A sharp rebound in U.S. oilfield activity is colliding with a sudden geopolitical shock, as the latest Dallas Fed Energy Survey shows energy firms swinging back into expansion just as crude prices plunge roughly 4% on headlines that President Donald Trump has floated a 15-point Iran peace plan, abruptly stripping out part of the war-driven...Continue Reading

Sierra Leone is promoting its offshore oil and gas potential to investors ahead of a new licensing round, highlighting deepwater exploration opportunities and growing interest in West Africa’s emerging upstream sector. SourceContinue Reading

Russia’s Vital Baltic Oil Hubs Crippled by Ukrainian Drone Campaign | 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 25, 2026, 10:30 AM CDT A major fire broke out at the Ust-Luga oil port in Russia’s Leningrad region...Continue Reading

Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field. SourceContinue Reading

Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts flows away from the disrupted Strait of Hormuz using the East-West pipeline. SourceContinue Reading

Nigeria is fast-tracking permits to revive idle oil wells, cutting approval times to hours as operators move to boost production and capitalize on stronger crude prices. SourceContinue Reading

Crude oil inventories in the United States increased by 6.9 million barrels during the week ending March 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 456.2 million barrels according to government data, which is 0.1% above the five-year average for this time...Continue Reading

“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets. SourceContinue Reading

Japan Urges IEA to Prepare for Second Emergency Oil Release | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 25, 2026, 9:30 AM CDT Japan’s Prime Minister Sanae Takaichi on Wednesday asked the head of the International Energy Agency (IEA)...Continue Reading

Will the Iran War Revive Russia’s Power of Siberia 2 Pipeline? | 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 25, 2026, 9:00 AM CDT The...Continue Reading