Middle East

Indian refiners shift oil strategy, trim Russian buys and turn to Middle East

Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.

ADNOC Gas signs $3-B, 10-yr LNG deal with Hindustan Petroleum Corporation Limited

TotalEnergies and Bapco Energies launch BxT Trading, a new player in the trading of petroleum products in the Middle East

“The corridor to the future runs through the UAE”: Abu Dhabi powering the AI era with molecules, gigawatts and partnership

China's heavy reliance on Iranian oil imports

Beijing, which is also the biggest buyer of oil from Venezuela and a top importer of oil from Russia, has used purchases from the three countries facing various Western sanctions to save billions of dollars on its import bill in recent years.

Saudi's SABIC sells assets in Europe, Americas worth $950 MM

Tasnee's Saudi Ethylene and Polyethylene Co. commences planned maintenance of ethylene plant

Five energy market trends to track in 2026, the year of the glut

This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.

Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal

The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.

Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs

Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ship-to-ship transfers with the vessel Zonda.