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Oil and Gas

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Crude oil barrels and pump jacks highlighting the global oil price surge over $100 a barrel amid Middle East supply cuts and shipping disruptions.
Oil and Gas

Global Oil Prices Surge Past $100 Amid Middle East Conflict

Geopolitical tensions in the Middle East have pushed global oil prices significantly past $100 per barrel. Global oil prices surged remarkably beyond $100 per barrel on Monday. Consequently, this increase reflects deep disruptions in Middle Eastern supply chains. Furthermore, the ongoing US-Israeli conflict with Iran severely impacts international energy markets. Meanwhile, Iran recently named Mojtaba Khamenei to succeed his father as supreme leader.

Vinay Prakash2 min read
Petromin Express promotional image featuring their ‘Service Excellence’ Award from Business Tabloid. Includes keywords: ‘Petromin Express,’ ‘Saudi Arabia,’ ‘Solutions,’ and modern design elements with the company logo, emphasizing regional leadership and service innovation.
AwardsPress Release

Petromin Express Wins the Customer Service Excellence Award at Business Tabloid Awards 2024

Riyadh, Saudi Arabia – Petromin Express, recognised for its services, was awarded the “Customer Service Excellence in Automotive Solutions” at the 6th Annual Business Tabloid Awards in recognition of the company’s continuous efforts in revolutionising automotive care through hyper-personalised services, innovative technology, and sustainability. Petromin Express set the pace in the industry by embracing the […]

Vinay Prakash2 min read
Oil and Gas

Nigeria’s Ogbonnaya says Country Requires $20bn Annual Investment in Gas Infrastructure to Boost Expansion

Nigeria requires an estimated $20 billion annual investment in gas infrastructure to boost expansion, said Dr Orji Ogbonnaya, executive secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), reported in the Nigerian Tribune. The report added that Ogbonnaya, in his presentation, urged the need for the government to put in place a national gas utilisation policy […]

Anne Florentyna1 min read
Oil and Gas

ONGC Plans to Set Up Two Oil-to-Chemical Plants in India

Oil and Natural Gas Corp Ltd (ONGC) is looking at setting up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical products, as the company prepares for its energy transition, said Arun Kumar Singh, Chairman, ONGC, Economic Times reported. Crude oil is a liquid petroleum product formed from the remains of […]

Anne Florentyna2 min read
Oil and Gas

Abu Dhabi’s ADNOC Gas to raise $2B from IPO

Abu Dhabi National Oil Co (ADNOC), the state-owned oil giant, announced on Thursday that it has set a pricing range for the initial public offering (IPO) of its gas subsidiary, which has the potential to raise up to $2 billion and value ADNOC Gas’ stock at between $47 billion and $50.8 billion. This is the […]

Vandana Srinivas1 min read
fuel price
Oil and Gas

UAE increases fuel prices as OPEC cuts oil production

UAE increases fuel prices as OPEC cuts oil production The Emirates General Petroleum Corporation reported on Monday that after falling for three straight months, gas prices in the UAE are expected to increase by almost 10% in November 2022. Costing is as follows – Special 95 – AED 3.20 a litre; Super 98 – AED […]

Vandana Srinivas2 min read