The Nigerian Upstream Regulatory Commission (NUPRC) says the Federal Government has reduced the cost of the signature bonus from about $100 million to $10 million in its bid to achieve oil production...
https://dmarketforces.com/nigeria-cuts-signature-bonus-on-oil-to-10m-targets-2-5-mbpd/
WTI crude closed nearly flat as OPEC+ agreed to a smaller-than-expected output hike, but persistent concerns over long-term oversupply capped gains, with the EIA projecting record U.S. production and rising global inventories.
#YonhapInfomax #WTICrude #OPECPlus #OilProduction #EIA #SaudiArabia #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84791
The eight members of the Organisation of Petroleum Exporting Countries and allies (OPEC+) group, comprising Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to increase...
https://dmarketforces.com/opec-to-raise-output-by-137000-bpd-in-november/
"The #grassroots are partners, not enemies….Protect Monterey County first successfully fought for the right of local communities to make decisions about oil production….What began as a Central Coast effort has codified the rights of all Californians to protect the health and welfare of their neighborhoods, and create the climate progress we need.”—California Assemblymember Dawn Addis, reporting on Climate Week NYC. https://www.montereycountynow.com/opinion/forum/from-sacramento-to-manhattan-a-local-california-assemblymember-reports-back-from-climate-week/article_8d57308c-4d11-4418-8297-e303b1c44112.html#tncms-source=mosaic
ICYMI, some history of Protect #Monterey County: https://bikemonterey.org/risky-oil-operations-in-monterey-county.html. Photo of Dennis Banks on Salinas River Beach, 9 years ago today, 3 October 2016.
#GrassrootsVolunteers #PeoplePower #PowerToThePeople #AIM #Indigenous #NativeAmericans #AmericanIndians #MontereyBay #SalinasRiverBeach #BigOil #WaterPollution #OilProduction #CleanWater #FossilFuels #SalinasValley #ClimateAction #ClimateCrisis #ForTheFuture #ClimateHope
Kazakhstan Oil Output Projected to Reach 100 Million Tons Annually
WTI crude prices fell nearly 1% as US crude inventories rose more than expected and major producers discussed further output increases, intensifying supply concerns and dampening investor sentiment.
#YonhapInfomax #WTICrude #CrudeInventories #OPEC #OilProduction #PriceDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84449
Forget OPEC Warnings The Real Oil Shock Is Happening Inside Russia
While the world is watching the UN General Assembly discussions on Gaza-Israel, hybrid warfare in Europe (drones) and…
#NewsBeep #News #Headlines #gasinfrastructure #Oilmarket #oilproduction #oilrefineries #Russia #World
https://www.newsbeep.com/148827/
Wednesday, September 24, 2025
Estonia open to hosting UK's nuclear-capable F-35 jets, minister says after Russian incursion -- "We'll leave you to rot:" UN report details horrific torture of Ukrainian civilians in Russian captivity -- Ukrainian drone attacks on oil refineries drop Russian diesel exports to 5-year low, FT reports -- Is NATO already at war with Russia? It depends who you ask ... and morehttps://activitypub.writeworks.uk/2025/09/wednesday-september-24-2025/
Oil prices surged 2% as Ukrainian drone strikes on Russian refineries prompted Russia to cut output, intensifying global supply concerns and driving WTI higher.
#YonhapInfomax #WTI #Transneft #OilProduction #UkraineStrike #GoldmanSachs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82012
Hyundai Engineering & Construction Co. secured a $3 billion seawater treatment plant contract in Iraq, aiming to boost its presence in the Middle East energy sector through collaboration with global oil majors.
#YonhapInfomax #HyundaiEngineeringConstruction #Iraq #SeawaterPlant #OilProduction #TotalEnergies #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81661
Total wins new exploration permit as Congo seeks to ramp up oil production http://newsfeed.facilit8.network/TMpZkT #Congo #OilProduction #TotalEnergies #QatarEnergy #ExplorationPermit
The Nigerian National Petroleum Company Limited (NNPCL) says it is attaining close to 100 per cent crude oil production capacity following strengthened collaboration with security and intelligence agencies.
https://dmarketforces.com/nigeria-nears-100-oil-production-bayo-ojulari/
The healthiest olive oil to enjoy while cooking, dipping and drizzling
Oils and fats — they get a lot of press. Sometimes good, sometimes bad. But that doesn’t help clear up the confusion surrou…
#dining #cooking #diet #food #MediterraneanOliveOil #OliveOil #bestoliveoils #ExtraVirginOliveOil #healthbenefits #Mediterranean #oilproduction #Olive #oliveoils #olivepomaceoil #TampaBayRays
https://www.diningandcooking.com/2247430/the-healthiest-olive-oil-to-enjoy-while-cooking-dipping-and-drizzling/
The healthiest olive oil to enjoy while cooking, dipping and drizzling
Oils and fats — they get a lot of press. Sometimes good, sometimes bad…
#dining #cooking #diet #food #mediterranean #MediterraneanDiet #MediterraneanFood #MediterraneanOliveOil #OliveOil #bestoliveoils #ExtraVirginOliveOil #healthbenefits #Mediterranean #oilproduction #Olive #oliveoils #olivepomaceoil #TampaBayRays
https://www.diningandcooking.com/2247430/the-healthiest-olive-oil-to-enjoy-while-cooking-dipping-and-drizzling/
Renaissance Africa Energy Company Ltd. says it is on track to hit a production target of 300,000 barrels per day (bpd) by January 2026, following recent operational gains and facility upgrades.
https://dmarketforces.com/renaissance-energy-targets-300000-bpd-oil-production-by-january/
Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared to the previous month, reaching 27.54 million bpd, according to the group’s latest Monthly Oil Market Report.
https://dmarketforces.com/opec-increases-crude-oil-production-by-263000-bpd/
The 3 Countries That Supply The Most Olive Oil In The World
Olive oil is having a moment in the U.S. Access to good olive oil brands in grocery stores has skyrocketed. According to Olive Oil Times, Ame…
#dining #cooking #diet #food #Italianoliveoil #Italia #Italian #Italianolive #italianoliveoil #italiano #italy #oilproduction #Olive #OliveOil #Oliveoilproduction #olivevarietals #Spanisholive
https://www.diningandcooking.com/2218098/the-3-countries-that-supply-the-most-olive-oil-in-the-world-3/
OPEC+ will increase daily crude oil output by 547,000 barrels from September, effectively ending most production cuts as market fundamentals improve and global economic outlook stabilizes.
#YonhapInfomax #OPECPlus #OilProduction #ProductionCut #SaudiArabia #MarketStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75306
Chevron In Caracas: Trump’s Strategic Swerve Amid Neo-Monroeist Rhetoric
Chevron In Caracas: Trump’s Strategic Swerve Amid Neo-Monroeist Rhetoric
By Uriel Araujo
Chevron’s return to Venezuela under Trump marks a striking policy reversal: it is all about inflation, oil prices, and US rivalry with China. The move comes amid rising domestic pressures and geopolitical manoeuvring. Washington’s stance toward Caracas now looks less ideological — and more pragmatic, albeit lacking a clear strategy.
In a somewhat striking (and underreported) reversal, the Trump administration has authorized Chevron to resume oil operations in Venezuela, granting a six-month license to extract and export crude to the United States. This comes just months after Trump had revoked the company’s license in February, citing electoral irregularities and failed promises on migrant repatriation. The decision thus marks a notable shift in Washington’s traditionally hostile posture toward Caracas.
US-Venezuela relations have indeed long been defined by sanctions, diplomatic standoffs, and ideological confrontations. Trump’s first term saw the recognition of opposition leader Juan Guaidó and a “maximum pressure” campaign that quite effectively strangled Venezuela’s oil output to some extent. Thus far, the Biden interregnum had offered only temporary respite, and Trump’s return to power brought back neo-Monroeist rhetoric to the Americas — complete with tariff (and even “annexation”) threats against Mexico, Brazil, Colombia, Panama, and, one may recall, even Canada.
Why, then, make an “exception”, so to speak, for Venezuela? Why is Chevron suddenly welcome back in Bolivarian territory, with Washington’s blessings?
Well, oil prices and domestic economic imperatives must be taken into consideration. As I noted, in July 2024, any escalation in the Iran-Israel conflict could send gas prices soaring, thereby undermining Trump’s economic credibility and crashing markets. That escalation, thus far, has not materialized — Iran’s retaliation to US strikes last month was restrained, and Tel Aviv has not pursued overt escalation after taking a heavy blow under Iranian missiles.
Yet even without a Middle Eastern full blow-up, oil remains a pressure point. After the February revocation of Chevron’s license, crude prices rose by nearly 2%. Inflation continues to hover above target, and any relief for US consumers and for “MAGA” — particularly heading into the 2026 midterms — is very welcome.
I’ve noted elsewhere how much the incumbent American President is dealing with domestic turmoil, while now also facing a political crisis amid the Epstein scandal; all of that further intertwines domestic and foreign policy.
In any case, Venezuela’s heavy crude is uniquely suited for US Gulf Coast refineries. Its output to Chevron alone may reach up to 220,000 barrels per day — roughly 3.5% of US imports. No wonder Washington would rather siphon oil from a manageable adversary than allow inflation to erode its domestic standing.
But oil prices alone do not explain the full picture. A more underreported — and arguably more strategic — motivation lies in countering Chinese influence. As I’ve recently written, Venezuela has become a quiet but critical node in Beijing’s energy belt. As oil analyst Antonio de la Cruz puts it, “it’s not about Caracas… it’s about Beijing.”
With over half a million barrels per day flowing to China under opaque contracts, US sanctions have become increasingly toothless. Chevron’s return is thus a surgical manoeuvre to reassert US presence and try to prevent China from “monopolizing” Venezuela’s reserves — which, suffice to say, are among the largest in the world.
This aligns with what some have called a “tightrope act”: re-engaging Venezuela without legitimizing Maduro, thereby preserving strategic leverage in the Caribbean. In this light, Chevron is less an oil company than a geopolitical instrument.
Not everyone buys the high-strategy explanation, for sure. Some view the decision as a by-product of corporate lobbying and debt recovery, pure and simple. After all, Chevron spent over $9 million with lobbying in 2024 alone, and still seeks to recover at least $1.7 billion of Venezuela’s unpaid debts. With Washington, it is always a bit of both.
The new license is structured under “external profit control” — ostensibly to “keep Maduro at bay” — but critics contend that this is window dressing. No wonder some suggest that Chevron, not the State Department, is setting the policy tone in Caracas.
In any case, diplomatic gestures have also played a role. A recent prisoner exchange — ten Americans for 252 Venezuelans — softened bilateral tensions somewhat. Though underreported, this development (which was being quietly discussed for some time) arguably created space for economic détente, at least in limited form.
Yet internal contradictions abound. Hardliners like Secretary of State Marco Rubio have reportedly voiced concerns about re-engaging Maduro, fearing that any deal — no matter how conditional — may embolden “Chavismo”. I’ve written before about Trump’s emboldened neo-Monroeism and its focus on Latin America. The administration thus walks a narrow line between realpolitik and ideological consistency.
In conclusion, Trump’s Venezuela manoeuvre is a case study in hyper-pragmatism. It reveals a foreign policy often driven by domestic cost-benefit calculations, corporate influence, and geopolitical hedging — rather than any coherent doctrine. Whether this move stabilizes fuel prices or merely enriches a few players remains to be seen. Be it as it may, Trump’s often unpredictable foreign policy remains erratic, improvisational, and at times strategically opaque.
Uriel Araujo, Anthropology PhD, is a social scientist specializing in ethnic and religious conflicts, with extensive research on geopolitical dynamics and cultural interactions.
Disclaimer: The views expressed in this article are author’s own and do not necessarily reflect the editorial policy of Voice of East.
