Adedotun Oyeniyi

Nigeria’s crude oil production surged to 1.737 million bpd in January, its highest in three years, as the country aims for 2.3 million bpd by 2025.

PG&E increased its 2025 earnings forecast, citing higher electricity rates and cost reductions. The company also reported adding 14,000 new customers.

Chevron plans to lay off up to 20 percent of its workforce by 2026, offering buyouts and restructuring leadership to cut costs and improve efficiency.

U.S. power demand is projected to break records in 2025 and 2026, with rising electricity use from AI, cryptocurrency, and renewable energy expansion.

BP shares surged 7 percent after reports of Elliott Management’s stake, fueling speculation about leadership changes and a revised corporate strategy.

Ukraine raises gas imports from Hungary, Slovakia, and Poland to offset Russian missile attacks that have disrupted energy infrastructure.

U.S. oil output in the Permian Basin is expected to slow in 2025, as industry leaders focus on profitability rather than aggressive expansion.

Iran urges OPEC to unite against potential U.S. oil sanctions, warning that new restrictions could destabilize global energy markets and disrupt supply chains.

Nigeria’s oil regulator is enforcing refinery quotas, warning producers they must meet local crude supply obligations before exporting.

NGP Energy is exploring a $2 billion sale of Camino Natural Resources, a key gas producer in the Anadarko Basin, as energy consolidation continues.