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The Gulf’s growing oil storage crunch
Oman’s main crude export terminal at Mina Al Fahal gives the Sultanate a structural advantage over Gulf-facing exporters, Welligence Energy Analytics MENA analyst Eric Soosay…
Read MoreWhen Hormuz shuts, where do the barrels go?
Oman’s main crude export terminal at Mina Al Fahal gives the Sultanate a structural advantage over Gulf-facing exporters, Welligence Energy Analytics MENA analyst Eric Soosay…
Read MoreIraq faces summer blackouts
Oil production has been slashed to about a quarter of prewar levels, according to Welligence analyst Eric Soosay, and Iraq has shut the majority of…
Read MoreServices firms feel the squeeze as oil rally from Iran war fails to spur drilling
“A persistent closure of the Strait of Hormuz would severely impact crew mobilizations in the region as well as create logistical challenges for movement of…
Read MoreHow crude markets could react on Monday after Iran attack
“Monday’s oil trade is likely to be among the most volatile seen in years,” Carlos Bellorin, executive vice president at Welligence Energy Analytics, told Upstream.…
Read MoreWar in Iran could cause the biggest oil shock in years
Faced with an existential threat, Iran’s leadership – or what remains of it – may see dragging its Gulf neighbours into the crisis as one…
Read MoreIran retaliates with attacks aimed at UAE, Qatar, Kuwait and Saudi Arabia
“For Iran, the stakes are existential,” Carlos Bellorin, EVP at Welligence Energy Analytics, told Upstream. “The regime may be willing to go further than in…
Read MoreThe jewel at the heart of Aramco’s gas strategy
Despite raising the targeted gas growth from 60% up to 80%, no significant new gas projects have been announced by Aramco to meet this increased…
Read MoreWho won coveted prize for multibillion-dollar Middle East offshore expansion project?
Carlos Bellorin, executive vice president of energy trends and analysis at Welligence Energy Analytics, earlier told Upstream that while the United Arab Emirates’ oil production…
Read MoreEgyptian-regasified natural gas starts heading to Lebanon and Syria
The gas itself isn’t tied to a single source: Volumes supplied through Egypt would likely come from a blend of sources, Ross Cassidy VP of…
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