Frontera Energy has signed a $120 million crude oil prepayment and supply agreement with Chevron, providing near-term liquidity and securing two years of Colombian crude deliveries.
Indian Oil’s first Colombian crude purchase under its Ecopetrol deal signals a shift in trade flows as sanctions and shipping disruptions curb Russia’s oil exports to India.
The U.S. imposed new sanctions on companies and tankers tied to Venezuela’s oil trade, targeting vessels accused of evading restrictions as Washington ramps up pressure on President Nicolás Maduro.
Iraq says international oil companies operating in Kurdistan remain obligated to deliver crude to SOMO under a September export deal, raising fresh questions about control of pipeline flows and export authority.
Rising volumes of crude stored on tankers are emerging as a bigger threat to oil prices than geopolitical flashpoints, signaling a growing global supply imbalance that could weigh on markets into 2026.
Croatia’s JANAF is nearing a new oil transport agreement with MOL that could sharply increase pipeline volumes, marking a potential shift in regional crude flows as Central Europe looks beyond Russian supply.
Kazakhstan’s state pipeline operator Kaztransoil plans to open its first EU office in Poland as it works to stabilize crude oil exports to Germany via existing cross-border pipeline routes.
A U.S. judge ruled Michigan cannot enforce a shutdown order against Enbridge’s Line 5 pipeline, affirming federal authority over pipeline safety and allowing the aging Great Lakes line to continue operating amid ongoing legal and permitting battles.
Oil prices climbed more than 1% after President Trump ordered a blockade of sanctioned oil tankers entering and leaving Venezuela, raising uncertainty around global crude supply amid fragile demand.
Venezuelan state oil company PDVSA has been forced to double discounts on crude sold to Asia, with some barrels priced up to $15 below Brent, as Russian and Iranian oil floods the market and U.S. military activity heightens loading risks near Venezuelan ports.
Efficiency gains and lower costs ensure the basin remains America’s dominant oil source for years to come.
The Canadian producer plans to ramp up output from its oil sands assets and invest in key projects like Fort Hills and Mildred Lake, while continuing its expanded share buyback program.
Strathcona Resources plans to double oil production to 300,000 bpd by 2035, expanding its footprint across Western Canada and potentially driving new pipeline demand.
The move underscores Washington’s renewed leverage in Iraq’s energy sector and shifting regional power dynamics.
The company says the revisions would enhance safety and capacity across its 5,500-mile fuel network, while shippers including ExxonMobil and bp argue the move could hurt margins.
You can change it with picker below or later using the switch located in the footer.
