Oil

Japan's largest oil refiner, Eneos Holdings, plans to expand its team for oil-derivative trading at overseas offices including Singapore. This initiative aims to boost its presence in major trading hubs amid high volatility in oil markets at the start of the year.

February 03, 2026 Reported by AI

Nigeria’s economic outlook gains support from rising global oil prices and stronger foreign exchange inflows, which are boosting the naira.

Residents in Nigeria's Niger Delta are raising concerns about public health risks and environmental harm from oil theft and spillage.

January 22, 2026 Reported by AI

GeoPark reported an average annual production of 28,233 barrels of oil equivalent per day (boepd) in 2025, exceeding its guidance range of 26,000 to 28,000 boepd. In the fourth quarter, production reached 28,351 boepd, driven by optimizations and key divestitures. The company operated six drilling rigs and completed 16 wells over the year.

Former prime minister Carl Bildt testified in the Lundin Oil trial at Stockholm District Court about the company's operations in Sudan. He described the company as a positive force in a complicated conflict zone and questioned reports of abuses. The indictment concerns suspected complicity in war crimes from 1999 to 2003.

January 13, 2026 Reported by AI

JP Morgan released its first report of the year on global markets strategies, highlighting a potential rebound in Venezuelan oil supply to 1.2 million barrels per day in coming months. For Colombia, it forecasts 2.8% GDP growth this year and 6.1% inflation by year-end. The report also covers geopolitical tensions and the US labor market.