The price of Russia’s oil blend in rubles so far in March is clocking in 24% below the level targeted in the federal budget for 2025 due to a stronger ruble and weaker global oil prices. The rouble has strengthened in the current year amid hopes of a settlement to the conflict in Ukraine. The...Continue Reading
Military Spending Fuels Tension Between Azerbaijan and Armenia | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Mar 19, 2025, 1:00 PM CDT Although Armenia and Azerbaijan finalized a...Continue Reading
An analysis previously done by the U.S. Department of Energy that concluded only minor impact from increased LNG exports has now come to light, likely increasing criticism that Biden’s export pause was politically motivated. SourceContinue Reading
Centrica CEO Pay Reduced by Half | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Mar 19, 2025, 12:00 PM CDT Centrica CEO Chris O’Shea saw his...Continue Reading
CEOs representing Canada’s energy industry sent a letter to Canadian federal political leaders outlining an urgent action plan to strengthen the nation’s economic sovereignty through rapid regulatory restructuring and investment in oil and natural gas infrastructure. SourceContinue Reading
Ecuador’s NOC Declares Force Majeure After Pipeline Leak | 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 19, 2025, 11:30 AM CDT Ecuador’s state-run oil company, Petroecuador, has declared force majeure at the operations of its SOTE pipeline...Continue Reading
Vitol will acquire stakes in projects in Ivory Coast and the Republic of Congo for at least $1.65 billion, according to a statement on Wednesday. The deal deepens the company’s longstanding relationship with Eni in West Africa. SourceContinue Reading
Executives from more than a dozen oil companies will meet with U.S. President Donald Trump today, marking the first of its kind since Trump’s second inauguration and his creation of a new National Energy Dominance Council to shape policy. SourceContinue Reading
Chevron Out, Black Market In? The Fallout of U.S. Sanctions on Venezuela | OilPrice.com Elias Ferrer Elias Ferrer is the director of a research advisory in Caracas, Venezuela focusing on the country’s oil and gas sector, Orinoco Research. More Info Premium Content By Elias Ferrer – Mar 19, 2025, 11:00 AM CDT Revoking Chevron’s license...Continue Reading
The U.S. Energy Information Administration’s (EIA) recent forecast states that two new oil developments in Alaska — the Nuna and Pikka projects — are expected to boost crude oil production in the state after decades of decline. SourceContinue Reading
