Marine fuel sales at UAE’s Fujairah port hit a record low in March, as the US-Iran conflict disrupted supply and demand at the key Gulf refuelling hub, with bunker volumes falling to 158,852 cubic metres.
The US nearly became a net crude exporter for the first time since World War Two, as exports surged toward record levels to meet rising demand from Asia and Europe replacing disrupted Middle East supplies.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
Shuaa Capital Saudi Arabia has joined hands with Gate Capital Financial Services, an established financial advisory firm, for launch the first of its kind alternative investment fund dedicated to the consolidation of the fuel retail sector in the Kingdom of Saudi Arabia (KSA).
In 2025, Endress+Hauser generated over €4 billion ($4.7 billion) in sales for the first time. Its successful integration of sensor manufacturer SICK’s gas analysis and gas measurement technology enabled good growth.
Saudi Energy and Kraken signed agreements to form a Riyadh-based joint venture, accelerating digital transformation across energy and utilities in Mena, leveraging Kraken’s AI-powered operating system for utilities.
Oil prices extended their decline on Wednesday, as cautious optimism over a possible resumption of US-Iran talks eased immediate supply fears, even as underlying risks from the ongoing conflict continued to cap losses.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
Japan’s greenhouse gas emissions fell 1.9 per cent in fiscal 2024, ending March 2025, marking a third consecutive annual decline and the lowest on record, driven by reduced manufacturing energy use and increased renewable and nuclear power generation.
QatarEnergy, as a shareholder in TotalEnergies E&P Congo (TEPC), announced a hydrocarbon discovery in the MHNM-6 NFW well of the Moho G structure in Congo, part of the country’s Moho offshore exploration and production license.
