Sunday, August 17, 2025

Total to Invest $3.5 Billion over Five Years in Qatari Field

From Reuters France’s Total will invest $3.5 billion over five years in Qatar’s offshore Al Shaheen oilfield and expects to keep production running at 300,000 barrels per day in future, French and Qatari executives said on Tuesday. Total’s investment commitment was announced while Qatar is embroiled in a political crisis. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt have

U.S. Oil Lures Fastest Growing Guzzler as Arbitrage Opens Up

From Bloomberg A type of U.S. crude pumped in the Gulf of Mexico is proving to be more attractive in the fastest-growing oil market compared with Middle East staples that are on offer. Indian Oil Corp., the nation’s largest refiner, has bought Mars Blend crude for arrival in October to the South Asian nation, according to Arun Kumar Sharma, the