Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] NEW YORK (AP) — Wall Street pulled back from its records on Tuesday following a mixed start to the latest profit reporting season for big U.S. companies. The S&P 500 fell 0.2% from its all-time high set the day before. The Dow Jones Industrial Average dropped 398 […]
Tokyo shares jump to new record following Wall Street rally Read More »
By Alex Kimani – Jan 12, 2026, 6:00 PM CST Global upstream investment is set to fall again in 2026, but the Middle East and North Africa are expected to add around 20 billion boe through new licensing rounds and contract awards. Libya, Iraq, Kuwait, Oman, and Syria are reopening or expanding upstream opportunities. Middle
Where The Middle East’s Next 20 Billion Barrels Are Coming From Read More »
By Irina Slav – Jan 12, 2026, 5:00 PM CST Trump’s push for cheap energy has clashed with oil market realities, as low prices pressure U.S. producers and discourage investment. Oversupply fears have weighed on prices, with forecasters expecting production cuts from shale and falling upstream capex. Geopolitical risks are now lifting prices again, as
Cheap Oil Is Double-Edged Sword for Trump Read More »
By Tsvetana Paraskova – Jan 12, 2026, 4:00 PM CST Rising oil output from the Americas and potential U.S. control over Venezuela’s reserves threaten to weaken OPEC’s influence on global oil supply and pricing. A recovery of Venezuela’s oil sector would require massive investment and legal certainty. If the U.S. gains sway over Venezuelan oil,
Trump’s Venezuela Gambit Could Erode OPEC’s Clout in Oil Markets Read More »
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Oil dips as investors assess Iran supply, Venezuelan export resumption Read More »
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98-octane gasoline: everything you need to know Read More »
Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply threatened. Both the WTI and Brent benchmarks traded about 0.7% higher as of 8:05 a.m. ET, as the market assessed potential risks to supply from
Oil prices rise as protests in Iran escalate Read More »
By Alex Kimani – Jan 11, 2026, 6:00 PM CST Global upstream oil investment is set to fall for a second straight year in 2026. Producers prioritize capital discipline amid sub-$60 oil prices, with cuts in North America and Europe offsetting higher spending in the Middle East and parts of the Global South. Non-OPEC supply
Global Upstream Capex Set To Fall Again In 2026 Amid Low Oil Prices Read More »
Aramco Saudi Aramco has introduced 98-octane gasoline at SR2.88 per liter, expanding consumer fuel choices and diversifying the company’s product portfolio, according to Saudi Gazette. The step marks a significant milestone toward broadening consumer fuel choices and diversifying the company’s portfolio, while ensuring existing products remain unaffected. In the first phase, Saudi Aramco will introduce
Saudi Aramco Launches 98‑Octane Gasoline at SR2.88 per Liter Read More »
The current year will be pivotal for Saudi Arabia, as the Kingdom is well positioned to confront a more challenging environment marked by lower oil prices and higher financing needs, said two officials from the International Monetary Fund (IMF). Amine Mati, Assistant Director, and Yvonne Rawlinson, officials from the IMF’s Middle East and Central
Saudi Arabia well positioned to face challenges: IMF Officials Read More »
