Spain’s Repsol Reveals Massive $5.4 Billion Debt From Venezuela
Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday. Venezuela owes Repsol 4.55 billion euros, or $5.36…
Nigeria to Channel All Oil Proceeds to Boost Federal Finances
Nigeria is now channeling all proceeds from oil and gas production to a single federal account as it aims to strengthen the central government budget and ensure a more effective…
India Considers Boosting Imports of U.S. Oil and Coal
India should increase the amount of crude oil and coking coal it imports from the United States as a way to diversify its supply under the interim trade deal between…
California Leads 13 States in Lawsuit Over Canceled Clean Energy Funds
A dozen states, led by California, are suing the federal government for the cancellation of billions in funding for alternative energy projects approved by Congress. The suit was filed with…
U.S. to Redirect Venezuelan Oil Royalties Into a Treasury-Controlled Fund
Energy companies that want to produce crude oil in Venezuela will be paying local taxes and fees to the Venezuelan government, but royalty payments and federal taxes will go into…
