Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating. SourceContinue Reading

INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026. SourceContinue Reading

Ukraine Open to Wartime Elections if Security Can Be Guaranteed | 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 – Dec 10, 2025, 11:00 AM CST Zelenskyy said...Continue Reading

New Rules Make German Electricity Grid Investment More Appealing | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Dec 10, 2025, 10:30 AM CST Germany’s networks regulator, Bundesnetzagentur, expects 1.4% higher revenues for electricity distribution network operators from 2029 onwards as...Continue Reading

Crude oil inventories in the United States decreased by 1.8 million barrels during the week ending December 5, after adding a modest 600,000 barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 425.7 million barrels according to government data,...Continue Reading

Senegal Moves to Seize Kosmos Offshore Gas Project | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Dec 10, 2025, 9:30 AM CST Senegal looks to nationalize an offshore natural gas project, currently operated by U.S.-based Kosmos Energy, to meet its...Continue Reading

Trafigura Warns of “Super Glut” as Oil Supply Surges | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Dec 10, 2025, 9:00 AM CST Trafigura’s chief economist says accelerating supply growth and softening demand will create a global crude “super glut” in 2026....Continue Reading

NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned. SourceContinue Reading

New Permitting Freeze Threatens Hundreds of U.S. Solar and Wind Projects | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 10, 2025, 8:00 AM CST Solar and wind project approvals...Continue Reading

Nigerian Oil Companies Look to Monetize Gas and Reduce Flaring | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 10, 2025, 7:00 AM CST Nigeria’s state oil firm NNPC and...Continue Reading