In the News

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

Suncor Energy CEO says the company can handle potential U.S. tariffs, citing strong production and a diversified export strategy.

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

Armenian PM Nikol Pashinyan hints at flexibility in Zangezur corridor negotiations, aiming to revive peace talks with Azerbaijan while balancing economic interests

Africa Energy Bank is set to launch mid-2025 with $5 billion in funding to support oil and gas projects across the continent.

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

China’s economic influence in Central Asia continues to rise, with trade hitting $94.8 billion. The U.S. faces difficulties in curbing Beijing’s expanding presence

Iraq’s parliament approves an oil subsidy plan, increasing payments to $16 per barrel to restart Kurdish exports and resolve the Baghdad-Erbil dispute.

The renewable energy transition faces high costs, energy storage issues, and political resistance, making the shift from oil and gas a complex global challenge

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