OilPrice
MARCH 30, 2025
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. Top executives at major shale firms have already expressed opinions that Permian oil production could hit its peak as early as the end of this decade.
Energy Voice
MARCH 30, 2025
Demand-side flexibility, which is the ability to shift or shed electricity consumption during peak times, is an underestimated but critical part of expanding clean power systems. The post Demand-side flexibility: A key to cheap clean power appeared first on Energy Voice.
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OilPrice
MARCH 30, 2025
India has been investing heavily in the development of its renewable energy sector in recent years to support a green transition. While the government has repeatedly called on the international community to support its transition with funding to little avail, the state has financed a wide range of renewable energy and clean tech projects.
Rigzone
MARCH 30, 2025
Eni can no longer be repaid for gas that it produces in Venezuela through oil supplies from state-owned PDVSA.
OilPrice
MARCH 30, 2025
China has carved out a dominating role in Central Asias electronic vehicle market. Now, Beijing is looking to replicate its success in the Caucasus. Azerbaijan is emerging as Beijings point of entry for the region. During the first 10 months of 2024, Azerbaijan imported 2,592 electric vehicles, with Chinese-manufactured models accounting for a 77 percent share.
Rigzone
MARCH 30, 2025
Schroders Greencoat acquired a 49 percent share in a portfolio of eight wind farms and two solar facilities in Spain.
OilPrice
MARCH 30, 2025
Steel billionaire Lakshmi Mittal is set to leave the UK, as a direct result of a government crackdown on non-domiciled residents, in favour of more tax-friendly destinations such as the United Arab Emirates, Italy and Switzerland, the FT has reported. The businessman, a former Blair-era Labour donor and Sunday Times Rich List number seven, is set to leave the UK after nearly 30 years.
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Iraq Business News: Oil & Gas
MARCH 30, 2025
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, and Basra.
OilPrice
MARCH 30, 2025
President Donald Trump has threatened secondary sanctions on Russias energy industry if Washington and Moscow fail to seal a ceasefire deal for Ukraine. If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russias fault which it might not be but if I think it was Russias fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia, Trump told NBC in an interview.
Iraq Business News: Oil & Gas
MARCH 30, 2025
By John Lee. As part of the government's national program, Iraq's Ministry of Oil has announced the opening of four new liquefied gas (LPG) fueling stations along the international highway connecting Baghdad to the southern provinces. The initiative is led by the General Company for Gas Filling and Services , aiming to expand gas-powered vehicle infrastructure across the country.
BOE Report
MARCH 30, 2025
U.S. President Donald Trump said on Sunday he was “pissed off” at Russian President Vladimir Putin and will impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
Iraq Business News: Oil & Gas
MARCH 30, 2025
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for February, but has again not disclosed the value of oil exports for the month. This continues the practice of delayed or missing oil export data from the Ministry. Total exports of crude oil: 95,148,167 barrels. Exports from the oil fields in central and southern Iraq amounted to 94,375,012 barrels.
BOE Report
MARCH 30, 2025
U.S. President Donald Trump threatened Iran on Sunday with bombing and secondary tariffs if Tehran did not come to an agreement with Washington over its nuclear program. In Trump’s first remarks since Iran rejected direct negotiations with Washington last week, he told NBC News that U.S. and Iranian officials were talking, but did not elaborate.
Crude Oil Futures
MARCH 30, 2025
Despite the arrival of Iran's long-awaited response to President Trump's letter, delivered through an intermediary on Saturday, geopolitical tensions between the US and Iran have escalated, marked by increased rhetorical hostility. The threats and counter-threats that started coming out from both camps frequently in these days could have an impact on the prices of crude oil that in turn could push the inflation up.
BOE Report
MARCH 30, 2025
Most investors knew things could turn turbulent this year given U.S. President Donald Trump’s return to power in the world’s biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far.
BOE Report
MARCH 30, 2025
The U.S. government has notified foreign partners of Venezuela’s state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts, sources close to the decision by President Donald Trump’s administration said on Saturday.
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