Oil Supply News Monitoring

Chevron Launches $48 Billion Tengiz Oilfield Expansion, Sets to Boost Global Oil Supply

ASTANA — ​​Chevron has started production at its $48 billion expansion of the Tengiz oilfield in Kazakhstan. The expansion is expected to increase output to nealry 1  million barrels of oil per day, or approximately 1% of the global crude supply, reported …

Trump calls on OPEC to ramp up oil supply

"Right now the price is high enough that that war will continue," Trump said at Davos. WHAT: Trump is seeking OPEC support to bring down oil prices.  WHY: The US President said lower oil prices would bring about a faster end to Russia’s war in …

Indian Oil turns to sweet crude as Russian oil supplies tighten: Report

Indian Oil Corporation (IOC), India’s largest oil refiner, has purchased 6 million barrels of sweet crude oil through a tender for April delivery, reported news agency Reuters. The company’s decision comes as fresh US sanctions on Russian oil producers and …

Singapore oil firm urged to quit war-torn Myanmar

BANGKOK —  Singapore-based petroleum company Interra Resources is being accused by an activist group in Myanmar of complicity in alleged war crimes committed by Myanmar’s military government. The group Justice for Myanmar said Interra Resources’ majority …

Mishkhab protests in Najaf enter third day, oil supply cut threatened

2025-01-26T18:02:58+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Angry protests erupted in the Al-Mishkhab district, south of Najaf, with participants raising slogans expressing their dissatisfaction with the deteriorating public services in the …

Trump Wants to Supercharge Oil Supply. He Might Make a Bigger Impact on Demand.

Hungary lets EU extend Russia sanctions

Hungary avoided a clash with the EU thanks to a last-minute deal that secures its access to Russian gas at a closed-door meeting on January 27. Hungarian Foreign Minister Péter Szijjártó has stated that Hungary agreed to extend sanctions against Russia …

Oil prices rebound from multi-week lows as investors brace for Trump tariffs

By Nicole Jao NEW YORK (Reuters) -Oil prices settled up on Tuesday, bouncing back from multi-week lows, after the White House said U.S. President Donald Trump’s plans to issue tariffs on Canadian and Mexican imports this week still holds. Fears of weaker …

Oil prices down slightly as fears of Libyan supply disruption ease

By Nicole Jao NEW YORK (Reuters) -Oil prices edged down on Tuesday, extending the previous day’s losses, as concerns over disruption to Libyan oil loadings eased. Fears of weaker demand linked to soft economic data from China and rising temperatures …

OCAC Warns of Looming Fuel Shortage As Tanker Ban Disrupts Supply

Lahore faces the risk of a fuel shortage as restrictions on oil tankers disrupt fuel deliveries to over 400 petrol stations across the city. The Oil Companies Advisory Council (OCAC) has urged the Punjab government to exempt petroleum, oil, and lubricant ( …

Are We On the Brink of the Biggest Oil Shock in History?

The Strait of Hormuz is a narrow strip of water that links the Persian Gulf to the rest of the world. It’s the world’s single most important energy corridor, and there’s no alternative route. Five of the world’s top 10 oil-producing countries—Saudi Arabia, …

OSAGYEFO MAZWAI: Rate cuts can keep the SA growth engine running

The SA Reserve Bank's monetary policy committee (MPC) is set to meet this week to make its first interest rate decision of the year. There are varying opinions on the extent to which the Bank will cut rates at this meeting and over the coming year. At …

Dangote to buy 12m barrels of crude oil from US

The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States of America. It said it resorted to importation as local supply challenges hindered the new $20 billion refinery’s push to reach full refining capacity. …

Oil Exports Slowdown as Sanctions Push Up Shipping Costs

Advertisement Trade for March-loading Russian oil exports, particularly the ESPO Blend crude, has come to a halt in Asia, driven by a widening price gap between buyers and sellers. The price disparity became evident in China after the cost of chartering …

Crude Oil Market Tumbles as Libya Disruption Fears Ease

By Adedapo Adesanya The crude oil market fell further on Tuesday as concerns over disruption to Libyan oil loadings eased, with Brent futures marginally down by 11 cents or 0.14 per cent to $76.97 per barrel and the US West Texas Intermediate (WTI) futures …

Kazakhstan seeks better contract terms from oil majors amid ongoing disputes and settlements

Kazakhstan, a key player among the world's top ten oil producers, has escalated its demands for better terms from international companies operating within its borders, Reuters reported. On January 28, the country called for improved contract conditions …

Kazakhstan to decide on oil output cuts after OPEC+ meeting

ASTANA : Kazakhstan will make a final decision on oil production cuts after the next joint OPEC+ meeting, the Central Asian country's Energy Minister Almasadam Satkaliyev said on Wednesday. Kazakhstan has persistently exceeded its output quota of 1.468 …

Sharjah Chamber unfolds ‘Business Impact’ podcast

The Sharjah Chamber of Commerce and Industry (SCCI) has unveiled the ‘Business Impact’ Podcast during ACRES 2025, to spotlight Sharjah as a prime destination for business management and investment in the region.  The podcast, to be released via Sharjah …

V. Anantha Nageswaran: The Economic Survey is about raising the game for a new playing field

This is my third offering of the Economic Survey, a comprehensive compilation of information and perspectives on the state of the Indian economy. It delves into issues that warrant focused and continued attention, providing insight and analysis crucial to …

Connected Kerb secures £65m backing from The National Wealth Fund and Aviva Investors to boost UK public EV charging.

The National Wealth Fund joins forces with Aviva Investors to back Connected Kerb's ambitious plans to expand its UK EV charging network towards 40,000 sockets. LONDON, UNITED KINGDOM, January 29, 2025 /⁨EINPresswire.com⁩/ -- Connected Kerb …

Hubject and PIONIX Collaborate to Simplify Plug&Charge Testing and Boost Efficiency for OEMs

BERLIN, BERLIN, GERMANY, January 29, 2025 /⁨EINPresswire.com⁩/ -- Berlin, [29.01.2025] – Hubject, the global leader in Plug&Charge technology, is proud to announce a strategic collaboration with PIONIX, a leading provider of open- source EV …

Super Precision Bearing Market to Reach 8.2 USD Billion by 2032 with Impressive CAGR

Super precision bearing market is gaining traction driven by need for high-quality, reliable bearings that handle extreme conditions. NY, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- According to the latest market research report …

Der Weg zu klimaneutralen Gebäuden: 100.000 Tonnen CO2-Einsparung durch smarte Photovoltaik

Einhundert tritt globaler UN-Initiative bei KOLN, GERMANY, January 29, 2025 /⁨EINPresswire.com⁩/ -- Das Kölner Energieunternehmen Einhundert engagiert sich als Teilnehmer der globalen Kampagne Vision 2045 der Vereinten Nationen. Gemeinsam mit …

Energy Retrofit Systems Market growth trajectory set at 6.80% CAGR, expanding to 332.46 USD Billion by 2034

The Energy Retrofit Systems Market focuses on upgrading buildings with energy-efficient technologies to reduce consumption. CALIFORNIA, CA, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive research report by …

Castanea Pellet: Annuncio dell'Offerta di Pellet di Castagno per un Riscaldamento Ecologico e Sostenibile

Una soluzione innovativa e sostenibile per il riscaldamento, basata sull’utilizzo di pellet di castagno proveniente da foreste gestite responsabilmente. ROME, ITALY, January 29, 2025 /⁨EINPresswire.com⁩/ -- Con una crescente consapevolezza …

Castanea Pellet: Annuncio della Disponibilità del Pellet di Castagno in Bancali

ROME, ITALY, January 29, 2025 /⁨EINPresswire.com⁩/ -- Con l'approssimarsi della stagione fredda, per molte famiglie italiane e attività commerciali si pone l'esigenza di individuare soluzioni di riscaldamento che siano convenienti, sicure e …

Offshore Support Vessel Market to Soar to $40.9 Billion by 2033, Achieving a 7.2% CAGR from 2023 to 2033

Offshore Support Vessel Market size is expected to be worth around USD 40.9 Billion by 2033, From USD 20.4 Billion by 2023, growing at a CAGR of 7.2% NEW YORK, NY, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- Report Overview …

Adaptive Energy Systems Sets the Standard for Modular Reactor Deployment: Safety, Sustainability, and Scalable Solutions

Adaptive Energy Systems leads with AMRs, setting benchmarks in safety, scalability, and sustainability while embracing Industry 4.0 and circular economy goals. SANTA ANA, CA, UNITED STATES, January 28, 2025 /⁨EINPresswire.com⁩/ -- Adaptive Energy …

Copper Wire & Cable Market Poised for Growth: Key Trends & Forecasts Through 2030

Copper Wire and Cable Market Expected to Reach $267.17 Billion By 2030 WILMINGTON, DE, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled, "Copper Wire and Cable Market By Type, Voltage, and Application: …

UAE Green Hydrogen Market Set for 8% CAGR Expansion, Valued at USD 140.34 Million by 2032 Future Scope & Insights

The UAE Green Hydrogen Market is expanding rapidly, driven by investments, sustainability goals, and global energy demand. WASHINGTON, WA, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- Market Research Future published a …

US Soil Stabilization Market to Reach USD 10,355 Mn by 2033, Growing at a CAGR of 4.5%

The US Soil Stabilization Market size is expected to be worth around USD 10,355 Mn by 2033, from USD 6,668.3 Mn in 2023, at a CAGR of 4.5% from 2023 to 2033. NEW YORK, NY, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- The US Soil …

Marine Mining Market Projected to Skyrocket to $50 Billion by 2033, Achieving a 33.9% CAGR from 2023

Marine Mining Market size is expected to be worth around USD 50.0 billion by 2033, from USD 2.7 billion in 2023, growing at a CAGR of 33.9% NEW YORK, NY, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- Report Overview Marine Mining …

Micro-Inverter Market Revolutionizing Solar Energy Systems with Innovative Technology | Research Report 2025 - 2034

Micro-Inverter: Rising adoption in solar energy systems for efficient power conversion CALIFORNIA, CA, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- "𝐂𝐮𝐭𝐭𝐢𝐧𝐠-𝐄𝐝𝐠𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐄𝐧𝐚𝐛𝐥𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐨 𝐌𝐚𝐤𝐞 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬" A …

Ultra-Pure Water Market to Reach USD 17.69 Billion by 2033, Driven by Rising Demand in Pharmaceuticals and Semiconductor

Ultra-Pure Water Market is set to experience substantial growth, expanding from an estimated USD 8.21 billion in 2024 to USD 17.69 billion by 2033 VANCOUVER, BRITISH COLUMBIA, CANADA, January 29, 2025 /⁨EINPresswire.com⁩/ -- The latest report …

Transformers Market Trends: Energy Transition & Power Grid Modernization

Transformers Market: Efficiency in Flux | Asia Pacific 6.4% CAGR by Singapore, South Korea, China, Hong Kong, Japan, Taiwan WILMINGTON, DE, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied …

floLIVE EVP Sara Brown to Moderate Business Success Sessions at IoT Evolution

Discussions will take on global data regulations, building effective partnerships, and a look forward across the IoT landscape LONDON, UNITED KINGDOM, January 29, 2025 /⁨EINPresswire.com⁩/ -- floLIVE, a leader in global cellular connectivity, …

Marine Engine Market Set to Grow to $18.5 Billion by 2033, with a 3.9% CAGR from 2023

Marine Engine Market size is expected to be worth around USD 18.5 billion by 2033, from USD 12.6 Bn in 2023, growing at a CAGR of 3.9% NEW YORK, NY, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- Report Overview Marine Engine refers …

JetSMART Announces Fuel Reduction With Digital Winglets

First Implementation of Flight Path Optimization Tool in Latin America SEATTLE, WA, UNITED STATES, January 29, 2025 /⁨EINPresswire.com⁩/ -- • JetSMART has implemented Digital Winglets, an artificial intelligence technology that uses real-time data …

Micro Mobility Charging Stations Market is Projected to Grow with Huge CAGR of 23.82% during the Forecast Period

Micro Mobility Charging Stations market shows significant growth driven by increasing demand for eco-friendly transportation solutions and surge in EV adoption. NY, UNITED STATES, January 28, 2025 /⁨EINPresswire.com⁩/ -- According to the latest …