September 16, 2025 A sanctioned oil tanker has unloaded its cargo at the Indian port of Mundra despite the port owner’s order not to allow sanctioned tankers to dock there, Reuters has reported, citing ship-tracking data from Kpler and LSEG. The Mundra port is owned by Adani Group and, according to an earlier Reuters report, another tanker […]Read More
September 14, 2025 Previously, we reported that U.S. oil production has maintained its upward trajectory in the current year even as oil prices have sunk to multi-year lows. According to data from the Energy Information Administration (EIA), U.S. crude oil production hit an all-time high of 13.58 million barrels per day (mb/d) in June 2025, exceeding the […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Chief Executive, Gbenga Komolafe, revealed on Wednesday that it has secured over $400 million in pre-sale decommissioning and abandonment liabilities from recent oil asset, in a bold move to prevent Nigeria from costly environmental and financial burdens. He disclosed this while speaking at the Nigerian Extractive Industries Transparency […]Read More
September 05, 2025 Crude oil prices were on course to end the week with a loss, with the decline starting on Wednesday and extending into Friday, reversing a string of gains that lasted two weeks. At the time of writing, Brent crude was trading at $66.88 per barrel, with West Texas Intermediate at $63.34 per barrel, as oil traders […]Read More
September 03, 2025 Crude oil prices stabilized today after inching up on Tuesday following the news of new U.S. sanctions on people involved in exporting Iranian crude disguised as Iraqi crude. At the time of writing, Brent crude was trading at $68.93 per barrel and West Texas Intermediate was trading at $65.42 per barrel, both slightly down from opening. […]Read More
September 02, 2025 Russia’s gas giant Gazprom on Tuesday signed an agreement with China’s state energy firm CNPC to build a second huge natural gas pipeline from Russia to China, Gazprom’s CEO Alexey Miller said. Russia bets on selling increased volumes of energy products to China after losing Europe as a key oil and gas export […]Read More
The GCEO, NNPC Ltd., Engr. Bashir Bayo Ojulari has revealed that the company aims to ramp up oil and gas production and expand the nation’s refining capacity, with a goal of attracting at least $60 billion in fresh investments. Ojulari, who dropped this hint during a courtesy visit of the Executive Secretary/CEO of the Nigeria […]Read More
Chevron Nigeria Limited, on Thursday August 28, 2025, received Community Partnership Award from Gbaramatu Voice International media at the Niger Delta Night of Honour event to mark the organization’s 10th Anniversary at Transcorp Hilton Abuja. The award presented by the Chairman Editorial Board, Gbaramatu Voice International, Prof. Tosan Blessing Harriman was received by Victor Anyaegbudike, Manager Communications, […]Read More
August 28, 2025 India’s refiners are expected to import more Russian crude oil in September compared to this month’s levels as discounts are deepening amid Russia’s constrained refining capacity due to Ukrainian drone strikes, traders told Reuters on Thursday. A few weeks ago, the biggest state-owned refiners, including IndianOil and BPCL, pulled out of spot purchases of Russian crude […]Read More
August 28, 2025 The value of Saudi Arabia’s oil exports plunged by 15.8% in the second quarter of 2025, despite the fact that the world’s top crude oil exporter returned to boosting production under the OPEC+ pact. The fall in the value of oil exports drove a 7.3% decline in total Saudi merchandise exports, the […]Read More
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