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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...
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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. Source
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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. Source
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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. Source
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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...
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“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. Source
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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)...
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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...
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U.S. Waivers Spur Russian Oil Sales But Interest in Iran’s Crude Remains Low | 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 – Mar 25, 2026, 8:30 AM CDT The U.S. waivers...
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Germany and South Korea Face Rare Earths Supply Shortage | 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 – Mar 25, 2026, 7:30 AM CDT Germany and the EU as a whole,...
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