March 2025

Brent fell 5 cents to $70.9 a barrel, WTI shed 10 cents to $67.58 a barrel.

Furthermore, the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as agreed under the 53rd JMMC meeting on April 3, 2024. T

According to Iran’s oil ministry, Qatar has already implemented pressure enhancement schemes, boosting production on Qatar’s side of the field (called North Dome).

In October 2023, the board of directors of Orano approved an investment of about EUR1.7 billion to raise the production capacity of the plant. The decision followed requests from some US and European customers who are seeking alternatives to Russian sources of supply.

The Sunbird concept is for the fusion-powered 'tugs' to be permanently based in space, able to dock on to spacecraft and propel them at high speed over vast distances. Pulsar Fusion says it foresees a compact nuclear fusion engine providing both thrust and electrical power for spacecraft, including as much as 2 MW of power on arrival at a destination.

The Boca de Jaruco field produces extra-viscous, extra-heavy oil (natural bitumen) from carbonate deposits using thermal steam methods. Zarubezhneft has quadrupled its annual production over the past five years, while the stock of production wells has remained unchanged at seven wells.

OIL Markets have been experiencing dehorning by the bears with the benchmark BRENT trading at $69.45/bbl and WTI Crude trading at $66.12/bbl. We have seen a short squeeze on Natural Gas to $4.34/mmBtu pricing as plays within the COTs Reports have had sluggish skewness pushing prices higher currently at $4.50/mmBtu.Tread cautiously as this is thin ice.

Основной темой встречи стало сотрудничество в нефтяной, газовой, угольной, электроэнергетической и атомной отраслях. Было отмечено, что взаимодействие в энергетической сфере является стратегическим направлением сотрудничества между Россией и Турцией.

Стороны обсудили вопросы сотрудничества в торгово-экономической сфере, энергетике, промышленности, транспорте, сельском хозяйстве, здравоохранении, науке и образовании, культуре и спорте.

While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.