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Nigeria’s oil output falls 4.37% in March, widening gap with OPEC quota
Nigeria’s crude oil production declined by 4.37% in March to 1.401mn barrels per day (bpd), further widening the gap between actual output and the country’s OPEC quota, the April OPEC Monthly Oil Market Report (MOMR) has revealed.
Brazil poised to challenge China's rare earth dominance
Brazil could emerge as a major competitor to China in the strategically critical rare earths market amid escalating global trade tensions and surging demand for these essential elements in high-tech manufacturing.
Amid oil price challenges, Aramco announces Q1 results
Aramco has reported a fall in Q1 net income, reflecting the turbulence of global energy markets and softer oil prices
Every $1 drop in oil price could cost Azerbaijan $300mn in exports, $150mn in budget revenue, ING says
Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.
Tensions, trade, and the fuel factor—India’s energy supply amid conflict with Pakistan
As India turns Westward for crude, with one eye on Pakistan’s military actions to the Northwest, the LNG picture is less optimistic. The ongoing strain with Pakistan threatens to compromise pipeline logistics and maritime routes of the fuel.
Wildfires in Syria's Jabal Turkman expand as strong winds hamper control efforts
Wildfires in Syria's Jabal Turkman have expanded due to strong winds as firefighting teams battle the blaze for a fifth consecutive day.
YPF post strong Q1 results amid rising Argentina activity
YPF's first-quarter 2025 results revealed significant expansion in Vaca Muerta operations, with shale oil production averaging 147,000 barrels per day between January and March.
BioLite acquires controlling stake in Baobab+ to expand off-grid solar operations
BioLite has acquired a controlling stake in African solar distributor Baobab+, strengthening its position as a vertically integrated provider of off-grid renewable energy solutions.
Green hydrogen rollout in India slowed by cost gap with grey hydrogen
India’s National Green Hydrogen Mission has outlined a plan to establish the country as a major producer and exporter of green hydrogen.
Turkmen leader touts trade and investment during French trip
Offering confirmation that Ashgabat is ready to do business with Western firms.
Serbia’s Vucic to discuss new gas deal with Putin in Moscow
Aleksandar Vucic visited Moscow for the May 9 Victory Day parade shortly before Serbia’s gas supply agreement with Russian energy giant Gazprom is due to expire.
Young generations face unprecedented climate extremes
More than half of children born in 2020 will experience unprecedented lifetime exposure to extreme heatwaves even if global warming is limited to 1.5°C above pre-industrial levels.
Iran pips Saudi Arabia and Russia as having world's cheapest gasoline
READ MORE: Iran's petrol now world's cheapest at just $0.018/litre, undercutting Saudi Arabia's $0.62 rate amid growing pressure for subsidy reforms.
ExxonMobil, Marubeni sign offtake agreement for low-carbon ammonia
ExxonMobil and Japan’s Marubeni have signed a long-term offtake agreement for the supply of roughly 250,000 tonnes per year of low-carbon ammonia from ExxonMobil's planned facility in Texas.
HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Crescent Energy reportedly weighing asset sales
US oil and gas producer Crescent Energy is reported to be considering the disposal of some of its non-core assets.
Golar LNG approves pioneering Argentina FLNG project to tap Vaca Muerta gas
Argentina’s LNG export plans have taken a step forward even as scepticism remains.
Legal victory for Renergen brings regulatory clarity to South Africa’s gas sector
South African natural gas and helium producer Renergen has achieved a landmark legal victory that brings much-needed regulatory clarity to South Africa’s petroleum sector.
Looking at ramifications of China’s shifting energy usage patterns on Central Asia
Renewables are up, fossil fuels down.
Iranian methanol exports to China under threat
Iran’s methanol exports to China are under threat following warnings from the US of yet more sanctions on Iranian oil and petrochemical buyers amid nuclear talks, according to Bloomberg.
Scatec starts building 1.1GW solar project and battery storage system in Egypt
Norwegian renewable energy company Scatec has started constructing the 1.1 GW Obelisk solar project in Egypt and a 100 MW/200 MWh battery energy storage system. The project will have an estimated cost of $590mn.
LNG Canada prepares to produce first LNG in June
Canada’s flagship project has finished the cooldown process of the new plant, with all machinery tested, marking the completion of a critical step in bringing online the new plant in Kitimat, British Columbia.
China's ENN, Zhenhau Oil sign deals for ADNOC's LNG
China's ENN Natural Gas and state-owned Zhenhua Oil have each entered into term agreements to purchase LNG from ADNOC.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Canadian oil and gas explorer Sintana Energy highlights strong upstream momentum offshore Namibia
Publicly traded Canadian oil and natural gas exploration company Sintana Energy has shared new details around exploration activities offshore Namibia.
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