Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment.  SourceContinue Reading

European Leaders Pressure EU To Resume Ukraine Gas Deal | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Mar 06, 2025, 12:30 PM CST European leaders are set to urge EU authorities and Ukraine to intensify talks over a...Continue Reading

Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean. SourceContinue Reading

Talks on resuming Iraqi oil flows to Turkey once again have ended in deadlock for the second time in a week despite Washington applying pressure to Iraq to resume the exports, Reuters has reported. Export flows to Türkiye’s Ceyhan port stopped two and half years ago after Ankara halted Iraq’s 450,000 barrels per day (bpd)...Continue Reading

New EU Carbon Market Set to Hit Households and Small Businesses | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 06, 2025, 11:30 AM CST The European Union’s new emissions trading system, expected to take effect in 2027, is set to hike prices for home...Continue Reading

Why Russian Gas Flows To Europe Are Unlikely To Resume Any Time Soon | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Mar 06, 2025, 11:00 AM CST A proposal to restart Nord Stream 2 by involving U.S. businesses...Continue Reading

Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 06, 2025, 10:30 AM CST Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration...Continue Reading

Abu Dhabi’s national oil company ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, in a rare move for a Middle Eastern producer, traders told Reuters on Thursday. Dubai crude is a key benchmark for setting the price of oil in the Middle East and the pricing...Continue Reading

Indonesia Bets Big on Oil With $12.5 Billion Refinery Gamble | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 06, 2025, 9:30 AM CST Indonesia is going all-in on oil with...Continue Reading

Macron Considers Extending Nuclear Umbrella to European Allies | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Mar 06, 2025, 9:00 AM CST French President Emmanuel Macron...Continue Reading