Russia has lowered its gas production and export forecasts while raising oil export projections for 2025, as the fallout from the war in Ukraine and strained relations with the West continue to weigh on its energy sector

All production from any new future developments in Argentina’s Vaca Muerta shale basin will be directed to exports, the CEO of state-controlled oil company YPF said

Russian Deputy Prime Minister Alexander Novak announced that Russia is ready to supply China with an additional 2.5 million tons of oil per year via Kazakhstan

Daily shipments of Russian crude oil from its western ports are expected to increase by about 100,000 barrels per day (bpd) to 1.97 million bpd in April compared to March

The Argentine state oil company YPF said it closed 2024 with solid results. Adjusted EBITDA (earnings before taxes) grew by 15%, totaling $4.654 billionc

According to official sources, crude oil, gas, and other energy products exported in the first month of the year accounted for 14.9% of Argentina’s total exports in January

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers

Argentina consolidated a surplus in its energy trade balance last November, driven by a significant increase in hydrocarbon exports and a drop in fuel imports, according to official sources

U.S. President-elect Donald Trump said that the European Union, already the biggest buyer of U.S. energy, should step up U.S. oil and gas imports or face tariffs on the bloc’s exports

The goal is to reach an agreement for the countries involved in this framework to commit to ensuring that their export credit agencies stop providing subsidies for overseas oil and gas projects