, the Minister of Energy stated that the first exploratory well is expected to be drilled in mid-February 2027 at the Asopos site. The post Papastavrou: The exploitation of our country’s mineral wealth is a matter of national importance – it belongs to the Greek people appeared first on ProtoThema English.