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Iraq Signs Contracts to Develop 13 Exploration Blocks, Oil and Gas Fields

Iraq has secured preliminary agreements for the development of 13 oil and gas exploration blocks and fields, as announced by the country's oil ministry...

Oil Prices Steady as Economic Fears Outweigh Geopolitics

Oil prices remained relatively stable, with Brent crude North Sea oil slightly up by USD 0.15 to USD 79.91/bbl, and WTI rising by USD...

Banned Russian Oil Now Transshipped Off Aegean Islands Amid Sanctions

Traders have shifted their strategy for moving Russian diesel cargoes, utilizing a new ship-to-ship (STS) loading site in the northern Aegean Sea. This change...

Oil Prices Rise Amid Middle East Tensions and U.S. Crude Stockpile Decline

Oil prices edged higher on Wednesday as market participants responded to a notable drop in U.S. crude and gasoline inventories, coupled with growing concerns...

What Happens If You Heat Up Crude Oil?

Crude oil, a fundamental component of the global energy infrastructure, undergoes various processes to transform it into usable products such as gasoline, diesel, and...

How Do You Refine Oil to Gasoline?

The transformation of crude oil into gasoline is a complex and multi-step process that involves various stages of refinement and chemical manipulation. This process...

Why is Crude Oil Not Used as a Fuel?

Crude oil, a fossil fuel composed of hydrocarbons and other organic compounds, is a critical resource in the global energy landscape. While it serves...

How Long Does It Take to Produce Gasoline from Crude Oil?

Gasoline is an essential fuel that powers millions of vehicles around the world. However, many people might not fully understand the intricate process involved...

Oil Prices Dip After Five-Day Rally Amid Middle East Tensions and OPEC Forecasts

Oil prices declined after a five-day rally, as concerns over escalating tensions in the Middle East were balanced by signs of weakening global demand...

China Completes Construction of Massive Offshore Oil and Gas Platform for the Gulf

China has successfully completed the construction of a colossal offshore oil and gas platform, state media reported on Monday. The platform, which took three...

Adani Group Stocks Fall Up to 7%, See Volatile Trading Post Latest Hindenburg Report

Market Reaction: Shares of Adani Group companies experienced a significant decline on Monday, August 12, with losses reaching up to 7% following the release of...

Edo Refinery Cries Out Over Non-Supply of Crude Oil to Start Production

The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over the lack of crude...

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