Friday, August 29, 2025
Iraq to cut oil exports amid OPEC+ pressure to comply with production limits- oil and gas 360

Iraq to cut oil exports amid OPEC+ pressure to comply with production limits

(World Oil) –  Iraq plans to cut oil exports next month as OPEC+ presses members to adhere to production targets, according to an official with knowledge of the matter. OPEC’s second-largest producer aims to reduce shipments by roughly 100,000 barrels a day to an average of 3.2 million barrels a day in May, the official said, asking not to be

US orders halt to construction of Equinor’s New York offshore wind project- oil and gas 360

US orders halt to construction of Equinor’s New York offshore wind project

(Investing) – U.S. Interior Secretary Doug Burgum ordered a halt to construction of Equinor’s Empire Wind project off the coast of New York, saying information suggested the Biden administration approved it without enough environmental analysis. In a post on X on Wednesday, Burgum said the information would be reviewed further but did not elaborate on the faults identified. The sudden order

Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery- oil and gas 360

Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery

(Oil & Gas 360) – SAN ANTONIO–(BUSINESS WIRE)–Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic alternatives for its remaining operations