Has Iranian Crude Become Irrelevant to Global Oil Supply?
The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global […]
Indian Oil Giant Secures U.S. License to Return to Venezuela
India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, […]
IEA Forecasts Sharper Decline in 2026 Oil Demand Amid Hormuz Closure
The International Energy Agency on Wednesday projected a larger decline in global oil demand this year than previously estimated as the continued […]
Dangote’s $16 billion Kenya refinery could break ground sooner than expected
In a recent BBC interview, Dangote stated that negotiations with the Kenyan government had advanced greatly, and that construction might begin as […]
India eyes Venezuela blocks operatorship; regains Russia’s Sakhalin-1 stake
State-run ONGC, through its overseas investment arm ONGC Videsh, holds a 40% stake in the San Cristobal field and, along with other […]
Africa’s largest lithium producer approves US$1.59 billion in new investments as mining and manufacturing take nearly 80%
The Zimbabwe Investment and Development Agency (ZIDA) issued 284 new investment licences during the three months to June, according to figures disclosed […]
Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks
The Yemeni Houthis have struck Saudi Arabia’s southern province of Najran in the latest flare-up of Middle Eastern hostilities, killing 11 civilians, […]
India Hopes To Take Over Operation Of Venezuelan Oil Fields From PDVSA
India’s ONGC is poised to take over operation of two Venezuelan oil projects from state-owned PDVSA, which would give the Indian producer […]
China Eases Fuel Export Curbs as Global Supply Crunch Deepens
DeepensChina has partially lifted fuel export restrictions imposed earlier this year, allowing refiners to export 2.7 million tons of oil derivatives to […]
Africa’s top oil producer unlocks $3 billion and frees more crude for export with $4.5 billion state oil company refinancing
The National Economic Council (NEC) approved the refinancing of the company’s Project Gazelle facility on Monday, allowing NNPC to replace the remaining […]
Dark Tanker Transits Surge at Bab el-Mandeb as Houthi Threat Persists
The Houthi threat to shipments of Saudi crude oil from the Red Sea hasn’t abated and more tankers laden with Saudi oil […]
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to […]