In the News

Judge rules that Biden’s administration lacked authority to cancel Alaska oil leases, potentially reversing the drilling ban in the Arctic Refuge.

Pemex pursues a diversification strategy for motor fuel and crude oil exports, following U.S. tariff threats against Venezuela oil trade

President Trump announces a 25 percent tariff on countries buying Venezuelan oil and gas, with China being the largest buyer.

Iraq plans to raise oil production to 6 million bpd by 2029, backed by a BP deal and OPEC+ commitment to global output reductions

Federal regulators approve SPP grid expansion, making it the first U.S. operator to manage power across both major electric interconnections

Oil prices rise with U.S. fuel demand as the market watches the Ukraine ceasefire discussions and the Fed’s interest rate decision.

Kazakhstan’s oil minister was ousted after the country exceeded OPEC+ quotas, facing backlash for overproduction and defiance of production limits

Oil prices rise as U.S. military strikes against Houthis and positive China economic data boost global oil demand outlook.

A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact

Oil prices drop amid trade tensions and ceasefire uncertainty, with OPEC reporting rising crude output and markets facing concerns over global demand growth