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Oil & Gas

U.S. TRADE DEAL WITH INDIA TARGETS RUSSIAN OIL TIES AMID SANCTIONS PRESSURE.

A new U.S. India trade agreement that includes a halt to Indian purchases of Russian oil signals a major shift in global crude trade dynamics and geopolitical energy strategy. The move comes as Washington intensifies efforts to curb Moscow’s oil revenues linked to the Ukraine war, while India the world’s third-largest oil importer reassesses its supply mix after relying heavily on discounted Russian crude since 2022. The development could reshape long-standing Russia–India energy ties, influence refinery sourcing strategies, and alter global oil flows as sanctions, diplomacy, and trade policy increasingly intersect with energy security decisions.

  • 1 month, 3 weeks
Oil & Gas

EU says it will accept no increase in US tariffs after Supreme Court ruling: 'a deal is a deal.

The European Union has issued a strong warning to the United States to uphold the terms of their existing trade agreement after Washington introduced new tariff measures following a Supreme Court ruling that struck down earlier global tariffs. The sudden shift in tariff policy, including temporary across-the-board levies rising to 15%, has created uncertainty over whether previously negotiated tariff ceilings and exemptions for EU goods will still apply. Brussels emphasized that predictable and mutually agreed trade rules are essential for maintaining fair, balanced, and stable transatlantic commerce, especially as businesses on both sides depend heavily on consistent tariff structures. The situation has raised concerns about potential disruptions to global trade flows, investor confidence, and supply chains, as unclear tariff direction could weaken the EU’s competitive advantage and reshape international trade dynamics if the agreement is effectively overridden.

  • 1 month, 3 weeks
Oil & Gas

UGANDA, KENYA DEEPEN ENERGY TIES WITH PIPELINE SHARE DEAL.

Uganda is investing in Kenya’s pipeline company to secure fuel supply, reduce risks, and gain influence over regional energy infrastructure. The move strengthens regional integration while positioning Uganda more strategically in East Africa’s oil and gas sector.

  • 1 month, 3 weeks
Oil & Gas

EACOP PROJECT SPARKS ONGOING BATTLE OVER LAND AND JUSTICE.

The article highlights ongoing disputes between communities affected by the EACOP project and authorities over land compensation, environmental impacts, and constitutional rights. While regulators emphasize compliance and economic benefits, many residents argue that justice and fair compensation remain unresolved.

  • 2 months
Oil & Gas

TANZANIA, ALGERIA AGREE TO COOPERATE IN OIL AND GAS EXPLORATION, ELECTRICITY.

Tanzania and Algeria have agreed to strengthen cooperation in oil and gas exploration, electricity, and academic training through partnerships between their universities. The collaboration aims to enhance technical capacity, research, and knowledge exchange to support Tanzania’s energy sector development.

  • 2 months
Oil & Gas

VENEZUELA TO GRANT MORE OIL DRILLING BLOCKS TO CHEVRON AND REPSOL.

Venezuela is reportedly preparing to award new oil drilling and production blocks to major energy firms Chevron and Repsol, a move that could accelerate efforts to revive the country’s struggling oil sector. According to reports, officials in Caracas may approve the exploration and production licenses within days, signaling a potential shift toward increased foreign participation in upstream activities. The development comes amid broader geopolitical and sanctions-related adjustments, as Venezuela seeks to boost output and attract investment to rebuild aging infrastructure and expand crude production capacity. If confirmed, the new blocks could strengthen international energy involvement in Venezuela’s oil fields and influence global supply dynamics, especially as markets watch for additional barrels from sanctioned or previously constrained producers.

  • 2 months