Tag: oil production
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Trump pressures Venezuela to sever ties with China and Russia to secure oil partnership
Exclusive: Trump administration sets conditions for Venezuela oil revival The Trump administration has laid out a bold set of prerequisites for Venezuela to regain access to its oil production, with an explicit demand that Caracas expel its current foreign partners and align its energy policy with Washington’s goals. According to three people familiar with the…
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Exclusive: Trump Pushes Venezuela to Ditch China and Russia for Oil Alliance with US
Exclusive Report: A Roadmap for Venezuela’s Oil Future An exclusive briefing reveals a set of hardline conditions the Trump administration has reportedly presented to Venezuela’s interim leadership. According to three insiders familiar with the administration’s strategy, Washington seeks to reshape Venezuela’s oil partnerships by pushing Caracas to sever ties with strategic allies and align its…
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Libya’s Hidden Oil Price: The Licensing Round That Could Redefine North Africa’s Energy Landscape
Introduction: A Quiet Revolution in Libyan Oil Libya is quietly positioning itself for a major shift in its oil landscape. With more than 40 companies indicating interest in the country’s first oil field licensing round since the 2011 upheaval, the National Oil Corporation (NOC) is signaling confidence that production could climb toward ambitious targets. As…
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Libya Oil Licensing Round: What’s Not Being Priced In
Libya’s Historic Licensing Round Heads Toward the Front Lines of Global Energy Libya is again at the center of the oil market’s attention. With more than 40 companies registering interest in its first oil field licensing round since the 2011 upheaval, the National Oil Corporation (NOC) is signaling that the country’s post-war redrawing of its…
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Venezuela Oil Supply Set to Rise, Potentially Keeping Global Prices Lower, Analysts Say
Overview: A Softening in Global Oil Markets Ahead Analysts say Venezuela’s oil production is likely to increase in the coming years, despite the country’s political turmoil and sanctions. The anticipated rise could widen global crude supply and place downward pressure on prices over the medium term, depending on how quickly the country can resume and…
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Venezuela’s oil supply to rise, pressuring prices, analysts say
Introduction: A coming shift in global oil balances Analysts are increasingly confident that Venezuela’s oil production will rebound in the coming years. In the wake of recent geopolitical turmoil and strategic moves by global actors, the country’s crude output is expected to creep higher, potentially broadening global supply and putting gradual downward pressure on benchmark…
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Trump’s Bid for Venezuela’s Oil: Will the Plan Survive in Practice?
Overview: A bold gambit with high stakes When a political figure pivots to a country’s natural resources, the goal is simple on the surface: seize control of a vital asset and reshape both the economy and geopolitical alignments. President Donald Trump’s stated intention to access Venezuela’s oil supply, in the context of a wider move…
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Trump’s Bid for Venezuela’s Oil: Will the Plan Work?
Executive summary: A bold but risky strategy In recent statements, former President Donald Trump signaled a renewed interest in tapping Venezuela’s vast oil reserves after taking steps to seize leadership and steer a new course for the country. The idea—using Venezuelan oil as a lever to reshape energy markets and bring a rapid transition to…
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Achieving 1.8mbpd by 2026: Ojulari outlines Nigeria’s oil roadmap
Nigeria’s oil ambition gains traction Nigeria’s energy leadership is signaling renewed confidence in a higher oil output trajectory. Bashir Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), has asserted that an oil production benchmark of 1.8 million barrels per day (mbpd) by 2026 is achievable. This projection sits at…
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Nigerian Oil Outlook: 1.8 mbpd Benchmark for 2026 Within Reach, Ojulari Says
Overview: Gearing Up for a 1.8 mbpd Benchmark by 2026 In a notable briefing, Bashir Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, outlined an optimistic trajectory for Nigeria’s oil industry. He asserted that a benchmark of 1.8 million barrels per day (mbpd) for oil output by 2026…