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A service for energy industry professionals · Monday, July 7, 2025 · 829,095,832 Articles · 3+ Million Readers
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Oil Production News Monitoring

  • Published on 12:47 GMT

    Oyebanji: Knowledge, development and human wellbeing

    Since assuming office as the Governor of Ekiti State on October 16, 2022, Biodun Abayomi Oyebanji, fondly referred to as BAO, has redefined governance by implementing impactful policies and programmes. From improved infrastructure to enhanced healthcare …

    Source: Modern Ghana - Neutral
  • Published on 15:45 GMT

    Chemical explosion kills 19-year-old, two others at Ogun factory

      A chemical explosion at a manufacturing facility operated by Terra Acqua Limited located in Ota, Ogun State, has killed at least three young casual workers, including a 19-year-old identified as Lateef Badmus. The incident occurred on 27 June on the …

    Source: Premium Times - Neutral
  • Published on 16:02 GMT

    Chevron preps quick closing of Hess deal and awaits result of Exxon dispute

    By Sheila Dang HOUSTON (Reuters) -Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a severance program for some Hess workers. …

    Source: Yahoo Finance - Center-left
  • Published on 07:21 GMT

    Opec+ is pumping more oil, but is it needed and at what price?

    Two questions stand out after the decision by Opec+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group export the additional barrels they say they are going to produce? Opec+ agreed at a weekend meeting to …

    Source: Times LIVE - Indeterminate
  • Published on 10:37 GMT

    Petrobras weighs Polo Bahia onshore assets sale amid low oil prices

    Brazilian oil and gas company Petrobras is evaluating the potential sale of its Polo Bahia onshore oil and gas operations in Bahia state, according to its CEO Magda Chambriard, Bloomberg has reported. The Polo Bahia Terra, currently producing less than a …

    Source: Offshore Technology - Neutral
  • Published on 10:52 GMT

    Dollar payment on naira cards, OPEC+ output increase… business stories to track this week

    Here are the seven top business stories you need to track this week — July 7 to July 11. ENUGU AIR TO LAUNCH DOMESTIC FLIGHT OPERATIONS Festus Keyamo, minister of aviation and aerospace development, will inaugurate Enugu Air on July 7 (today). In an …

    Source: The Cable - Neutral
  • Published on 11:23 GMT

    Energy Addition, Not Transition: Fossil Fuels Remain the Bedrock of Progress

    Like clockwork, we receive the annual Statistical Review of World Energy relevant to energy geopolitics every June. From 1954 until 2022, BP volunteered to compile this data. Initially, the review only covered oil, but was later expanded to include all …

    Source: European Scientist - Neutral
  • Published on 12:24 GMT

    European stocks, dollar firm as US tariff deadline looms

    European stock markets and the dollar strengthened Monday as countries fought to hammer out trade deals days before US President Donald Trump's tariff deadline. Oil prices rose, even if OPEC and its allies agreed over the weekend to increase output …

    Source: Mount Carmel Register - Illinois - Pending
  • Published on 15:11 GMT

    Bank of Uganda Reports Strong Banking Sector in 2025

    By David Mwanje The Bank of Uganda (BoU) has shared its latest Financial Stability Review, showing that Uganda’s banking sector is doing well as of March 2025. The report says the sector is strong and can handle economic shocks, thanks to better economic …

    Source: UBC - Uganda Broadcasting Corporation - Pro-Government
  • Published on 07:56 GMT

    BRICS reshaping global economic power — Economist

    Expansion of BRICS highlights its strengthened representation and burgeoning global appeal. It also signals that a structural shift in the global economic dynamics is quietly underway. An economist, Alexander Odonkor, made the assertion ahead of the 17th …

    Source: Business Day - Neutral
  • Published on Jul 3, 2025

    Alberta oil production falls to lowest level since 2023

    Alberta’s oil production fell to the lowest in two years in May as wildfires and maintenance work crimped oilsands output.Article content Output from Canada’s biggest oil-producing province slid 397,000 barrels a day to 3.61 million barrels a day in May, …

    Source: Calgary Sun - Right-wing
  • Published on 11:14 GMT

    TORM plc: A Sunny Horizon Despite The Waves

    The company has a fleet of 93 vessels divided into three segments. The fleet is comprised of 20 LR2 vessels, 12 LR1 vessels, and 61 MR vessels. In the short term, tariffs fell as a result of the Red Sea crisis. However, supply and demand pressures suggest …

    Source: Seeking Alpha - Indeterminate
  • Published on 11:51 GMT

    5 stock picks from an analyst for a new era of cybersecurity threats

    Geopolitical tensions have soared in recent years, leading experts to worry about the rising threat of cyberattacks on governments and critical infrastructure. Cybersecurity concerns have jumped this year. After the US government targeted Iran in a …

    Source: Markets Insider - Neutral
  • Published on 13:03 GMT

    OPEC+ boosts output by more than expected

    Major oil producers agreed to ramp up output by more than expected despite falling crude prices. The OPEC bloc and its partners have kept increasing production — this time by 550,000 barrels per day — even with prices mired near multi-year lows, officially …

    Source: Semafor - Neutral
  • Published on 13:56 GMT

    OMCs likely to report strong Q1 on improved marketing margins

    State-owned oil marketing companies (OMCs) are expected to report a strong beginning to the financial year 2025-26 driven by robust marketing margins in the first quarter of FY26, as per analysts. According to Emkay Global Financial Services, petrol …

    Source: Financial Express - Neutral
  • Published on 07:49 GMT

    FTSE rises as Trump prepares to send tariff letters

    The FTSE 100 was up 10.23 points, or 0.12 per cent, at 8,833.18 at midday, while the FTSE 250 was up 78.45 points, or 0.36 per cent, at 21,635.69. The pound was down 0.4 per cent against the dollar at $1.36 and flat against the euro at €1.16. Oil was up 0. …

    Source: The Times - Center-right
  • Published on 07:56 GMT

    Iowa solar industry threatened by tax incentive cuts

    Iowa is among the nation's leaders in wind energy production, and the state is looking to follow suit with solar power. But Congress has eliminated the tax incentives that help solar farmers grow the industry. Iowa has worked with landowners to install …

    Source: Public News Service - Left-wing
  • Published on 08:03 GMT

    NM renewable energy advocates decry 'herky-jerky' policies

    Renewable energy got short shrift in the budget bill passed by Congress last week and a New Mexico trade association said companies and their employees will suffer. The bill quickly phases out tax incentives and investments for wind and solar power passed …

    Source: Public News Service - Left-wing
  • Published on 11:07 GMT

    Ukraine’s Shadow Alliances: How Ihor Kolomoisky and Pavel Fuks Built a Power Bloc—and Why It’s Now Unraveling

      “Ukraine has long been plagued by oligarchic impunity. This time, the state struck back—with a net wide enough to catch the kingmaker and his closest partners.” – Matthew Kupfer In February 2025, Ukrainian law enforcement shocked the nation by arresting …

    Source: American Greatness - Right-wing

07 days 11:23:56

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  • Published on July 7, 2025 - 10:50 GMT

    Indian refineries increase buying of Russian crude

    (MENAFN) India has emerged as the leading buyer of Russia’s seaborne Urals crude in 2025, accounting for 80% of total exports, Bloomberg reported, citing data from analytics firm Kpler. Two private Indian refineries—Reliance Industries and Nayara Energy— …

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  • Published on July 7, 2025 - 10:51 GMT

    OPEC+ Fast-Tracks August Oil Production

    (MENAFN) OPEC and its partner nations, collectively referred to as OPEC+, revealed on Saturday their plan to raise oil production by 548,000 barrels per day (bpd) in August—an accelerated increase compared to July’s 411,000 bpd rise. This move reflects the …

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  • Published on July 7, 2025 - 08:36 GMT

    German city demands return of Russian oil

    (MENAFN) Officials in the German town of Schwedt are urging the lifting of sanctions on Russian oil due to mounting difficulties at the local refinery that has traditionally relied on Russian crude, Politico reported on Friday, citing local sources. The …

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  • Published on July 7, 2025 - 08:37 GMT

    Schwedt Officials Call for Easing Russian Oil Sanctions

    (MENAFN) Local leaders in the German town of Schwedt are urging the removal of sanctions on Russian oil due to increasing challenges at a nearby refinery that once heavily relied on Russian crude, according to a report published by a news outlet on Friday, …

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