Exclusive: US to finalize 2026 biofuel quotas by early March, drop import penalties, sources say
Trump administration to finalize 2026 biofuel quotas by early March EPA may adjust bio-based diesel targets slightly lower…
US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says
NEW YORK, Jan 13 (Reuters) – Lower oil prices are expected to cut U.S. drilling activity and reduce…
Exclusive: Venezuela begins reversing oil output cuts as exports resume, sources say
Item 1 of 2 Crude oil drips from a valve at an oil well operated by Venezuela’s state…
Oil dips on ample supply outlook, market weighs Venezuelan output
SINGAPORE, Jan 6 (Reuters) – Oil prices fell on Tuesday on expectations of ample global supply amid weak…
Venezuelan oil industry: world’s largest reserves, decaying infrastructure
Jan 3 (Reuters) – Following are key facts about the oil industry of Venezuela, whose President Nicolas Maduro…
Tax breaks help Russian oil exporters stay afloat as discounts deepen
MOSCOW, Dec 30 (Reuters) – Discounts on Russian oil at export terminals have once again approached historic highs,…
Oil up as market weighs strong US economic growth, supply risks
US economy grew faster than expected in the third quarter US might keep or sell seized Venezuelan oil,…
US EPA expects to finalize biofuel rules in first quarter of 2026
Dec 16 (Reuters) – The U.S. Environmental Protection Agency expects to finalize 2026 and 2027 biofuel blending mandates,…
Oil prices stable as Venezuelan supply disruptions balance surplus concerns
Brent, WTI prices steady after 4% losses last week Venezuelan oil exports down sharply since US seizure of…
Exclusive: Russia’s monthly oil and gas revenue poised to hit lowest since August 2020
Annual oil and gas revenue to fall short of budget projection Returns hit by cheaper crude and stronger…
Nigeria’s Dangote Refinery says it can deliver 1.5 billion litres of petrol in December
LAGOS, Dec 1 (Reuters) – Nigeria’s Dangote Refinery said on Monday it is able to deliver 1.5 billion…
US oil production rose to record high in September, EIA data shows
NEW YORK, Nov 28 (Reuters) – U.S. oil production rose to a record high in September, data from…