Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack

Following the Ukrainian drone attack that damaged a key export terminal on Russia’s Black Sea at end-November, Kazakhstan’s crude and condensate production has fallen by 6% so far in December…

Zaporizhzhia Plant Could Resume Operations 18 Months After War Ends

The Zaporizhzhia nuclear power plant in Ukraine, which has been under Russian control since early 2022, could resume operations within a year and a half after a potential end to…

China’s EV Exports Soar by 87%

China’s exports of electric vehicles surged by 87% in November from a year earlier, with Asia and Europe taking the highest number of Chinese EVs, per data from China’s customs…

Saudi Arabia Set to Lower Oil Prices to Asia Again

Saudi Arabia is expected to further lower the price of its crude oil bound for Asia in February, as global supply remains plentiful and spot benchmarks in the Middle East…

China’s CNOOC Discovers Massive Oilfield in Bohai Sea

CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has announced the discovery of a major new oilfield in the Bohai Sea.  The Qinhuangdao 29-6 discovery in the…

Putin and Trump Do Not Support European-Ukrainian Temporary Ceasefire Ddea, the Kremlin Says

The Kremlin said on Sunday that Russian President Vladimir Putin and U.S. President Donald Trump do not support a European-Ukrainian push for a temporary ceasefire ahead of a settlement, and…

Frontera Signs Deal to Supply Crude Oil to Chevron Unit for Up to $120 Million

Frontera Energy’s Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the…

India Seeks $30 Billion From Reliance and BP in Long-Running Gas Dispute

The Indian government is demanding over $30 billion in compensation from Reliance Industries and BP for their failure to produce contracted gas volumes from two offshore fields, Reuters reported today,…

China’s LNG Imports Rebound Late in the Year After a Prolonged Slump

China’s imports of liquefied natural gas are on course to end the year with a jump, Kpler has reported, reaching 7.17 million tons after another strong month in November. Citing…

Oil Jumps 2% as Investors weigh Ukraine Talks Against Supply Outlook

Summary Ukraine peace talks and Middle East tensions in focus US crude inventories expected to fall Distillate and gasoline stocks expected to rise Dec 29 (Reuters) – Oil prices rose…