Saudi Arabia’s Aramco Closes Ras Tanura Refinery Following Drone Attack
The drone strike comes amid a wave of assaults across the region
Oil
Oil Prices Jump as Middle East Conflict Shakes Global Markets
The surge followed continued military strikes by the United States and Israel on Iran
Goldman Sachs Raises 2026 Brent and WTI Forecasts
The bank warned of downside risks to its fourth-quarter 2026 forecasts
Midad Energy Moves to Buy Sanctioned Lukoil Assets
Midad will place its all-cash offer in escrow
KazTransOil to Raise Oil Transit Tariffs for Russia–Uzbekistan Route
For Russian crude, the tariff will go up by 14%
Uzbekistan Purchased Kazakh Oil at Among Lowest Prices in 2025
Singapore and Switzerland also secured comparatively cheap supplies
Lukoil Agrees to Sell Foreign Assets to Carlyle Group
The agreement is not exclusive and is conditional on regulatory approvals
U.S. Set to Approve Broader Chevron Licence for Venezuelan Oil
Chevron remains the only U.S. oil major producing in Venezuela
Kazakhstan Condemns Drone Attacks on Black Sea Tankers
The affected tankers had all necessary permits and identification systems.
Chevron Tanker and Kazakh Oil Ship Struck by Drones in Black Sea
Oil and gas production in Kazakhstan fell 35% between January 1 and 12
U.S. Seizes Fifth Tanker in Venezuelan Oil Crackdown
The tanker was intercepted before dawn by Marines
U.S. Intercepts Venezuela-Linked Russian Oil Tanker
Moscow has criticised U.S. actions related to Venezuela
Chevron and Quantum Target Lukoil Foreign Assets
Saudi firm Midad Energy is also considered a potential bidder
Venezuela to Export Up to $2 Bn in Oil to U.S. Under Trump Deal
The deal is intended to redirect shipments from China
Uzbekistan Contains New Oil Leak at M-25 Field
Authorities also confirmed that some oil entered a water channel
Oil Prices Fall More Than $1, Oversupply Concerns Weigh on Market
Rising production has fuelled concerns of an oil glut next year
Uzbekistan’s Gas and Oil Production Falls in 11M 2025
Petrol output also declined sharply
KazTransOil to Restart Oil Shipments to Uzbekistan
Transport is carried out through KTO’s main pipeline system
Uzbekistan Negotiates with Washington on Russian Lukoil Assets
Talks are ongoing with legal experts and American officials
Uzbekneftegaz and SOCAR Launch Major Hydrocarbon Project in Ustyurt
The agreement for joint development and production was signed earlier this year
Ex Pornhub Co-Owner Eyes Sanctioned Lukoil Assets
Bergmair declined to specify which assets he was targeting
OPEC+ Extends Current Oil Production Quotas Until End of 2026
OPEC+ projects that global oil trade will reach 61 mln barrels per
Kazakhstan Faces $1.5 Bn Losses After Attack on Caspian Pipeline Consortium
The attack damaged the offloading facility at VPU-2
Uzbekistan Reports Decline in Gas and Oil Production
Kazakhstan has offered to increase the transit of Russian gas to Uzbekistan