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Top Oil Price News
Kazakhstan · KazakhstanRussia is upset that commercial banks in Kazakhstan are exhibiting “excessive caution” in settling payments and extending loans involving companies doing business with Moscow. A report published by the Russian media outlet RTVI claimed that entities in Kazakhstan that do business with Russia are the victims of “over-compliance,” which hinders legitimate cross-border commerce. A major source of discontent is “the fact that Kazakh banks demand fr…See the Story
Russia Pressures Kazakhstan to Relax Banking Rules
100% Right coverage: 1 sources
Brussels · BrusselsThe EU Commission is currently focusing on 47 critical raw materials projects, with a target value of $22.5 billion. However, the pressing question remains: Is this initiative timely and comprehensive enough to address the current challenges? Amid growing geopolitical instability and a transitioning energy landscape, the European Union is under significant pressure. While global powers like China and the USA are aggressively pursuing critical mi…See the Story
EU Raw Materials Plan Faces Long Odds Against Global Power Moves
100% Right coverage: 1 sources
BP · Trinidad and TobagoBP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. In a strategy reset last month, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. In the upstream, BP will aim for 10 new major projec…See the Story
BP Approves Major Trinidad and Tobago Natural Gas Project
100% Right coverage: 1 sources
Oil and Gas Sector · ChinaChinese state-owned oil and gas giant CNOOC reported on Thursday an 11.4% rise in net profit for 2024, as record oil and gas production offset weaker energy commodity prices. CNOOC, which specializes in offshore oil and gas developments in China and internationally, booked a net profit of $19 billion (137.9 billion Chinese yuan) for 2024, up by 11.4% from a year earlier, as production hit another record high last year. CNOOC’s net oil and gas pr…See the Story
CNOOC Profit Jumps by 11% on Record Oil and Gas Production
100% Right coverage: 1 sources
Donald Trump · United StatesThe White House directive has already yielded at least two bilateral meetings, including one hosted last week by the American Petroleum Institute, said the sourcesSee the Story
Trump administration tells oil and biofuels groups to hash out new biofuel policy, sources say
67% Right coverage: 3 sources
