UAE says OPEC exit not directed against any country
OPEC+ agrees to increase daily oil production by 188,000 barrels from June following UAE's withdrawal, though the move remains largely symbolic as Iran's Strait of Hormuz blockade disrupts maritime transportation for major producers including Saudi Arabia, Kuwait, and Iraq.
Major fire at Australian refinery hits petrol output amid Iran war
A fire broke out at Viva Energy Group's refinery in southern Australia, the largest of the country's two oil refineries that also supplies over 50% of Victoria's and 10% of Australia's fuel, amid shortage fears fueled by the Iran war. #News #Reuters #Newsfeed #iranwar #australia #oilproduction #energysecurity #energy Read the story here: π Subscribe: Keep up with the latest news from around the world:β¦
https://fllics.com/en/video/major-fire-at-australian-refinery-hits-petrol-output-amid-iran-war/
A fire broke out at Viva Energy Group's refinery in southern Australia, the largest of the country's two oil refineries that also supplies over 50% of Victoria's and 10% of Australia's fuel, amid shortage fears fueled by the Iran war. #News #Reuters #Newsfeed #iranwar #australia #oilproduction #ener
The Nigerian National Petroleum Company (#NNPC) Limited has commenced export of its new crude grade β Cawthorne, marking a significant milestone in the Companyβs drive to increase Nigeriaβs crude oil production
https://dmarketforces.com/nnpc-launches-cawthorne-exports-first-cargo-to-netherlands/
Energy analyst warns temporary Hormuz Strait reopening unlikely to restore oil and LNG production despite US-Iran ceasefire, citing need for sustained peace and projecting long-term supply reduction of 3-5 million barrels daily compared to pre-war levels
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