December 26, 2025 Russia’s crude oil production this year will remain unchanged from the previous year at some 516 million tons, Deputy Prime Minister Alexander Novak said today, adding that in 2026, oil production should rise to 525 million tons, Interfax cited the official as saying. The 2025 total is equal to around 10.36 million barrels daily, […]Read More
December 18, 2025 Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal is “purely commercial,” according to Egypt’s State Information Service, adding that the deal was struck by private energy companies with zero government […]Read More
December 15, 2025 The European Union on Monday slapped sanctions on nine entities and individuals for supporting Russia’s shadow fleet moving oil, as the bloc seeks to further restrict Moscow’s ability to generate revenues from energy exports.   The Council of the EU sanctioned five individuals and four entities responsible for supporting Russia’s shadow fleet and its value […]Read More
December 04, 2025 The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing commodity supply are grappling with a series of route disruptions and sanctions.  Despite the typically weaker commodity demand period toward the end of each year, the […]Read More
November 30, 2025 OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026, reaffirming their production control framework amid mounting concerns over a looming supply glut and weakening prices. The decision came at the 40th OPEC and non-OPEC Ministerial Meeting, where members endorsed a new mechanism to assess national […]Read More
November 17, 2025 India has shipped its first-ever cargo of jet fuel bound for the U.S. West Coast for Chevron amid favorable arbitrage economics and increased import demand following a fire at the supermajor’s refinery in the Los Angeles area in October. The Hafnia Kallang oil product tanker departed at the end of October from […]Read More
November 12, 2025 Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.   Chevron will raise output, but its primary focus will be on boosting free cash flow and […]Read More
Federal Government (FG) has announced the commencement of the 2025 Licensing Round effective December 1, 2025. The Commission Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, made the announcement at the NUPRC’s Project 1 Million barrels per day (MMBOPD) Additional Production Investment Forum in London today (Tuesday). Komolafe added that […]Read More
November 10, 2025 Major Energy Marketers Association of Nigeria (MEMAN) has warned that the proposed 15 per cent import tariff on petrol and diesel could raise pump prices above N1,000 per litre. Executive Secretary, MEMAN, Mr Clement Isong, said the tariff, if implemented, would have far-reaching effects on consumers, transporters and small businesses already battling […]Read More
November 10, 2025 Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore […]Read More
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