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Iraq significantly increased its crude oil exports via the Strait of Hormuz in August, reaching 2.34 million barrels per day (bpd), up from 1.35 million bpd in July.

Chevron announced a $7 billion investment in Venezuela over five years to expand oil production from 290,000 to 600,000 barrels per day, supported by improved fiscal and legal terms.

OPEC+ is expected to maintain its current oil production policy in October, following the completion of a phased rollback of supply cuts agreed in 2023.

The Strait of Hormuz saw reduced tanker traffic, with only four crossings reported on Tuesday compared to a ten-day average of 13, as U.S.-Iran tensions escalate.

U.S.

Europe added 8.8 GW of new wind power capacity in H1 2024, a 30% year-over-year increase, driven by Germany and offshore wind growth.

A U.S.-backed oil company, North American Blue Energy Partners (NABEP), has secured 14 oil deals in Venezuela, replacing Chinese and Russian operators in several fields.

Crude oil prices rose following President Trump's threat of military action against Iran and the first exchange of fire in weeks.

Chevron, India’s ONGC, GE Vernova, Eni and GeoPark are preparing to sign final energy agreements in Venezuela, bringing new foreign …

Asia’s diesel exports to Africa are surging to nearly five-year highs, as Middle East’s sales to Africa crashed to nine-year …

President Trump announced that Venezuelan crude will be used to refill the U.S.

Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven commodity vessels traversing …