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A service for energy industry professionals · Wednesday, April 2, 2025 · 799,423,438 Articles · 3+ Million Readers
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Oil & Gas Industry News Monitoring

  • Published on 05:56 GMT

    Federal Government Threatens To Revoke Licenses Of Inactive Oil Blocks

    The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, has issued a warning of potential license revocations for owners of oil blocks who have failed to develop them. This declaration is set against the backdrop of the Federal …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on 04:27 GMT

    Oil companies cut fuel, LPG prices this April

    Petron Corp. and Isla Petroleum cut the price of liquefied petroleum gas or LPG by P0.25 and P0.27 per kilogram, respectively effective April 1, 2025. The companies issued separate advisories of the LPG price cut, equivalent to P2.75 and P2.97 per 11-kg …

    Source: Manila Standard - Pro-Government
  • Published on 10:16 GMT

    Oil steadies as market eyes Russia sanctions, API data

    Oil prices held steady on Wednesday after declining in the previous session, as investors remained cautious ahead of the anticipated rollout of new United States tariffs that could further strain global trade and impact crude demand. At 2:55 pm AEDT (3:55 …

    Source: Azzet - Label Pending
  • Published on 06:19 GMT

    Venezuela’s oil exports fall 11.5% over US tariffs and sanctions, shipping data say

    (Reuters) – Venezuela’s exports of crude oil and fuel fell 11.5% in March as Washington’s imposition of secondary tariffs and the cancellation of key licences to operate in the U.S.-sanctioned energy sector led to delays and cargo suspensions, according to …

    Source: Stabroek News - Neutral
  • Published on 09:22 GMT

    Oil Prices Stabilize Amid Awaited New Tariffs

    Oil prices stabilized on Wednesday amid weak trading after falling in the previous session due to concerns that new U.S. tariffs could escalate a global trade war, potentially reducing demand for crude oil.اضافة اعلان Brent crude futures settled at $74.49 …

    Source: Jordan News - Uncategorized
  • Published on 10:03 GMT

    Oil prices stabilize ahead of fresh US tariffs

    Oil prices remained stable in thin trading on Wednesday, following a decline in the previous session due to concerns that new U.S. tariffs, set to be announced at 2000 GMT, could escalate a global trade war and dampen crude demand. Brent futures were …

    Source: News.Az - Pro-Government
  • Published on 12:54 GMT

    Iraq exports over 7M oil barrels to US in January

    2025-04-02T12:45:25+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq exported 7.136 million barrels of oil and petroleum products to the United States in January 2025, according to data from the US Energy Information Administration (EIA). The …

    Source: Shafaq News - Uncategorized
  • Published on 11:35 GMT

    Oil Prices Drop Amid Market Uncertainty Over Reciprocal Tariffs

    Crude oil prices dipped on Wednesday as market sentiment remained cautious due to the announcement of U.S. reciprocal tariffs and an unexpected increase in crude inventories. Brent crude fell by 0.4%, trading at $74.02 per barrel, down from $74.30 in the …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on 08:46 GMT

    Nigeria Hires Ex-CEO of Shell Unit to Lead State Oil Company

    (Bloomberg) — Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africa’s biggest crude producer works to boost output and prepare the firm for an initial public offering.Article content Bashir …

    Source: Financial Post - Center-right
  • Published on 05:22 GMT

    FG reaffirms commitment to support indigenous oil companies

    In a bid to propel Nigeria’s economic growth and self-reliance, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the government’s commitment to supporting indigenous businesses in the oil sector, citing Lee …

    Source: Tribune Online - Center-right
  • Published on 05:59 GMT

    Major UK energy company with 90,000 customers goes bust 'immediately'

    Rebel Energy has gone bust - bust leaving 90,000 customers without a supplier. Rebel Energy, which serves about 80,000 households and 10,000 business customers, will cease trading immediately. Rebel was founded in 2019 by Dan Bates, a former energy trader …

    Source: Birmingham Live - Neutral
  • Published on 07:06 GMT

    Western oil sales boost Putin’s shadow fleet

    An analysis by American think tank Brookings Institution shows that the latest sanctions heaped on Russia’s shadow tanker fleet are proving so successful that the EU should issue a complete ban on the sale by Western companies. The latest analysis of the …

    Source: Riviera - Neutral
  • Published on 10:25 GMT

    Eight OPEC+ countries to discuss oil production policy on April 3

    Eight OPEC+ countries will discuss oil production policy on April 3, Report informs referring to Interfax. In early March, eight volunteer countries decided to roll out restrictions of 2.2 million bpd on a monthly basis - 130,000-140,000 bpd per month from …

    Source: Commersant - Neutral
  • Published on 11:52 GMT

    Yorkshire Dales homeowner wins surprise 500l of heating oil for spring

    Watch more of our videos on ShotsTV.com  and on Freeview 262 or Freely 565 Visit Shots! now Hawkswick-based Mrs Jo Bray, who returned to Yorkshire two years ago to enjoy semi-retirement, is looking forward to a warm and cosy spring with her husband, two …

    Source: Yorkshire Evening Post - Label Pending
  • Published on 04:35 GMT

    The Multiplication of Solar Parks in Cuba Fails To Reduce the Energy Deficit

    Nine units of the country’s seven thermoelectric plants are shut down due to breakdowns. René Díaz, worker at the Ciego Norte solar park in Ciego de Ávila / Invasor 14ymedio, Havana, 31 March 2025 — With the Government’s accelerated commitment to …

    Source: 14ymedio - Neutral
  • Published on 04:38 GMT

    $5bn Africa Energy Bank Gains Momentum with Contributions from Nigeria, Angola, Ghana

    •Lokpobiri to IOCs: Nigeria has created right conditions, it’s time to invest  •Insists on withdrawal of licences from unproductive oilfield owners Emmanuel Addeh in Abuja and Peter Uzoho in Lagos In a significant development for Africa’s energy sector, …

    Source: This Day - Pro-Government
  • Published on 06:33 GMT

    March Oil imports rise 67% from US, 11% from Russia

    Imports from Nigeria nearly tripled to 207,000 bpd in March from 74,000 in February.Indian refiners imported two-thirds more US crude in March than in February amid US President Donald Trump's efforts to boost American energy exports. Surprisingly, the …

    Source: ETAuto - Uncategorized
  • Published on 11:19 GMT

    Ramp up investments in oil and gas now, FG tells OICs

    The federal government has called on the International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector, saying the administration of President Bola Ahmed Tinubu has provided all necessary incentives to …

    Source: Blueprint Newspapers Limited - Label Pending
  • Published on 05:31 GMT

    Venezuela Defends Its Oil Industry: Response to Reuters’ “Disinformation”

    Proud display of Venezuela’s oil production: Flag-covered barrels in a state-run refinery, defying sanctions and false media reports. Apr, 2025 Photo: Radio Rebelde April 1, 2025 Hour: 10:54 pm Venezuela slams Reuters’ ‘false’ oil report, proving 8.78% …

    Source: teleSUR - Gov't Propaganda

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