Fire erupts in Fujairah oil industry following drone attack
A fire broke out in the Fujairah oil industry area due to a drone attack, with no injuries reported. This incident raises concerns about the security of vital facilities in the region.
oil industry
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Boost Local Economy with Indonesia's Oil and Gas Industry
Recent reports indicate that Indonesia's oil and gas industry plays a vital role in enhancing local economic growth by increasing revenues and creating job opportunities. This was highlighted by Dr. Rento Budiantoro from Pertamina University.
Hadera Refinery undergoes significant updates in oil production
Sources indicate that the Hadera Refinery, one of Israel's largest oil refineries, has undergone important operational changes reflecting new trends in the Israeli energy sector. These developments come at a time of significant transformations in the oil markets in the region.
How Wine Barrels Became a Global Oil Standard
Wine barrels transformed into a global standard for measuring oil after American oil producers agreed on their size in the 19th century. This shift helped organize the oil trade and facilitated the transport of millions of barrels worldwide.
Cnooc Reports Decline in Profits Due to Falling Oil Prices
Cnooc, a major player in the oil sector, has reported a significant decline in its profits for 2025 due to falling global oil prices. Despite an increase in production, the drop in prices has adversely affected the company's revenues.