ADNOC CEO: Logistics and shipping costs reach 30% of barrel cost
ADNOC’s CEO said logistics and shipping costs rose to 30% of the cost per barrel, from 5% before the Iran war.
Related stories
PTTEP and Partners Sign Farm-Out Deals for Two Malaysian Gas Fields
PTTEP and its partners signed farm-out deals for the Lang Lebah and B14 gas fields in Malaysia.
L impact | ENERGY | Nov 02, 2026, 07:29 AM UTC
Oil Prices Fall More Than 3% as Iran Peace Talks Ease Supply Fears
Oil prices fell on Monday as renewed U.S.-Iran diplomatic efforts eased concerns about Middle East supplies. Brent January futures fell 3.4% to $109.61 a barrel; the body cuts off
M impact | ENERGY | Nov 02, 2026, 07:29 AM UTC
30% Interest Acquired in Abbey and Baker Gas Developments
An acquisition of a 30% interest in the Abbey and Baker gas developments in the UK Southern North Sea was reported.
M impact | ENERGY | Nov 02, 2026, 07:23 AM UTC
Metlen Energy and Shell Sign Long-Term LNG Supply Deal
M impact | ENERGY | Nov 02, 2026, 07:15 AM UTC
ADNOC CEO Says World's Energy Supply Buffers Have Eroded
M impact | ENERGY | Nov 02, 2026, 07:08 AM UTC
USO and UCO Slide as Brent Retreats on De-escalation Hopes
Hopes for a diplomatic breakthrough between the US and Iran weigh on crude prices. Goldman Sachs has reportedly raised its December oil forecast, but the supplied text does not giv
M impact | ENERGY | Nov 02, 2026, 07:07 AM UTC