Shell Renews Efforts to Sell Stake in Rosneft-Held German Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 16, 2025, 10:30 AM CST Shell has restarted a process to sell its minority 37.5% stake in the Schwedt refinery in Germany, whose majority shareholder is...Continue Reading
Brent crude slipped below $60/bbl for the first time since May, as rising global supply continues to outpace demand. A growing surplus outlook for 2026, combined with easing geopolitical risk premiums, is adding fresh pressure to oil markets. SourceContinue Reading
TotalEnergies has sold a 9.998% stake in Malaysia’s SK408 offshore gas block to PTTEP, reinforcing a long-standing partnership while retaining operatorship. The move supports portfolio optimization as the company deepens its role as a leading gas producer in Malaysia. SourceContinue Reading
Brent Breaks Below $60 on Oversupply Fears | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Dec 16, 2025, 9:40 AM CST In this week’s newsletter, we...Continue Reading
Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade. SourceContinue Reading
U.S. and Ukraine Report Progress Toward Peace | 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 16, 2025, 9:00 AM CST U.S. officials described proposed security...Continue Reading
Oil prices fell by 2% early on Tuesday as hope of a peace deal in Ukraine increased, sending Brent crude below $60 per barrel to the lowest level since May. As of 9:27 a.m. ET on Tuesday, the front-month Brent Crude futures prices traded down by 2.16% below the $60 per barrel threshold, at $59.31. ...Continue Reading
Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub. SourceContinue Reading
Pakistan and Russia Discuss Oil Cooperation Deal | 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 16, 2025, 8:00 AM CST Pakistan and Russia are discussing a potential cooperation agreement...Continue Reading
Global Solar Power Expansion to Dip for the First Time Ever in 2026 | 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 16, 2025, 7:00 AM CST Amid major policy...Continue Reading
