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US considers naval blockade on Cuba amid oil supply tensions
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Reports indicate the Trump administration is weighing a naval blockade to halt oil imports to Cuba, prompting strong condemnations from Havana and international allies. Cuban officials have labeled the potential move a brutal act of aggression, while China and Russia voice support for the island nation.
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.
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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.
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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.
Entinen pääministeri Carl Bildt todisti Lundin Oil -oikeudenkäynnissä Tukholman käräjäoikeudessa yhtiön toiminnasta Sudanissa. Hän kuvaili yhtiötä positiiviseksi voimaksi monimutkaisessa konfliktialueessa ja kyseenalaisti väärinkäytösraportteja. Syyte koskee epäiltyä osallisuutta sotarikoksiin vuosilta 1999–2003.
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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.
SERAP sues NNPCL over missing ₦22.3bn, $49.7m oil money
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