EGPC Strikes Three New Exploration Agreements Across Egypt Deal Overview: Egypt’s EGPC signed three new oil & gas exploration agreements totaling approximately USD $121 million. The accords involve Perenco Egypt, Dragon Oil, and Apache Corp., covering offshore and onshore blocks and planned drilling programs aimed at boosting domestic exploration activity. Updated Analysis The agreements signal […]
Category Archives: News
17
Sep
Sep
Ukrainian Long-Range Drones Strike Russian Oil Port Major Disruption: Ukrainian forces deployed long-range drones against one of Russia’s largest oil ports, sparking fires and halting crude transfers for several hours. The attack not only caused immediate physical damage but also raised concerns about the vulnerability of Russian energy infrastructure and the ripple effect on European […]
16
Sep
Sep
Global Oil Market Update – September 2025 This month’s newsletter highlights critical developments in the petroleum sector, ranging from geopolitical disruptions to new exploration initiatives. These updates reflect the interconnected nature of global energy markets and their influence on supply chains, investment, and energy security. Ukrainian Long-Range Drones Strike Russian Oil Port Major Disruption: Ukrainian […]
29
Aug
Aug
Global Oil Market Update – Late August 2025 The latest on Russia & Kazakhstan oil exports, India’s crude imports, and China’s market volatility for late August 2025. Russia & Kazakhstan: Export Shifts and Infrastructure Moves Russia Increases Exports: Boosted August plan by 200,000 barrels/day after refinery attacks disrupted domestic processing, freeing more crude for shipment. […]
15
Aug
Aug
Oil Prices Fall as Market Eyes Trump-Putin Summit in Alaska Crude oil prices declined on Friday as traders nervously watch the historic summit between U.S. President Donald Trump and Russian leader Vladimir Putin. The talks could directly impact sanctions related to the war in Ukraine and, consequently, global oil supply. Brent crude futures fell 49 […]
25
Jul
Jul
Decoding the EU’s New Russia Oil Sanctions: Price Caps, Shadow Fleets, and Global Impact The intricate dance between the European Union and Russia over energy has entered a new, more aggressive phase. Historically one of Russia’s largest energy customers , the EU’s relationship with Moscow generated substantial revenue for the Kremlin, with Russia supplying approximately […]
🗞️ Global Market Watch Stay informed with key developments shaping the global energy and tyre industry. This week, a cooldown in oil prices offered some relief on one front, while new regulatory pressures emerged on another. Energy Market Shifts and Its Ripple Effect The global oil market saw Brent crude futures correct slightly to around […]
Oil Prices Ease as Traders Assess US Tariffs and OPEC+ Output Boost LONDON, July 8 (Reuters) – Oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+ output for August. Brent crude futures fell 12 […]
08
Jul
Jul
EU Parliament Approves Deal on Looser Gas Storage Rules BRUSSELS, July 8 (Reuters) – The European Parliament on Tuesday gave its final sign-off on a deal to loosen the EU’s rules on filling gas storage, following concerns that earlier rules on this risked inflating energy prices. Parliament approved the deal its negotiators struck with EU […]
13
May
May
North America dropped 11 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 2.
