Geopolitical Risks Linger for Maritime Sector in Red Sea | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Feb 13, 2025, 2:00 PM CST The fragile truce between Israel and Hamas appeared to be on the verge of disintegration, raising alarms...Continue Reading

Shipping Rates of Russian Crude To India Surge 20% Amid Sanctions | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Feb 13, 2025, 1:00 PM CST Freight rates to ship Russian urals from Baltic ports to India jumped 20%...Continue Reading

Contango Signals Caution for Copper Bulls | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Feb 13, 2025, 1:00 PM CST Copper prices have risen, driven by...Continue Reading

Turkey’s Top Refiner to Buy Only Price Cap-Compliant Russian Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 13, 2025, 12:30 PM CST Turkey’s largest refiner, Turkiye Petrol Rafinerileri, will halt from February 27 purchases of any oil and products from Russia that do...Continue Reading

EDF and TAQA Geothermal have signed a strategic Memorandum of Understanding (MoU) to collaborate on geothermal energy technologies including power generation and HVAC applications as well as Compressed Air Energy Storage in Saudi Arabia. SourceContinue Reading

Petrobras has requested authorization from Brazil’s environment protection agency to prepare a drilling rig for work at a disputed offshore exploration project, a sign that the state-controlled producer is optimistic about overcoming licensing hurdles.  SourceContinue Reading

Germany is set to extend its trusteeship over Russian oil company Rosneft‘s local subsidiaries for another six months, marking the fifth time it has done so. Back in 2022, Germany seized the local units of Rosneft and Gazprom, including three oil refineries. Together, the three refineries run by Rosneft Germany provide some 12% of the...Continue Reading

Sunnen Products Company has launched the HTE 1600W Tube Hone, an all-electric precision honing machine specifically designed for the oil and natural gas industry’s demanding small diameter, long bore applications. SourceContinue Reading

ADNOC Drilling announced record financial results for both Q4 and full-year 2024, with Q4 revenue growing 41% year-over-year, and full-year revenue increasing 32% y-o-y. ADNOC attributes the success to its expansion of onshore and offshore fleets, and its oilfield services (OFS) segment. SourceContinue Reading

India’s Adani Pulls Out of $1-Billion Sri Lanka Wind Power Deal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 13, 2025, 11:30 AM CST Adani Green Energy, the renewables...Continue Reading