Global Supply

KEY POINTS The United States has eased sanctions on Venezuela’s state-owned oil company, Petróleos de Venezuela, in a move aimed at increasing global oil supply. The decision was announced by …

KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …

KEY POINTS Nigeria’s crude oil prices have remained relatively stable at $73 per barrel, despite a sharp drop in global benchmarks and increasing geopolitical tensions. This stability comes after a …

On Thursday, a company representative confirmed that a setback at Chevron’s famous Wheatstone facility in Australia affected about 25% of its liquefied natural gas (LNG) output. Meanwhile, the employees are …