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Top Oil Price News

InternationalRussian oil and gas revenues are poised to slump by 35% this month from a year earlier as the price of Russia’s crude has plunged and the local currency strengthened. Russia’s budget is expected to receive $6.63 billion (520 Russian billion rubles) from oil and gas in November, a decline of 35% compared to the same month of 2024, Reuters calculations showed on Monday. Oil and gas revenues make up the single largest budget income item for the R…See the Story
Russia’s Oil and Gas Revenues Set to Plunge by 35% in November
50% Left coverage: 10 sources

Oil and Gas Sector · Abu DhabiADNOC has unveiled a sweeping $150 billion investment plan for 2026–2030, marking one of the largest investment cycles in its history and reinforcing the UAE’s long-term commitment to oil, gas, and industrial expansion. The announcement, approved at the board meeting chaired by Sheikh Mohamed bin Zayed Al Nahyan, coincided with increases in the UAE’s hydrocarbon reserves and marks a further pivot to downstream and international expansion. Over f…See the Story
ADNOC Approves Sweeping $150 Billion Investment Plan
60% Right coverage: 5 sources

Taxes · NigeriaNigeria’s state oil company, the Nigerian National Petroleum Company (NNPC), has reported it posted a net profit of 5.4 trillion naira ($3.6 billion) in 2024, good for a 64% jump from a year earlier as the pivotal industry continues to make a comeback. “The earnings highlight the positive momentum of our ongoing transformation and the unwavering commitment of our workforce,” Bashir Bayo Ojulari, NNPC Group Chief Executive, told analysts. Nigeria…See the Story
Nigeria’s National Oil Company Records 64% Jump In Profits To $3.6B
67% Center coverage: 3 sources