BENGALURU (Reuters) -Ramped-up oil production and diversification efforts will help most Gulf economies grow faster this year than they did in 2024, a Reuters poll of economists suggested.

If sanctioned Venezuelan oil returns to the U.S. market through the Washington-authorized swaps, many Gulf Coast refiners might again switch to their preferred heavy grades, which helps their margins.

The Gulf’s oil giants risk becoming sprawling conglomerates Although many of their investments have a commercial logic, the result looks increasingly unwieldy ...

Work is continuing on restoration efforts in the Gulf of Mexico 15 years after the Deepwater Horizon oil spill. The Gulf Coast Ecosystem Restoration Council is looking to enhance its Deepwater ...

Despite escalating regional tensions and military actions, Gulf National Oil Companies (NOCs) are maintaining their long-term strategies focused on stability, economic diversification, and global ...

The drilling ship overturned Tuesday evening off the city of Ras Ghareb, on the African side of the Gulf of Suez, the Red Sea’s northwestern arm and a crucial shipping route, the Petroleum ...

An oil-drilling ship capsized in the Gulf of Suez, killing at least four crewmen and leaving four others missing, authorities said Wednesday. The drilling ship overturned Tuesday evening off the ...

KEY TAKEAWAYS: 1.1 million gallons of crude oil spilled in Gulf of Mexico, Nov 2023. Pipeline operator delayed shutdown nearly 13 hours despite warning signs. Underwater landslides and hurricane risks ...

Based on past conflicts that have rattled oil prices, oil is likely trading in the upper range of where it should be as the Israel-Iran crisis simmers, say analysts at Citigroup.

Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.

Oil Markets Reprice Fear in the Gulf June 16, 2025 — 01:33 am EDT Written by Trefis Team for Trefis -> Oil prices are once again on the rise.