ADNOC Accelerates $55 Billion Investment after UAE’s OPEC Exit
ADNOC is accelerating its investment plans to $55 billion following the UAE's exit from OPEC on May 1st. This move signals a shift in the UAE's oil strategy, prioritizing independent production and gr
Volume Down Revenue Up Iran’s Oil Trade Defies the War
The article posits that despite a hypothetical 2026 US-Israeli war against Iran and significant damage to Iranian infrastructure, Iran's oil revenue increased e
OilPrice·May 4
Oil Surges on Middle East Attacks
Oil prices surged due to heightened tensions in the Persian Gulf, stemming from tanker attacks and subsequent military responses. This escalation introduces sig
Rigzone·May 4
Why the U.S. Is Pouring Billions Into Energy Projects in the Balkans
The US is increasing its investment in energy projects in the Western Balkans, creating a new area of competition with Russia and China. This move is strategica
OilPrice·May 4
Oil Surges to $114 Following Iranian Strikes on UAE Port
Oil prices surged to $114 following reported Iranian strikes on a UAE port, threatening a fragile ceasefire between the US and Iran. The escalation of tensions
OilPrice·May 4
May 4
UAE Withdraws From OAPEC
OilPrice
May 4
Equinor Bets on New Wells to Offset Declining Fields