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Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues. Iraq has long been one…
Russia saw its revenues from oil and gas for the budget crash by 33.7% For June, total budget revenues from oil and gas dipped to $6.3 billion Russian rubles), according to data from Russia’s finance ministry published on Thursday. For June, total budget revenues from oil and gas dipped to $6.3 billion (494.8
billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday. Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country.
Under pressure to increase payouts to Saudi Arabia, the Kingdom’s state oil giant Aramco is considering selling up to five gas-fired power plants in deals that could raise some $4 billion, sources familiar with the plans told Reuters on Friday.
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Pemex liquida Pemex Finance en Islas Caimán y acelera el cierre de filiales para reducir costos, mejorar eficiencia y cumplir la nueva política energética estatal.
Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. Official data from Russias finance ministry is expected on May 7. In March, Russian revenues from oil and gas plunged by 17% from
The Methane Finance Working Group released guidance to 'deliver and deploy market-tested finance mechanisms that facilitate decarbonization across the oil and gas sector'.
Russian revenues from oil and gas plunged by 17% in March from a year earlier, according to data from Russias finance ministry. Oil and gas revenues for the Kremlin fell to $13.1 Oil and gas revenues for the Kremlin fell to $13.1 billion (1.1 billion (2.64 trillion rubles), the official Russian data showed. billion (1.1
Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark. Russia now sees its oil and gas revenues at about $101.7 billion (8.32 billion (8.32 billion (10.9
Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts. At the end of the Friday session, oil futures settled at $68.30 One, totaling 1.66
Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09 billion (1.23
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The climate change hoaxers of the Environmental Defense Fund (EDF), along with other Big Green groups, are attempting another headfake of oil and gas companies and the financial institutions that help fund them.
The recent oil price crash will surely hit Saudi Arabias state finances going forward, but the Kingdom already booked a hefty budget deficit for the first quarter, before oil prices dropped dramatically. During the first quarter of the year, the budget deficit of the worlds top crude oil exporter swelled to $15.6
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The European Union will propose to G7 finance ministers to lower the price cap on Russian crude from the current $60 per barrel to $50, European Economic Commissioner Valdis Dombrovskis said.
Asias economies are more vulnerable to external trade shocks than other regions, but they would find low oil prices a boon to their government finances at times of heightened global economic uncertainty. The crude import bills are dropping, and they are already pushing oil import levels in major Asian
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role in Iran-Israel fight fuels market jitters Published Sun, Jun 22 2025 10:35 PM EDT Updated 2 Hours Ago Lee Ying Shan @in/ying-shan-lee @LeeYingshan WATCH LIVE Key Points Oil markets are entering a new phase of uncertainty after the U.S. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S.
Register to attend. (World Oil) – Diversified Energy Company PLC, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the U.S.
Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday. Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund.
The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project.
imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion, Chinas Finance Ministry said in a statement. Oil prices, which had been climbing before China's announcement, dropped in response to the news.
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It has been over two years since the Baghdad-based Federal Government of Iraq (FGI) placed an embargo on independent oil exports from the Erbil-based Kurdistan Region of Iraq (KRI). billion in damages for these allegedly unauthorised oil exports over many previous years. That said, the real reason why the
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Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025.
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As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Final Thoughts The energy sector may be slower to adopt AI than industries like media or finance, but the momentum is building.
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