Market

QatarEnergy Secures Exploration Blocks in Brazil’s Ceara Basin

Hanoi:Doha QatarEnergy, in collaboration with Petrobras, has secured seven exploration blocks in the Ceara Basin during the 6th Concession Open Acreage Bid Round hosted by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

Accor…

US Oil Inventories Decline by 3.2 Million Barrels

Washington:The US Energy Information Administration (EIA) reported a decline in oil and distillate inventories in the United States, while gasoline stocks saw an increase over the past week.

According to Qatar News Agency, the EIA stated that crude …

Oil Prices Increase Due to Middle East Supply Worries

Hanoi:Middle East Oil prices experienced an increase as ongoing concerns regarding supplies from the critical Middle East region continued, with recent attacks on shipping in the Gulf and the Strait of Hormuz adding to the tension.

According to Qata…

Oil Prices Decrease Amid Middle East Tensions

Hanoi:Oil prices experienced a decline at the close of today’s trading session. This downturn follows a volatile day in the market, influenced by the International Energy Agency’s decision to expedite the release of oil reserves, particularly focusing…