Russian Deputy Prime Minister Alexander Novak affirmed that Russia maintained its reduction in oil production throughout May in line with the OPEC+ agreements, underscoring the ongoing dedication of OPEC+ producers to stabilize the oil market.
France's Total Energy has unveiled new global liquefied natural gas (LNG) deals with two companies, one in India and one in South Korea, enhancing its portfolio and supporting energy transition efforts.
Mozambique's significant gas reserves have garnered attention from leading global oil and energy companies, setting the stage for the country to emerge as a major player in energy markets as many nations seek new energy sources.
Saudi Aramco has completed the acquisition of a 40 percent stake in Pakistan's largest fuel retailer, bolstering its presence in the Asian markets.
Africa's largest oil refinery has marked a significant milestone by exporting its first shipment of jet fuel to Europe, solidifying its position in a market eager for diversification following the Russian-Ukrainian conflict.
Since the beginning of the year, Sonatrach has made eight oil discoveries in Algeria, a move that will boost the country's hydrocarbon reserves, secure its domestic needs, and increase its exports.