Oil

Oil prices and global developments affecting the energy sector.

Rising Oil Prices Driven by Ukrainian Attacks and Escalating Geopolitical Tensions

Oil prices saw a significant increase in trading on Monday, supported by investors' concerns about disruptions to global oil supply due to ongoing Ukrainian attacks on energy infrastructure in Russia

Trump threatens new sanctions on Russia and requires collective commitment from NATO countries

2 days ago

Politics

Mahmoud Khalaf

Trump threatens new sanctions on Russia and requires collective commitment from NATO countries

In a new stance reflecting the increasing American pressure on Moscow, U.S. President Donald Trump announced today, Saturday, that his country is ready to impose additional sanctions on the Russian energy sector, but he linked the implementation of this step to all NATO countries stopping the purchase of oil from Russia and taking similar actions.

Baniyas Refinery Implements a Technical Project to Replace Gasoline Reformers and Increase Productivity

The Baniyas Refinery Company in Tartus Governorate began today, Saturday, the implementation of a technical project considered one of the largest modernization projects in the history of the refinery. It aims to replace the bodies of the four gasoline reformers R1, R2, R3, and R4 within the reforming unit, in addition to replacing the internal components of the first and second reformers after exceeding their specified operational lifespan.

Oil Prices Decline Amid Concerns of Weak Demand and Expectations of Increased Supply

Oil prices experienced a sharp decline on Friday, September 12, affected by pressures from increased supply and weak demand in the United States, ignoring the geopolitical concerns that usually support prices.

Japan Reduces the Price of Russian Oil to $47.6 per Barrel in a Coordinated Move with Allies

The Japanese government has decided to lower the maximum ceiling for the price of Russian crude oil to $47.6 per barrel, starting from Friday, September 12, as part of international efforts to increase pressure on Moscow

The European Union Confirms Its Commitment to Gradually Stop Russian Energy Imports by 2028

Dan Younsen, the European Union's energy commissioner, confirmed today, Thursday, that the bloc is moving forward with its plan to gradually stop importing Russian oil and gas by January 1, 2028, despite increasing American pressure to expedite the end of reliance on Russian energy.

The Syrian Minister of Energy and Croatia Discuss Enhancing Cooperation in the Oil, Gas, and Electricity Sector

The Syrian Minister of Energy, Mohammad Al-Bashir, discussed with the Croatian Foreign Minister, Gordan Grlić Radman, and his accompanying delegation, ways to develop bilateral cooperation between the two countries in the field of energy.

International Energy Agency Raises Oil Demand Forecast for 2025 Driven by OPEC+ Decision

The International Energy Agency has adjusted its global oil forecasts for the next two years, raising its estimates for global crude demand growth for 2025, following the OPEC+ alliance's decision to increase production.

In its monthly report.. OPEC maintains its forecasts for global oil demand growth for 2025 and 2026

In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) kept its forecasts for the global economy and crude oil demand growth unchanged, while its production recorded a notable jump during the month of August

Oil prices record limited gains despite the attack on "Hamas" and Trump's tariff pressures

Global oil markets witnessed a modest increase in prices on Wednesday, September 10, driven by two geopolitical factors: the Israeli attack on Hamas leaders in Doha

"OPEC+" Drives Oil Prices Up with Disappointing Production Increase Decision

Oil prices surged during trading on Tuesday, supported by the "OPEC+" alliance's decision to increase production by less than expected, alongside ongoing concerns about supply tightening due to the possibility of new sanctions on Russia.

The European Union is considering sanctions on China and importers of Russian energy driven by Washington

European officials and diplomats began preliminary discussions on Sunday to consider potential sanctions on China and other countries that import Russian oil and gas, in an increasing effort to curb energy revenues

The Recovery of Oil Prices Supported by Limited Increase in "OPEC+" Production and Geopolitical Concerns

Oil prices rose at settlement on Monday, September 8, partially recovering from last week's losses, supported by two main factors: the first is the consideration that the increase in production by the "OPEC+" alliance is "modest", and the second is concerns about the imposition of further sanctions.

Syria and Qatar discuss enhancing cooperation in the oil and gas sectors

Syrian Minister of Energy Engineer Mohammad Al-Bashir discussed today, Monday, in the Qatari capital Doha with Qatari Minister of State for Energy Engineer Saad bin Sherida Al-Kaabi, ways to expand bilateral cooperation in the fields of energy, particularly in the oil and gas sectors, within the framework of the growing relations between the two countries.

"OPEC+" adjusts oil production in October and adds 137,000 barrels per day

The "OPEC+" group announced today, Sunday, an adjustment to oil production for the upcoming month of October with an increase of 137,000 barrels per day.

Ukrainian Attack Targets Druzhba Pipeline in Bryansk, Russia, Causing Widespread Damage

The commander of the Ukrainian drone forces, Robert Provdi, announced via the "Telegram" app on Sunday that Ukrainian forces carried out a drone attack targeting the "Druzhba" oil pipeline in the Bryansk region of Russia, resulting in a fire that caused extensive damage to the facility.

Baniyas Refinery: Challenges of Modernization and Continuity of Production Amid Sanctions

In a step aimed at securing the continuity of the production process, the Syrian Baniyas Refinery has received modern quality equipment to upgrade its facilities, in an attempt to face the technical challenges that have accumulated over decades. This project comes at a critical time when Syria is facing energy and fuel crises due to international sanctions and economic collapse.

Baniyas Refinery Launches Strategic Project to Modernize Its Equipment and Improve the Quality of Oil Products

The Baniyas Refinery Company began today, Saturday, the implementation of a massive modernization project considered the most important since its establishment, following the receipt of new quality equipment aimed at enhancing the continuity of safe operation and improving the quality of oil products to meet local market needs more efficiently.

Arrival of the Second Shipment of Russian LNG Subject to US Sanctions to China

The liquefied natural gas tanker "Voskod" arrived at the Beihai import terminal in southern China on Saturday, marking the second import of its kind from the Russian "LNG 2" plant in the Arctic.

Putin: Economic cooperation with Washington in Alaska "depends on a political decision" from the United States

During his speech at the economic forum in Vladivostok, Russian President Vladimir Putin confirmed his country's openness to economic cooperation with the United States in the energy sector in Alaska

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