Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

US oil refiners will look to Latin America and the Middle East to replace suddenly more expensive Canadian and Mexican crudes ...

Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle Eastern crude and global benchmark Brent. The action has hit record levels ...

With the 2025 Oil & Gas Middle East Awards just around the corner, we are thrilled to unveil this year’s shortlist across 20 categories, spotlighting the companies, initiatives, and individuals ...

Syria is seeking to import oil via local intermediaries after its first post-Assad import tenders garnered little interest ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets. The lack of variety and volume in Middle Eastern benchmarks, such as Dubai ...

The Middle East, as a global leader in oil production, is perfectly positioned to maximise the benefits of digital transformation, aligning with regional sustainability goals like Saudi Arabia’s ...

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Indian Oil Corp (IOC) , the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as U.S.

Oil and gas discovery represents second prominent offshore find made by KOC, state-owned player confirmed in social media ...

With the oil market constantly changing, there could come a time when a Middle East blend might come to rival the international benchmark. This time, to be fair, is still quite far in the future ...