US demands Venezuela return assets or face naval wrath
The Venezuelan government has denounced US President Donald Trump’s oil blockade, stating that his rhetoric is “interventionist and colonialist” and […]
OIL
Oil prices rise on expected US rate cut and supply risks
Oil prices have reached a two-week high as investors anticipate a potential interest rate cut by the US Federal Reserve,
OPEC output strategy unchanged amid oil market shifts
OPEC+ Ministers Unlikely to Alter Oil Output Strategy at Upcoming Meeting Ministers from the Organization of the Petroleum Exporting Countries
Lukoil sells assets to Gunvor amid US sanctions
Lukoil, a major Russian oil company, is selling its international assets to Swiss-based trader Gunvor due to recent US sanctions.
EU economic outlook worsens due to high energy prices
The European Union is facing significant economic challenges, with high energy prices, military buildups, and US tariffs contributing to a
Lukoil sells foreign assets amid US sanctions
Russian oil major Lukoil has announced plans to divest its foreign assets following the imposition of Western sanctions on the
Oil prices surge over 5% after US sanctions Russian oil majors
Oil prices have surged following the US announcement of sanctions on Russian oil majors Rosneft and Lukoil. Global benchmark Brent
Nigeria Seeks OPEC Oil Quota Increase to 2 Million Barrels
Nigeria to Push for Increased Oil Quota at OPEC Meeting The Federal Government of Nigeria has announced plans to advocate
Nigeria Oil Production Boosted by Reduced Signature Bonus
The Nigerian government has reduced the signature bonus for oil production from $100 million to $10 million, a move aimed
NATO Trump urges members to scrap Russian energy purchases
Turkish Energy Minister Alparslan Bayraktar has announced that his country will continue to purchase natural gas from Russia, despite US
Taiwan imports $5bn Russian naphtha despite Ukraine support
Taiwan has become the largest global importer of Russian naphtha, despite supporting Ukraine, according to a report by the Centre
Russia crude exports remain near peak levels despite US pressure
Russia’s seaborne crude exports have remained near a 16-month high, with average daily shipments holding steady at 3.62 million barrels