News

Libya has officially resumed oil production at the Mabruk oilfield, marking the end of a decade-long hiatus, according to the Tripoli-based Government of National Unity (GNU). The resumption, announced on…

Crude oil imports across Asia have seen a notable shift in 2025, with volumes on the rise after a sluggish start to the year. The leading contenders for dominance in…

Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, has officially begun oil production from the fourth phase of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deep-water offshore project. This accomplishment marks a…

Crude oil inventories in the United States saw a significant increase of 4.247 million barrels for the week ending March 7, according to the American Petroleum Institute (API). This surge…

The Trump Administration’s renewed sanctions aimed at halting Iranian oil exports have thrown a wrench into the flow of oil from the Islamic Republic to its primary customer, China. Despite…

Russia is set to resume its pivotal oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI), as confirmed by Russian Energy Minister Sergei Tsivilev. This development follows…

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed the cessation of its crude oil supply to Dangote Refinery and other refineries involved in the federal government’s Naira for Crude…

Kazakhstan is set to reduce its oil shipments through the Caspian Pipeline Consortium (CPC) by as much as 70% this month, according to a senior government official. Deputy Energy Minister…

Talks aimed at resuming Iraqi oil exports to Turkey have once again failed to reach an agreement, marking the second deadlock in a week despite increased pressure from Washington. Discussions…

European leaders are pushing for renewed discussions between the European Union, Ukraine, and Russian authorities regarding the potential resumption of gas transit through Ukraine. Slovakia’s Prime Minister, Robert Fico, has…

Legislation to repeal a rule introduced by the Biden administration, which imposed additional costs on offshore drilling, has passed in Congress. Using the Congressional Review Act, Republican representatives succeeded in…

At the 2024 CERAWeek, energy executives made an unprecedented call to rethink the energy transition, signaling a departure from the industry’s previous enthusiasm for shifting from oil and gas to…

The global shift toward decarbonization may result in $2.3 trillion worth of stranded oil and gas assets by 2040, according to a report from the UK Sustainable Investment and Finance…

Petrobras has officially confirmed the arrival of the FPSO (Floating Production Storage and Offloading) unit Alexandre de Gusmão, which will be stationed at the Mero field, located 190 kilometers off…

Three years after Russia’s invasion of Ukraine, the European Union continues to grapple with the profound economic impact of the conflict, particularly in the form of an ongoing energy crisis.…

Oil imports to Asia have been weaker than anticipated in the first two months of 2025, prompting concerns about the accuracy of oil demand forecasts for the year. Imports fell…

China’s oil imports from Russia’s Far East and Iran are expected to recover in March, as non-sanctioned tankers increasingly replace vessels affected by U.S. embargoes, according to trade sources and…

As President Donald Trump moves forward with plans to dismantle former President Biden’s renewable energy initiatives in favor of fossil fuels, environmentalists and climate advocates are gearing up for a…

Mexico’s state-owned oil company, Pemex, reported a significant 44% decline in crude oil exports in January, reaching just 530,000 barrels per day, marking the lowest export rate in decades. This…

Iraqi Kurdistan and the federal government have reached an agreement to resolve long-standing oil disputes, a development that will allow Russian companies to resume their operations in the region, according…