Venezuela Oil Production Climbs to 1.1 Million Bpd.
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to […]
Africa’s third-largest oil producer to sell $2.5 billion of Eurobonds as oil surges.
Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel […]
Saudi Oil Exports to China and India Set to Fall Amid War Disruptions.
Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the […]
Oil Prices Tumble Back Below $100 on Ceasefire Optimism.
Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as traders reacted to […]
Europe Faces Looming Fuel Shortages as Shell Warns of April Crunch.
Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already […]
Algeria clears $30million hurdle for Australian miner Terramin to advance $471million zinc project.
The breakthrough followed a government-led process to acquire land and relocate nearby communities at an estimated cost of about $30m, clearing a […]
QatarEnergy declares force majeure on some LNG contracts due to Iran war.
QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, […]
Goldman Boosts Oil Price Forecast by $8 for Brent and $7 for WTI.
Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman […]
Oil Plummets 8% as Trump Postpones Hormuz Deadline Threat.
Brent crude is down more than 8% in the minutes following a statement by U.S. President Donald Trump that “THE UNITED STATES OF […]
Saudi Arabia Slashes Oil Supply to Asia as War Chokes Export Route.
Saudi Arabia is slashing its crude oil exports to Asia in April, for a second month in a row, as the de […]
Why US LNG firms stand to profit from Iran war fallout.
Countries may tap into America’s booming liquefied natural gas exports as Middle Eastern suppliers shutter. But renewables are a safer bet in the […]
Who Hurts Most as Iran War Hits Global Economy?
Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies that sooner or later will hit every corner […]