Africa Needs $100 Billion in Refining Investment as Oil Demand Soars

Africa’s crude oil demand is set to more than double to 4.5 million barrels per day (bpd) by 2050, which will need more than $100 billion in investment in refining…

USA Pursuit of 3rd Oil Tanker Intensifies Venezuela Blockade

(Update) December 22, 2025, 2:20 PM GMT: Article updated with Venezuela announcing departure of Chevron shipment in fourth paragraph. The US Coast Guard’s pursuit of a third oil tanker off…

Trump admin ‘pauses’ leases for five offshore wind projects already under construction

The U.S. Dept. of the Interior has immediately paused the leases for all large-scale offshore wind projects under construction in the United States due to “national security risks identified by the…

US Seizes Vessel Off Venezuelan Coast, Officials Say

This would mark the second time in recent weeks that the United States has seized a tanker near Venezuela and comes amid a large U.S. military build-up in the region.…

PERSPECTIVE: Oil’s Geopolitical Premium Vanished in 2025 – And May Not Return

Ron Bouss (Reuters) – Global oil markets faced multiple black swan events in 2025 – including the Israel-Iran war and Ukrainian strikes on Russian refiners – yet they were barely fazed. This calm…

Oil Prices Rise as US Ramps up Action Against Venezuela Tanker

Summary US intercepts Venezuelan oil tanker, raising supply disruption fears Trump administration’s hardline approach sparked rebound in crude prices Crude benchmarks up about 1.8% LONDON, Dec 22 (Reuters) – Oil…

Australia to Mandate LNG Export Curbs to Ensure Local Supply

Australia’s government is set to impose mandates on LNG producers in the country to set aside a certain percentage of their output for the domestic market to avoid shortages, despite…

Japan Votes to Restart Its Largest Nuclear Power Plant

The Niigata prefecture parliament today voted to restart Japan’s largest nuclear power plant, Kashiwasaki-Kariwa, fourteen years after the Fukushima nuclear disaster that saw the country shut down 54 reactors. The…

Russian LNG Exports to China Break Record

Russian liquefied natural gas exports to China broke a record set earlier this year, overtaking Australian shipments in November, according to customs data cited by Bloomberg. The data showed that…

ADNOC Signs Up To $11B Financing Deal for Hail and Ghasha

Abu Dhabi National Oil Company (ADNOC) announced, in a statement posted on its site recently, the signing of a “landmark structured financing transaction of up to $11 billion … to…