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Crude oil hits record low

Average monthly crude oil prices dropped to below $65 per barrel in May 2025, one of the lowest since April 2021. Following an 8.1% increase in January 2025, WTI prices declined for three consecutive…

Al Majalla - London 27 May 2025

Crude oil tanker Advantage Angel sails in the Bosphorus, on its way to the Mediterranean Sea, in Istanbul, Turkey December 12, 2022. REUTERS/Yoruk Isik

Turkey Reaches Deal Over New Crude Tanker Insurance Regulations

Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before…

13 December 2022

Saudi Aramco To Invest in $7 bln Petchem Project in South Korea

Saudi Aramco (2222.SE) said on Thursday it plans to invest in a $7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's (010950.KS) refining complex in…

17 November 2022

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann

Oil Supported By Supply Threats Yet Still Set For Weekly Drop On Demand Fears

Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China's COVID-19 curbs weighed on the…

09 September 2022

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian

Oil Steady As Tight Market Competes With Recession Fears

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar. Brent crude futures for October settlement fell 34…

22 August 2022

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LATEST ISSUE

crude oil

Crude oil hits record low

Turkey Reaches Deal Over New Crude Tanker Insurance Regulations

Saudi Aramco To Invest in $7 bln Petchem Project in South Korea

Oil Supported By Supply Threats Yet Still Set For Weekly Drop On Demand Fears

Oil Steady As Tight Market Competes With Recession Fears

Is the US on the verge of military intervention in Cuba?

How fibre-optic drones are reshaping warfare

US public opinion finally sours on Israel: what next?

Europe eyes Algeria's shale gas amid supply crisis

The extravagant Hajj caravans of the sultans’ wives

OPINIONS

How the 2026 Iran war depleted America's munitions

Pakistan keeps chasing an elusive deal between the US and Iran

Hajj 2026 could be the costliest season on record

Why some are trying to pull Syria into Lebanon’s crises

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