• January 18, 2026
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SAIPEC Confirms First Series of Speakers for 10th Anniversary Programme

SAIPEC Confirms First Series of Speakers for 10th Anniversary Programme

January 18, 2026

The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has announced the first confirmed speakers for its 10th Anniversary programme, bringing together senior policymakers, regulators and National Oil Company (NOC) executives from across the region. Many of the confirmed speakers have actively participated in SAIPEC since its inception, contributingto its evolution from a regional […]Read More

Chevron Approves Leviathan Gas Expansion in Eastern Mediterranean

Chevron Approves Leviathan Gas Expansion in Eastern Mediterranean

January 17, 2026

January 16, 2026 Chevron has approved a major expansion of the Leviathan natural gas field offshore Israel, doubling down on its role as a cornerstone supplier in the Eastern Mediterranean gas market. The U.S. oil major said on Friday that its subsidiary, Chevron Mediterranean Limited, alongside its partners, has reached a Final Investment Decision (FID) […]Read More

How America Plans to Refill Its Emergency Oil Stockpile Using Venezuelan Crude

How America Plans to Refill Its Emergency Oil Stockpile Using

January 16, 2026

January 16, 2026 The Trump administration is exploring a workaround to America’s Strategic Petroleum Reserve problem: swapping heavy Venezuelan crude for U.S. medium sour barrels that can actually go straight into SPR caverns. According to Reuters, the Department of Energy is considering moving Venezuelan heavy crude into commercial storage at the Louisiana Offshore Oil Port, […]Read More

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

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