Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August.
New U.S. sanctions increase pressure to reduce Russian revenues.
Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August.
New U.S. sanctions increase pressure to reduce Russian revenues.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Indigenous communities in the Ecuadorian Amazon, including the Waorani, are contesting the impacts of oil extraction in the Yasuni reserve, raising questions about the country's resource management and economic strategies.
Indigenous communities in the Ecuadorian Amazon, including the Waorani, are contesting the impacts of oil extraction in the Yasuni reserve, raising questions about the country's resource management and economic strategies.
Exports of Russian petroleum products fell sharply in August, to a level not seen since the pandemic, due to weaker demand in Asia and a shift towards the domestic market.
Exports of Russian petroleum products fell sharply in August, to a level not seen since the pandemic, due to weaker demand in Asia and a shift towards the domestic market.
Saipem wins two offshore oil engineering, procurement, construction and installation (EPCI) contracts with Saudi Aramco, worth a total of around 1 billion USD, for the Marjan, Zuluf and Safaniyah fields in Saudi Arabia.
Saipem wins two offshore oil engineering, procurement, construction and installation (EPCI) contracts with Saudi Aramco, worth a total of around 1 billion USD, for the Marjan, Zuluf and Safaniyah fields in Saudi Arabia.
Dangote Oil Refinery begins gasoline production in Nigeria, introducing new logistical and financial challenges for NNPC Ltd, the sole buyer and exclusive distributor.
Dangote Oil Refinery begins gasoline production in Nigeria, introducing new logistical and financial challenges for NNPC Ltd, the sole buyer and exclusive distributor.
Iraqi Kurdistan continues to increase its oil production despite restrictions from Baghdad, which is trying to comply with OPEC+ quotas and attract US gas investment to diversify its energy sources.
Iraqi Kurdistan continues to increase its oil production despite restrictions from Baghdad, which is trying to comply with OPEC+ quotas and attract US gas investment to diversify its energy sources.
