July 1, 2025

Is Venezuela about to lose Citgo, its most prized foreign asset?

July 1, 2025

(Investing.com)– HOUSTON -A U.S. court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising creditors’ hopes of receiving payment for some of Venezuela’s outstanding debt. The court-organized auction for the seventh-largest U.S. refiner stems from an eight-year-old case that Canadian

YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans

July 1, 2025

(Investing) – BUENOS AIRES -A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its

OPEC tensions build as Kazakhstan’s oil production hits all-time high

July 1, 2025

(Oil Price)– Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the group’s core members—especially Saudi Arabia. Total

ADNOC Drilling secures five-year, $800 million contract for oilfield services

July 1, 2025

(World Oil)– ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services

Europe drives LNG import growth as Asia stumbles on higher price: Russell

July 1, 2025

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to

Oil prices bounce off recent lows; OPEC+ output hike, U.S. trade deals in focus

July 1, 2025

(Investing) – Oil prices edged higher Tuesday, bouncing off three-week lows with traders awaiting more news on potential trade deals ahead of the latest OPEC+ output meeting. At 08:15 ET (12:15 GMT), Brent oil futures for September rose 0.7% to $67.18 a barrel, climbing from their lowest level since June 11, just before the onset of the Israel-Iran war, while West Texas Intermediate crude

Is Venezuela about to lose Citgo, its most prized foreign asset?

YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans

OPEC tensions build as Kazakhstan’s oil production hits all-time high

ADNOC Drilling secures five-year, $800 million contract for oilfield services

Europe drives LNG import growth as Asia stumbles on higher price: Russell

Oil prices bounce off recent lows; OPEC+ output hike, U.S. trade deals in focus

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