GCC crude oil production reaches 17 mn barrels a day in 2023

GCC countries ranked first in global energy indicators and first in crude oil production, crude oil reserves, crude oil exports and natural gas reserves. Additionally, the GCC countries ranked second worldwide in natural gas exports and third in marketed natural gas production, according to data issued by the Statistical Centre for the Cooperation Council for

Russia exports €63 bn worth of fossil fuels since war

Despite European Union announcements of several rounds of punitive measures against the Kremlin, a report claimed Moscow has exported a major chunk of its oil export to European countries. According to a report by the Centre for Research on Energy and Clean Air, Russia has exported €63 billion worth of fossil fuels after initiating a

New bunker terminal launched at port of Duqm

Oman Oil Marketing Company (OOMCO) says the opening of a new bunker terminal at the Port of Duqm marks the first step in its quest to be a top Gulf Cooperation Council (GCC) marine fuels supplier by 2027. The new terminal will offer high sulphur fuel oil (HSFO), very low sulphur fuel oil (VLSFO) and