Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and documents from state-run PDVSA showed.
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion with Brookfield Asset Management on the sidelines of the World Economic Forum in Davos, officials said.
President of Azerbaijan, Ilham Aliyev outlined Azerbaijan’s economic priorities, investment strategy and regional connectivity role while speaking at the Euronews Davos Azerbaijan Executive Breakfast on the sidelines of the World Economic Forum.
Kazakhstan has begun recalibrating its oil export logistics amid ongoing restrictions affecting the Caspian Pipeline Consortium (CPC), a vital conduit for the country’s crude supplies to global markets.
U.S. President Donald Trump said Cuba should strike a deal with the United States, warning that the island nation would no longer receive oil or financial support.
Overhauling Armenia's economic structure and strengthening state institutions is a main focus as the Armenian government adopts a 42-page Doctrine of Economic and Institutional Transformation on Thursday (8 January), Prime Minister Nikol Pashinyan announced.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
Russia is bracing for potential turmoil in global oil markets after U.S. President Donald Trump ordered a military operation that led to the capture of Venezuela’s long-time leader Nicolás Maduro, according to reports.
Venezuela’s acting president, Delcy Rodríguez, has called for dialogue and cooperation with the United States following the U.S. military capture of President Nicolás Maduro, as protests erupted in several countries condemning Washington’s actions.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
Enrique Cocero, a political analyst, recently shared his insights on the escalating tensions surrounding the U.S. seizure of Venezuelan oil tankers.
Armenian Prime Minister Nikol Pashinyan announced the arrival of the first rail shipment of Azerbaijani petrol on Friday, calling the delivery — the first such transfer between the two countries in decades — a sign that “peace has now become a reality”.
Kazakhstan has begun redirecting part of its crude exports, sending oil from Kashagan to China as the Caspian Pipeline Consortium (CPC) operates at reduced capacity.
Russian President Vladimir Putin arrived in New Delhi on Thursday (4 December) to begin a two-day state visit, marking his first trip to India in four years.
Venezuela has accused the U.S. of attempting to seize the country’s vast oil reserves through military force, in a move the government says could destabilise the global energy market.
OPEC+ is expected to maintain its current oil production levels at meetings scheduled for Sunday, as the alliance weighs the risks of an emerging supply glut against ongoing geopolitical uncertainty, four OPEC+ sources told reporters this week.
Hungarian Prime Minister Viktor Orban said he would meet Russian President Vladimir Putin in Moscow on Friday to discuss crude and gas supplies for Hungary and also peace efforts in Ukraine.
The United States has granted Hungary a one-year exemption from sanctions on Russian oil and gas, a White House official confirmed Friday, November 7.
Between January and September this year, a total of 30.5 million tonnes of oil was transported via the Baku–Tbilisi–Ceyhan (BTC) main export pipeline, according to data released by the Georgian Oil and Gas Corporation.
The Kremlin has reacted to the latest sanctions placed on it by the Trump led administration dubbing it “counterproductive”, adding that it was immune to the sanctions.
U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so.
U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.
Kazakhstan’s oil exports to Germany are expected to grow in 2026 following an extension of the existing supply agreement, according to Askhat Khasenov, Chairman of the state energy company Kazmunaigaz.
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