In the News

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.

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.

Oil prices rise 2% after the U.S. revokes Chevron’s Venezuela license, sparking supply concerns as OPEC+ weighs its next move in a volatile market

Pemex reports a $9.1 billion loss as crude production declines and debt remains a major challenge. The company seeks recovery strategies amid financial strain.

Expand Energy plans to increase natural gas production, investing $2.7 billion as LNG demand grows and U.S. energy markets shift.

Canada is pushing for new oil pipelines to reduce dependence on U.S. refineries amid looming Trump tariffs, but regulatory and financial hurdles remain.

Kyrgyzstan and Tajikistan finalized a border deal, resolving a major dispute and paving the way for enhanced trade, security, and regional cooperation