• January 10, 2026
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U.S. Captures Russia-Linked Tanker After Naval Standoff in the North Atlantic

U.S. Captures Russia-Linked Tanker After Naval Standoff in the North

January 7, 2026

January 07, 2026 U.S. forces have seized a Russia-flagged tanker in the North Atlantic after a dramatic pursuit that began near Venezuelan waters, marking a sharp escalation in Washington’s enforcement of its global blockade on sanctioned Venezuelan oil. U.S. European Command confirmed the capture of the M/V Bella 1, saying the vessel was seized for sanctions violations “pursuant […]Read More

OPEC+ Compensation Cuts Triple as Key Producers Move to Rein

January 7, 2026

January 07, 2026 Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will […]Read More

Oil Tankers Exit Venezuela Under Cover of Darkness Despite U.S. Blockade

Oil Tankers Exit Venezuela Under Cover of Darkness Despite U.S.

January 5, 2026

January 05, 2026 Venezuela has shipped out about a dozen oil tankers carrying crude and petroleum products in recent days, with vessels departing in dark mode, TankerTrackers.com said on Monday.  All these tankers that have stealthily left Venezuela have been sanctioned by the U.S. Treasury, according to TankerTrackers.com data cited by Reuters. The dozen or so departures […]Read More

President Tinubu Nominates Board Members For NMDPRA, NUPRC, Seeks Senate Approval

President Tinubu Nominates Board Members For NMDPRA, NUPRC, Seeks Senate

January 5, 2026

January 5, 2026 President Bola Tinubu has written two letters to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In the first letter, President Tinubu nominated Senator Magnus Abe to serve as the NUPRC board […]Read More

Can We Say U.S is Virtually Interested in Venezuela’s oil, Nothing More?

Can We Say U.S is Virtually Interested in Venezuela’s oil,

January 4, 2026

Yes, the U.S. has significant strategic and economic interests in Venezuela’s vast oil reserves, particularly its heavy sour crude needed by U.S. refineries, but recent events suggest a broader agenda involving geopolitical influence, regime change, and combating drug trafficking (though the latter is debated). While oil is a primary driver, U.S. involvement encompasses rebuilding its […]Read More

OPEC+ Set to Keep Oil Production Policy Despite Saudi-UAE Spat

OPEC+ Set to Keep Oil Production Policy Despite Saudi-UAE Spat

January 3, 2026

January 02, 2026 Despite the public spat between two of OPEC’s top producers, Saudi Arabia and the United Arab Emirates (UAE), the wider OPEC+ group is expected to confirm at a Sunday meeting that it would hold output steady through the first quarter of 2026, delegates from the alliance told Reuters on Friday.  In recent days, OPEC’s […]Read More

Oil Markets Brace for Supply Squeeze After U.S. Captures Nicolás Maduro

Oil Markets Brace for Supply Squeeze After U.S. Captures Nicolás

January 3, 2026

January 03, 2026 US special operations forces seized Venezuelan President Nicolás Maduro and his wife, Cilia Flores, in a nighttime operation to bring him to the United States to face a 2020 narco-terrorism indictment. The removal of Maduro has immediately created a power vacuum in Venezuela, leading to massive market volatility in the energy sector […]Read More

NNPC/Seplat JV Celebrates 30th TTC Anniversary, New Graduates

January 1, 2026

Eket, Nigeria – December, 2025 The NNPC/Seplat Joint Venture has celebrated a historic triple milestone, marking 30 years of the Technical Training Centre (TTC), the graduation of Apprentice Group 13, and an exceptional 2 million man-hours without a single recordable incident in its offshore operations. The commemorative event, themed “From Roots to Results – Three […]Read More

NNPC Announces Restoration Of Escravos-Lagos Pipeline

NNPC Announces Restoration Of Escravos-Lagos Pipeline

December 31, 2025

December 31, 2025 NNPC Limited has announce the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State. ”Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned. […]Read More

US Crude, Product Inventories Rise Again

US Crude, Product Inventories Rise Again

December 31, 2025

December 30, 2025 The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.7 million barrels in the week ending December 26. Crude oil inventories rose by 2.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net […]Read More

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