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WTI crude oil is trading at $69.15 amid tighter supply concerns due to U.S. tariffs on Venezuelan oil and a larger-than-expected decline in U.S. inventories. President Trump’s tariff announcement is …
WTI Crude Oil Prices Rise Amid Supply Concerns Linked to Venezuela Read More
Oil prices rose due to a decline in U.S. fuel inventories and increased Middle East tensions. Brent crude increased by 0.57% while WTI rose by 0.51%. Key factors included unexpected …
Oil Prices Rise Amid U.S. Fuel Inventory Decline and Middle East Tensions Read More
PDVSA will independently produce crude following the U.S. revocation of Chevron’s license. Post-April 3, it plans to produce between 105,000 to 138,000 bpd of Hamaca heavy crude and continue exporting …
PDVSA to Independently Manage Crude Production After Chevron Exit in Venezuela Read More
An explosion occurred on the Trans-Niger Pipeline in Rivers State, Nigeria, disrupting oil flow and prompting an investigation. The pipeline, vital for transporting oil, is operated by Shell and NNPC, …
Trans-Niger Pipeline Explosion Disrupts Oil Flow in Nigeria, Investigation Underway Read More
An explosion in the Trans-Niger Pipeline in Nigeria has disrupted oil flow and prompted an investigation. Local reports indicated thick smoke and intense flames. The pipeline is crucial for transporting …
Trans-Niger Pipeline Explosion Disrupts Oil Flow; Investigation Underway Read More
The Trans Niger Pipeline resumed operations after a Monday fire incident linked to unauthorized access. Renaissance Africa Energy Holdings confirmed no explosions occurred, and integrity tests passed. The pipeline, transporting …
Resumption of Operations at Trans Niger Pipeline Following Fire Incident Read More
Argentina is currently experiencing an oil boom, primarily driven by expansion in the Neuquén Basin, which has raised concerns over economic equity, environmental safety, and social impacts. The geopolitical climate …
Argentina’s Oil Boom: Opportunities, Challenges, and Community Impact Read More
Petrobras has discovered hydrocarbons at the pre-salt Aram block in the Santos Basin, confirming the find through various methods. The Aram block, a key asset acquired in 2020, potentially holds …
Petrobras Discovers Hydrocarbons at Aram Block Offshore Brazil Read More
Ecuador’s Petroecuador declared force majeure on March 18, 2025, after a devastating oil spill triggered by a landslide. The spill, which began on March 13, severely contaminated the Esmeraldas River, …
Ecuador Faces Oil Spill Crisis: Petroecuador Declares Force Majeure Read More
Ecuador’s Petroecuador declared force majeure on the SOTE pipeline after a landslide caused an oil spill, impacting export commitments, particularly to Shell Plc. The spill contaminated the Esmeraldas River, prompting …
Ecuador’s Petroecuador Declares Force Majeure Due to Oil Spill Crisis Read More