March 2025

Enbridge pipeline expansion moves ahead despite new U.S. crude oil tariffs. The company is investing $2 billion in Mainline while targeting long-term energy growth

The U.S. revoked Chevron’s license to export Venezuela oil, citing a lack of progress on electoral reforms. The move could destabilize oil markets.

Oil prices hit a six-month low after OPEC+ confirmed a production increase, while U.S. tariffs and geopolitical tensions added market uncertainty.

Kazakhstan’s crude oil production reached 2.12 million bpd, exceeding its OPEC+ quota, with increased output from the Tengiz oilfield.

Europe’s wind energy expansion is reshaping its power sector, surpassing coal for the first time as governments and industries invest in advanced wind technology

Finland will release the Eagle S tanker, suspected of Baltic cable damage, as authorities continue their investigation into the disruption.

Turkey is pushing for full-capacity operations on the Iraq-Turkey pipeline, despite ongoing legal and political challenges slowing down oil exports.