Trading Giants Seek Big Asia Buyers for Venezuelan Oil
Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the…
Vitol and Trafigura Secure U.S. Licenses to Trade Venezuelan Oil
Vitol and Trafigura are offering Venezuelan crude to refiners in China and India for March delivery, trade sources told Reuters on Monday, days after two of the world’s biggest independent…
Indonesia Inaugurates $7.4-Billion Upgraded Refinery, Its Largest
Indonesia inaugurated on Monday the upgraded Balikpapan refinery, which cost $7.4 billion to redevelop and is another step toward self-sufficiency in fuel supply. Indonesian President Prabowo Subianto and Energy Minister…
Azerbaijan Ramps Up Natural Gas Production
Azerbaijan, a key natural gas supplier to Europe, raised its production by 2.4% in 2025 from the previous year, the Azeri Ministry of Energy said on Monday. Azerbaijan produced 51.5…
Benin Offshore Oil Production Resumes After Three Decades
Oil production offshore Benin, Nigeria’s neighbor to the west, is set to begin by the end of January, the field operator said on Monday in what would be the first…
China Welcomes EU Guidance on Minimum EV Prices After Tariff Dispute
The European Union issued on Monday a guidance document on a minimum pricing mechanism for Chinese electric vehicles in a move that China welcomed as a “soft landing” on the…
Japan stands at ‘inflection point’ for hydrogen: report
Japan finds itself at an inflection point for hydrogen, according to a World Economic Forum paper. Given its structural reliance on imported fuels and exposure to energy security and decarbonisation…
Financial close for Delfin FLNG vessel ‘within next month’
A final investment decision (FID) for the first floating liquefied natural gas vessel at the Delfin LNG project is expected in the next month, according to Delfin Midstream. It follows…
Egypt Announces Oil and Gas Discoveries in Western Desert
Egypt has announced discoveries at four exploration wells in the Western Desert as the North African country looks to boost oil and gas production and cut dependence on imports. The…
Trump Weighs ‘Very Strong Options’ in Iran as Protests Escalate
The United States is considering “very strong options” in Iran in response to the Iranian regime’s crackdown on the biggest protests in the Islamic Republic in more than a decade,…
