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China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
Senegal loads its first crude oil cargo at Sangomar, marking a crucial stage in its energy and economic development, with production of 100,000 barrels a day.
Senegal loads its first crude oil cargo at Sangomar, marking a crucial stage in its energy and economic development, with production of 100,000 barrels a day.
Oil prices are rising, boosted by tensions in the Middle East and robust Chinese demand, while the euro is strengthening after the first round of French parliamentary elections.
Oil prices are rising, boosted by tensions in the Middle East and robust Chinese demand, while the euro is strengthening after the first round of French parliamentary elections.
Eni sells its Nikaitchuq and Oooguruk assets in Alaska to Hilcorp, marking a strategic step in the rationalization of its portfolio.
Eni sells its Nikaitchuq and Oooguruk assets in Alaska to Hilcorp, marking a strategic step in the rationalization of its portfolio.
Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
U.S. crude oil inventories rose by 3.6 million barrels, surprising analysts who were forecasting a decline, due to weakening demand and reduced exports.
U.S. crude oil inventories rose by 3.6 million barrels, surprising analysts who were forecasting a decline, due to weakening demand and reduced exports.
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Faced with growing resistance from international oil companies, the Dangote refinery in Nigeria is experiencing crude oil supply difficulties, jeopardizing its production capacity.
Faced with growing resistance from international oil companies, the Dangote refinery in Nigeria is experiencing crude oil supply difficulties, jeopardizing its production capacity.
In May, China and India became the main buyers of Russian fuel oil and vacuum gas oil (VGO), representing a significant increase in Russia's seaborne exports. These exports, which totalled around 4 million tonnes, are the result of the end of seasonal maintenance work.
In May, China and India became the main buyers of Russian fuel oil and vacuum gas oil (VGO), representing a significant increase in Russia's seaborne exports. These exports, which totalled around 4 million tonnes, are the result of the end of seasonal maintenance work.
The Colombian government plans to raise diesel prices from July onwards for the main extractive industries, in order to economically stabilize a strategic fund.
The Colombian government plans to raise diesel prices from July onwards for the main extractive industries, in order to economically stabilize a strategic fund.
In the midst of geopolitical tension, oil markets remain cautious, affected by conflicts in the Middle East and Russian-Ukrainian relations.
In the midst of geopolitical tension, oil markets remain cautious, affected by conflicts in the Middle East and Russian-Ukrainian relations.
Société nigérienne du pétrole (SONIDEP) begins oil exploration and production, marking a historic turning point for Niger's energy independence.
Société nigérienne du pétrole (SONIDEP) begins oil exploration and production, marking a historic turning point for Niger's energy independence.
The UK Supreme Court has overturned approval for an oil drilling project at Horse Hill, citing inadequate environmental assessment.
The UK Supreme Court has overturned approval for an oil drilling project at Horse Hill, citing inadequate environmental assessment.
An oil exploration permit granted to a Chinese company threatens the ecosystem of Congo's Conkouati-Douli National Park, sparking strong opposition from NGOs.
An oil exploration permit granted to a Chinese company threatens the ecosystem of Congo's Conkouati-Douli National Park, sparking strong opposition from NGOs.
otalEnergies sells its subsidiary in Brunei to Hibiscus Petroleum, monetizing mature assets with a view to optimizing portfolio management.
otalEnergies sells its subsidiary in Brunei to Hibiscus Petroleum, monetizing mature assets with a view to optimizing portfolio management.
China, the world's largest importer of crude oil, has had a mixed start to the year. In May, it increased its inventories by over one million barrels per day (bpd), with imports far outstripping the low volumes processed by refineries.
China, the world's largest importer of crude oil, has had a mixed start to the year. In May, it increased its inventories by over one million barrels per day (bpd), with imports far outstripping the low volumes processed by refineries.
Petrobras announces a new management team with seasoned experts in state-owned enterprises, aimed at accelerating investment and stimulating the Brazilian economy.
Petrobras announces a new management team with seasoned experts in state-owned enterprises, aimed at accelerating investment and stimulating the Brazilian economy.
Niger has halted its oil exports to China via Benin, intensifying diplomatic tensions with its West African neighbor.
Niger has halted its oil exports to China via Benin, intensifying diplomatic tensions with its West African neighbor.
Venezuelan Oil Minister Pedro Tellechea calls on a US federal court to halt the Citgo auction, underlining the strategic importance of this asset for Venezuela.
Venezuelan Oil Minister Pedro Tellechea calls on a US federal court to halt the Citgo auction, underlining the strategic importance of this asset for Venezuela.
Brazilian President Lula defends offshore oil exploration near the mouth of the Amazon, despite opposition from environmentalists and his own Environment Minister.
Brazilian President Lula defends offshore oil exploration near the mouth of the Amazon, despite opposition from environmentalists and his own Environment Minister.

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