The First New Oil Refinery in the U.S. in 50 Years to Be Built in Texas
For the first time in half a century, the United States of America will begin construction of a new large…
oil production
Export of Oil and Meal from Soybeans and Rapeseed Soared After Tariff Implementation
The introduction of a 10% export tariff on the export of raw soybeans and rapeseed has significantly boosted the production…
Oil Production in Russia Sharply Decreased in December 2025 Due to Attacks and Sanctions
In December 2025, the Russian Federation experienced the most significant reduction in crude oil production in the past year and…
US Access to Venezuelan Oil Could Significantly Impact Bitcoin Miners’ Costs
An increase in oil production in Venezuela involving American companies could lead to a decrease in electricity costs for Bitcoin…
Ukrainian Oil Producers Face Raw Material Shortages Due to Low Sunflower Harvest
The Ukrainian oil industry is under pressure due to a record low sunflower harvest in 2025. The imbalance between processing…
OPEC+ Suspends Oil Production Quota Increases at Russia’s Request Due to Sanctions
Countries within OPEC+ have decided to temporarily halt the increase of oil production quotas. This decision was made at the…
Ukrnafta Increases Oil and Gas Production Through New Wells and Innovations
Public Joint Stock Company "Ukrnafta," the largest state oil and gas company in Ukraine, is actively increasing hydrocarbon production by…
International Energy Agency Forecasts Oil Surplus of 4 Million Barrels in 2026
The global oil market is expected to experience significant oversupply in 2026, with the International Energy Agency (IEA) estimating it…
Recovery of Russian Refineries After Ukrainian Drone Attacks Will Extend to Mid-2026
The International Energy Agency (IEA) predicts that the consequences of Ukrainian drone attacks will continue to significantly impact the operations…
The Cost of Oil Production in Russia Rises to $45 per Barrel After the Start of the War
The oil industry of the Russian Federation, which has been one of the main sources of budget revenue for decades,…