Energy

Iraq's Oil Minister Hayan Abdel-Ghani said shipments have been not impacted by a deadly fire that broke out at an oilfield on Sunday

Egypt raised prices on a wide range of fuel products on Friday, the country's official gazette said, marking the second increase this year.

Iraq has launched its third offshore pipeline at Grand Faw Port to massively boost its oil exports and modernise its southern energy infrastructure

The field is estimated to cover an area of 40 square kilometres and hold one trillion cubic feet of gas, the Kuwait Oil Company said.

Algeria’s Sonatrach has signed a $5.4 billion, 30-year oil and gas deal with Saudi Arabia’s Midad Energy for exploration and development in the Illizi Basin.

Oil shipments from Sudan to the UAE by the world's largest independent oil trader have been disrupted due to a diplomatic crisis between the countries

Eight OPEC+ countries agreed on Sunday to raise oil production by 137,000 barrels per day (BPD) in November, the group said in a statement.

The resumption in oil flows to Turkey comes amid the renewed focus on developing Iraqi Kurdish oil, with BP set to develop fields in Kirkuk.

The deal will allow 180,000 to 190,000 barrels per day of oil to flow from the KRG to Turkey's Ceyhan port.

The move comes as so-called snapback sanctions triggered by the European parties to a landmark 2015 nuclear deal with Iran are set to return