October 31, 2025 While it would be an understatement to say that Donald Trump has not been good for the South African economy, he has been a gift to the international gold market. Better yet for the gold market, Trump shows every sign of being a gift that will keep giving with his penchant for […]Read More
October 31, 2025 Weak factory activity in China, a stronger U.S. dollar, and reports that OPEC+ is going to add more barrels to production in December have combined to push oil prices lower, setting them on a course to their third monthly decline in a row. At the time of writing, Brent crude was trading at $64.61 […]Read More
October 30, 2025 NNPC, the state-owned Nigerian oil company, is looking to revive the three state refineries in Africa’s top crude producer and plans to select technical equity partners to help resume operations at the facilities that have been idled for years.  In an update on Nigeria’s refineries, NNPC said that it “continues to make measured […]Read More
October 28, 2025 OPEC+ will meet this weekend to decide December output levels, with sources suggesting a modest 137,000 bpd increase. New U.S. sanctions on Rosneft and Lukoil have injected fresh uncertainty into global oil markets and could disrupt Russian supply. Analysts expect OPEC+ to proceed cautiously, continuing small production hikes while monitoring for potential […]Read More
October 29, 2025 India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude and fuels, a source familiar with the plans told Reuters on Wednesday. Indian Oil, which together with its unit Chennai Petroleum holds about 31% […]Read More
October 27, 2025 China has increased its underground gas storage capacity by the most of any country since 2022, the International Gas Union (IGU) said in a new report on Monday. As of 2025, there are 699 underground natural gas storage facilities in operation worldwide, with a total working gas volume of 424 billion cubic metres (bcm), […]Read More
October 24, 2025 Russia’s Ryazan oil refinery—its fourth-largest and a key Rosneft asset southeast of Moscow—was forced to halt a major crude distillation unit after a Ukrainian drone attack set part of the facility ablaze this week, industry sources told Reuters. The targeted unit, CDU-4, handles roughly 4 million metric tons of crude per year, […]Read More
October 22, 2025 Brazil’s state-run oil company Petrobras could begin producing oil and gas in the Foz do Amazonas basin within seven to eight years if major reserves are confirmed, Chief Executive Magda Chambriard told Reuters on Tuesday. The basin, located off the coast of the Amazonian state of Amapá, is considered the company’s most promising new […]Read More
October 22, 2025 China’s total oil product demand jumped by 416,000 barrels per day (bpd) in August from July, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.  The data compiled from reports submitted by the individual countries also showed that the increase in China’s crude oil imports was higher than the rise […]Read More
October22, 2025 Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal of the production cuts. Saudi Arabia’s crude oil production also soared in August, by 521,000 bpd from July, the […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.