| 1. News on Oil Prices |
 | 17 January 2025 : Fuel prices up by 10 cents {mvariety.com} |
| Mobil Oil and Shell Marianas have increased their fuel prices by 10 cents. Its the first fuel price hike this year . . . |
| | 17 January 2025 : Arkansas gas prices make a slight bump higher in latest AAA report {fox16.com} |
| Officials with AAA said the average price for a gallon of regular gas in Arkansas is now at $2.72 per gallon, up 1 cent from the previous week . . . |
| | 17 January 2025 : AAA reports state gas price average is up one cent... {katv.com} |
| According to the AAA Arkansas Weekend Gas Watch, the statewide gas price average in The Natural State is $2.72 for a gallon of regular unleaded fuel . . . |
| | 17 January 2025 : Morgan Stanley raises U.S. natural gas price forecast for 2025 {in.investing.com} |
| Morgan Stanley has revised its forecast for U.S. natural gas prices in 2025. The banks analysts attribute this change . . . |
| | 17 January 2025 : Oil prices climb on supply fears, Fed rate cut hopes {Economic Times} |
| Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply . . . |
| | 17 January 2025 : Oil prices rise on upbeat Chinese data barrage... {investing.com} |
| Oil prices climbed in Asian trading on Friday, driven by upbeat Chinese economic data that exceeded expectations and lifted market sentiment . . . |
| | 17 January 2025 : Oil drops $1 on halt in Houthis Red Sea attacks, US retail boost {business-standard.com} |
| Oil prices fell on Thursday with Yemens Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighed strong U.S. retail data . . . |
| | 17 January 2025 : Oil heads for fourth weekly advance as market girds for Donald Trump {cnbctv18.com} |
| Oil headed for a fourth straight weekly gain ahead of President-elect Donald Trumps second term, with traders seeking clarity on far-reaching sanctions . . . |
| | 17 January 2025 : Crude oil price will dictate petrol pump price, says FG {vanguardngr.com} |
| The Minister of State Petroleum Resources, Senator Heineken Lokpobiri on Thursday insisted that fluctuations in the pump price of petrol . . . |
| | 16 January 2025 : US natgas prices rise to 2-year high on record demand forecasts {boereport.com} |
| U.S. natural gas futures rose about 1% to a two-year high on Wednesday on forecasts for more frigid weather . . . |
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| 3. News on Oil Exploration |
| | 17 January 2025 : Niger Delta youths demand 40% stake in new oil block licenses {zawya.com} |
| Tension rises in the Niger Delta on Wednesday as youths from Bayelsa, Rivers, Delta, and other oil-rich states demand a 40% allocation of oil bloc licenses . . . |
| | 17 January 2025 : Rwanda discovers 13 oil wells in Lake Kivu, further exploration... {independent.co.ug} |
| The Rwanda Mines, Petroleum, and Gas Board has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step . . . |
| | 17 January 2025 : Talos finds oil and gas at Katmai West #2 well in US... {offshore-technology.com} |
| Talos Energy has discovered oil and natural gas in commercial quantities at the Katmai West #2 well in the Ewing Bank area of the US Gulf of Mexico . . . |
| | 17 January 2025 : Libya seeks to revitalize energy sector with fresh exploration... {aa.com.tr} |
| North Africas hydrocarbon-rich nation Libya is intensifying its efforts to revitalize its energy sector . . . |
| | 16 January 2025 : China discovers over 400 mln tons of oil reserve in Sanmenxia Basin {ecns.cn} |
| China announced a discovery of 427 million metric tons of oil reserve in the Sanmenxia Basin, setting an example . . . |
| | 16 January 2025 : Chevron says no commercial oil, gas found at Namibia... {marketscreener.com} |
| Chevron said on Tuesday that it did not find commercial hydrocarbon reserves in an exploration well in Namibias Orange Basin . . . |
| | 16 January 2025 : Rwanda backtracks on oil find claim in Lake Kivu {barrons.com} |
| Rwanda backtracked Wednesday from an earlier claim that it had discovered its first oil reserves in Lake Kivu . . . |
| | 16 January 2025 : Montenegro to seek consultant in oil, gas exploration tender {seenews.com} |
| Montenegros state hydrocarbons administration will seek to hire a consultant on the organisation of a tender for awarding a concession contract . . . |
| | 16 January 2025 : US operator finds oil in US Gulf of Mexico prospect {upstreamonline.com} |
| Houston-based operator Talos Energy says it has found “commercial quantities” of oil and gas at its second exploration well in the Katmai West field . . . |
| | 16 January 2025 : Inpex wins Norwegian offshore exploration licences {argusmedia.com} |
| Japanese upstream firm Inpex has won eight oil and gas exploration permits offshore Norway, expanding its operations in the country, Inpex said today . . . |
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| 5. News on Oil Output |
| | 17 January 2025 : Trillion completes Black Sea tubing ops, well stimulation... {offshore-energy.biz} |
| Canadas oil and gas player Trillion Energy is preparing to boost gas production at its field offshore Türkiye . . . |
| | 17 January 2025 : Kuwait to spend $30bn to increase oil output by 40% {agbi.com} |
| Kuwait is planning to expand its oil production capacity by up to 40 percent, despite a bearish outlook for global demand and years of stagnant growth . . . |
| | 17 January 2025 : Cote dIvoire increases oil, gas output with Baleine Phase 2 {daijiworld.com} |
| Cote dIvoires oil and gas production is expected to rise to a total of 75,000 to 85,000 barrels per day of crude oil . . . |
| | 17 January 2025 : Nigerias oil output rises by 6.3% in December 2024 {zawya.com} |
| Nigerias oil output has seen a significant increase, rising by 6.3% to reach 1.507 million barrels per day . . . |
| | 16 January 2025 : OGDC starts oil, gas production from Kharo-1 well {thenews.com.pk} |
| Oil & Gas Development Company Limited, Pakistans largest exploration and production firm, has commenced oil and gas production . . . |
| | 16 January 2025 : Iran plans to invest US$120bn to increase oil and gas production {enerdata.net} |
| The Irani government has announced a series of investments aimed to increase the national oil and gas production . . . |
| | 16 January 2025 : Azerbaijan shares its oil and gas output figures for 2024 {en.trend.az} |
| Azerbaijan achieved an oil condensate production of 29.1 million tons, according to operational data for 2024 . . . |
| | 16 January 2025 : Green jet fuel production starts in Thailand {bangkokpost.com} |
| PTT Global Chemical says it has started producing sustainable aviation fuel in Thailand for the first time . . . |
| | 16 January 2025 : Chinas major shale gas field puts into operation 15 new wells {english.news.cn} |
| The Fuling shale gas field, located in southwest Chinas Chongqing Municipality, has brought 15 new wells into operation this year . . . |
| | 16 January 2025 : Nigerias oil output rose by 6.3% in December 2024... {thesun.ng} |
| Nigerias oil production achieved a remarkable 6.3% increase, rising to 1.507 million barrels per day in December 2024 . . . |
| More Oil Output News | ^Jump to the top^ |
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| 6. News on Oil Transportation |
| | 17 January 2025 : Russian tanker discharges oil at Chinese Port after U.S. sanctions {oilprice.com} |
| A tanker carrying Russian crude discharged at a port operated by Shandong Port Group in east China on Thursday . . . |
| | 15 January 2025 : Egypt seeks four LNG cargoes for Feb-Mar delivery {marinelink.com} |
| Egypt has issued a tender seeking four cargoes of liquefied natural gas for delivery between February and March, two trading sources told Reuters . . . |
| | 15 January 2025 : Indias coal imports decline by 3.1% in April-October FY25 {Economic Times} |
| Indias coal imports fell by 3.1% to 149.39 million tonnes during April-October in FY25, compared to 154.17 MT in the same period last year . . . |
| | 15 January 2025 : Tk4,500cr pipeline planned to feed Bhola gas to energy-poor South {tbsnews.net} |
| The government plans to build a Tk4,500 crore pipeline from Bhola to Khulna. This will integrate the islands natural gas into the national grid . . . |
| | 15 January 2025 : Perus crude gains share in U.S. as Mexican exports slump {oilprice.com} |
| U.S. refiners are turning to rare niche crude grades from Latin America to fill the gap left by declining imports from Mexico . . . |
| | 14 January 2025 : Azerbaijan halts gas exports to Serbia, Serbian President says {chemanalyst.com} |
| Gas supplies from Azerbaijan to Serbia have been suspended, with no clear timeline for resumption, according to Serbian President Aleksandar Vucic . . . |
| | 14 January 2025 : Bangladeshs overall gas crisis set to ease from Monday {thefinancialexpress.com.bd} |
| The countrys overall natural gas crisis is set to ease from tomorrow on completion of repair and maintenance works . . . |
| | 14 January 2025 : Iraq exports 3.3 million barrels per day of oil from southern ports {iraqinews.com} |
| The director general of the state-run Basra Oil Company, Bassem Abdul-Karim Al-Shamkhani, revealed on Monday . . . |
| | 14 January 2025 : Supplies from Azerbaijan to Europe have not been restored... {eadaily.com} |
| Caspian gas supplies to Europe have not recovered. After the discovery of a problem on the underwater gas pipeline at the Shah Deniz field . . . |
| | 14 January 2025 : No disruption to Russian oil supply to India till March... {financialexpress.com} |
| The government does not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver . . . |
| More Oil Transportation News | ^Jump to the top^ |
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| 7. News on Oil companies |
| | 17 January 2025 : TotalEnergies expects better LNG trading in Q4 {oilprice.com} |
| TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading . . . |
| | 15 January 2025 : BP expects weak oil trading and refining margins to reduce Q4 profit {oilprice.com} |
| Weak oil trading and declining refining margins are expected to lower the fourth-quarter earnings at BP, the UK-based supermajor said on Tuesday . . . |
| | 13 January 2025 : ExxonMobil profits dip as it gives back almost $10 bn... {tiogapublishing.com} |
| ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business . . . |
| | 8 January 2025 : Exxon predicts a $700 million hit to profit due to lower oil prices {cnbctv18.com} |
| Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024 . . . |
| | 6 January 2025 : OMCs may post subdued refining margins in FY26 {financialexpress.com} |
| State-owned oil marketing companies are likely to register subdued gross refining margins during the upcoming financial year 2025-26 . . . |
| | 28 December 2024 : Petrobras informs about new law for the oil and gas sector {brazilenergyinsight.com} |
| Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which . . . |
| | 24 December 2024 : Oil India to launch subsidiary for Green Energy ventures {newsonprojects.com} |
| Oil India Ltd. has announced plans to establish a wholly-owned subsidiary, OIL Green Energy, to oversee its green and alternative energy ventures . . . |
| | 13 December 2024 : Dana Gas receives $20 million in payment from Egypt {thenationalnews.com} |
| Dana Gas, one of the largest private natural gas companies in the Middle East, received a $20 million payment from the Egyptian government . . . |
| | 12 December 2024 : bp to develop Teeside CCS projects {ogj.com} |
| bp has taken positive financial investment decision to progress to execution phase on the UKs first carbon capture and storage projects . . . |
| | 12 December 2024 : Oil giants profits slide 15.1% to $182.1 billion... {aa.com.tr} |
| Profits for nine of the worlds largest oil companies fell 15.1% in the January-September period, bringing their total profit down to $182.1 billion . . . |
| More news on oil companies | ^Jump to the top^ |
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| 8. Oil Contracts |
| | 17 January 2025 : BP to ink agreement with Iraq to redevelop four Kirkuk oil... {offshore-technology.com} |
| UK oil and gas giant bp will sign a deal with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region in northern Iraq . . . |
| | 16 January 2025 : Iraq, BP to sign mammoth Kirkuk oil, gas deal in early February {dailysabah.com} |
| Iraq and British oil giant BP are set to finalize a major agreement involving four oil and gas fields in the northern city of Kirkuk in early February . . . |
| | 15 January 2025 : Saudi Arabia and Italy sign energy cooperation deal {oilprice.com} |
| Italy and Saudi Arabia on Tuesday signed a cooperation agreement in the energy sector, with an emphasis on renewable energy, hydrogen . . . |
| | 15 January 2025 : India-Russia term deal talks for crude oil on hold amid sanctions {business-standard.com} |
| Discussions on a term deal for crude oil purchases from Russia have ground to a halt in the wake of the latest sanctions on Russia . . . |
| | 13 January 2025 : Enppi, Petrojet secure $2.1b contract for ADNOC gas LNG Project {egyptoil-gas.com} |
| ADNOC Gas plc and its subsidiaries announced the awarding of three enabling contracts worth $2.1 billion for an LNG pre-conditioning plant . . . |
| | 13 January 2025 : Petrofac secures new services contract for Habshan Project in UAE {egyptoil-gas.com} |
| Petrofac has secured a new Engineering, Procurement and Construction contract worth $330 million for the Habshan Complex . . . |
| | 8 January 2025 : OMV strikes deal to deliver Romanian gas to Germany amid energy shift {pgjonline.com} |
| Austrias OMV has struck a deal to supply Germanys Uniper with gas from its Black Sea project from 2027 . . . |
| | 7 January 2025 : Meralco bags deal to build 600-MW gas plant in Singapore {business.inquirer.net} |
| PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp., won the contract to develop a new 600-megawatt gas-fired facility in Singapore . . . |
| | 2 January 2025 : Nortrans Offshore wins flotel work on Romanian gas project {splash247.com} |
| Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem . . . |
| | 2 January 2025 : Subsea7 wins IRM contract for Sakarya gas field offshore Turkey {pgjonline.com} |
| Subsea7 has been awarded a contract by Turkish Petroleum Offshore Technology Center AS to provide inspection, repair, and maintenance services . . . |
| More news on oil contracts | ^Jump to the top^ |
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| 10. News on Oil Pollution |
| | 16 January 2025 : Oil pipeline operator to pay just NIS 1.5 million... {timesofisrael.com} |
| The controversial Europe Asia Pipeline Company will pay just over NIS 1.5 million for causing the worst oil spill in Israels history . . . |
| | 15 January 2025 : Enbridge submits final report to federal regulators... {wpr.org} |
| An Enbridge report submitted to federal regulators states just four gallons of crude oil reached groundwater at the site of an Enbridge spill . . . |
| | 14 January 2025 : Russia creates task force to tackle Kerch Strait oil spill {safety4sea.com} |
| An emergency task force, including Russian Emergency Situations Minister Alexander Kurenkov, was deployed to the southern Krasnodar region . . . |
| | 13 January 2025 : Russia struggles to contain widespread Kerch Strait oil spill {indiatoday.in} |
| An emergency task force arrived in Russias southern Krasnodar region on Sunday as an oil spill in the Kerch Strait . . . |
| | 10 January 2025 : Russias Putin orders authorities to ramp up efforts to... {aa.com.tr} |
| Russian President Vladimir Putin, during a Cabinet meeting on Thursday, expressed his dissatisfaction with the Emergency Situations . . . |
| | 9 January 2025 : Fuel oil leaks from stranded tanker near Hokkaido beach {asahi.com} |
| Fuel oil has leaked from a 3,919-ton tanker that ran aground here on Jan. 6, but its cargo of 3,800 kiloliters of diesel fuel and kerosene did not spill out . . . |
| | 8 January 2025 : Santos fined $10,000 for condensate spill off Western... {petroleumaustralia.com.au} |
| Santos WA Northwest Pty Ltd has been fined $10,000 plus $9,700 in costs after pleading guilty to charges related to a condensate spill . . . |
| | 8 January 2025 : Enbridge pipeline oil spill near Madison prompts calls for disclosure {captimes.com} |
| A spill of over 1,600 barrels of crude oil near Dane County went undisclosed to the public for a month . . . |
| | 6 January 2025 : Russia clears beaches after Black Sea oil spill, declares... {indiatoday.in} |
| Russia declared a regional state of emergency on Saturday in Crimea, which it seized from Ukraine in 2014 . . . |
| | 3 January 2025 : Kerch Strait oil spill significantly smaller than initially... {kyivindependent.com} |
| The amount of oil spilled in the Kerch Strait by two Russian oil tankers is significantly less than the initial estimate . . . |
| More Oil Pollution news | ^Jump to the top^ |
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| 11. OPEC News |
| | 16 January 2025 : Dangote refinery petrol production affecting European markets... {punchng.com} |
| The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit production . . . |
| | 16 January 2025 : OPEC predicts robust oil demand growth in 2026 {sarkaritel.com} |
| The Organization of the Petroleum Exporting Countries on Wednesday forecast the global oil demand to grow . . . |
| | 8 January 2025 : OPEC oil output falls in December on UAE and Iran, survey finds {Reuters} |
| OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates . . . |
| | 8 January 2025 : Russia claims compliance with OPEC+ oil output cuts in December {oilprice.com} |
| Russian crude oil production fell in December to below Moscows output cap under the OPEC+ agreement . . . |
| | 7 January 2025 : Oil averaging $65 in 25 to keep OPEC+ under pressure... {bnnbloomberg.ca} |
| International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries outstrips the growth . . . |
| | 7 January 2025 : OPEC crude production falls with UAE cutbacks {investing.com} |
| On Monday, the Organization of Petroleum Exporting Countries reported a decrease in its crude production . . . |
| | 3 January 2025 : OPEC daily basket price stood at $74.59 per barrel Tuesday {apanews.net} |
| The price of OPEC basket of 12 crudes stood at $74.59 a barrel on Tuesday, December 31, 2024, compared with $74.62 the previous day . . . |
| | 2 January 2025 : OPEC+ reschedules oil output rise to April... {caliber.az} |
| OPEC+ has postponed the planned oil production ramp-up until April, with the alliances production in January set to decrease by 21,000 barrels per day . . . |
| | 31 December 2024 : OPEC daily basket price stood at $73.91 per barrel Friday {apanews.net} |
| The price of OPEC basket of 12 crudes stood at $73.91 a barrel on Friday December 27, 2024, compared with $73.92 the previous day . . . |
| | 19 December 2024 : Opec+ wary of rise in US oil output under Trump {agbi.com} |
| Opec+ members are contemplating a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said . . . |
| More OPEC News | ^Jump to the top^ |
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| 13. News on Biofuels |
| | 17 January 2025 : US DoE and EPA announce funding to support advanced biofuel projects {biofuels-news.com} |
| The US Department of Energy, Bioenergy Technologies Office and the US Environmental Protection Agency announced $6 million . . . |
| | 17 January 2025 : U.S. ethanol exports to Brazil face tariff increase {Reuters} |
| Brazil increased a tariff on imported ethanol to 11.75 percent on Monday, in a move expected to benefit local cane mills . . . |
| | 17 January 2025 : India achieves highest-ever ethanol blending of 18.2% in December... {chinimandi.com} |
| In the ongoing Ethanol Supply Year 2024-25, ethanol blending in petrol reached 18.2 percent in December . . . |
| | 16 January 2025 : Growth Energy warns EPA against cutting cellulosic biofuel volumes {biofuels-news.com} |
| Growth Energy has urged the US Environmental Protection Agency not to retroactively reduce renewable volume obligations . . . |
| | 16 January 2025 : EIA: Ethanol production down 1%, stocks up 4%, exports down 19% {ethanolproducer.com} |
| U.S. fuel ethanol production was down approximately 1% the week ending Jan. 10, according to data released by the U.S. Energy Information Administration . . . |
| | 15 January 2025 : EIA maintains 2025 fuel ethanol production outlook... {ethanolproducer.com} |
| The U.S. Energy Information Administration maintained its forecast for 2025 fuel ethanol production in its latest Short-Term Energy Outlook . . . |
| | 14 January 2025 : Aemetis Biogas receives $11 million from sale of IRA investment... {ethanolproducer.com} |
| Aemetis Inc., a renewable natural gas and renewable fuels company, announced today the receipt of $11 million, after transaction costs . . . |
| | 14 January 2025 : USDA awards $1 million REAP grant to KAPPA Energy {ethanolproducer.com} |
| The USDA on Jan. 10 awarded $120 million in grants to 516 projects under the Rural Energy for America Program . . . |
| | 14 January 2025 : Greenfield Global announces plans to sell Minnesota ethanol plant {ethanolproducer.com} |
| Canada-based Greenfield Global Inc. is offering its operational, full-staffed 48 MMgy fuel ethanol plant in Winnebago, Minnesota . . . |
| | 13 January 2025 : USDA awards another $60 million in HBIIP grants {energy.agwired.com} |
| On Friday, USDA announced nearly $60 million in grants awarded through Higher Blends Infrastructure Incentive Program . . . |
| More Biofuels News | ^Jump to the top^ |
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