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  • Venezuela Demands Details on Exxon’s Trinidad Exploration October 29, 2025
    Venezuela has formally requested detailed information from neighbouring Trinidad and Tobago regarding first field-tests planned by Exxon Mobil in a newly awarded ultra-deep water exploration block close to the two countries’ maritime border, three separate sources and a diplomatic note reviewed by Reuters show. The exploration block, awarded to Exxon earlier this year, is situated […]
  • How Will U.S. Sanctions on Russia Impact OPEC+ Strategy? October 29, 2025
    The OPEC+ group will decide this weekend on production levels for December, in the first meeting since the United States slapped sanctions on the two biggest oil firms in Russia, a key member of the OPEC+ alliance and its second-largest producer after Saudi Arabia.  The producer group led by the Kingdom and Russia has been […]
  • China’s Sanctioned Yulong Thrives on Russian Oil October 28, 2025
    Shandong Yulong Petrochemical, China’s newest refinery, has swiftly become a potent emblem for the unintended effects of Western sanctions. Barely a year after its launch, the 400,000 b/d complex in Shandong province has purchased around 350,000 b/d of Russian crude for November delivery, effectively running almost entirely on discounted Russian oil after losing access to […]
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