Rosneft’s Net Income Drops 70% in 9M 2025

• Sunday, 30th November 2025
• by Fatma Ahmed

Russian oil company Rosneft reported a 70.1% decline in net income during the first nine months of 2025, falling to RUB 277 billion, according to the company's financial results. During the same period in 2024, th ...

IEA Cut Oil Demand Expectations for 2025

• Wednesday, 16th April 2025
• by Fatma Ahmed

The International Energy Agency (IEA) announced that the global oil demand growth forecast for 2025 has been revised down to 730,000 bbl/d, decreasing by 300,000 bbl/d from the March report.

Nigeria’s Production Decline Due to the Shutdown of Onshore Operations

• Wednesday, 12th October 2022
• by Fatma Ahmed

Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.

 South Korea’s Oil Imports Decline 7.5% in December

• Sunday, 3rd January 2021
• by Fatma Ahmed

A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same ...

Nigeria’s Crude Oil Output Decreased to 1.6mb/d

• Tuesday, 11th April 2017
• by

Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March.

Yemen Oil Revenues in Sharp Decline

• Sunday, 22nd February 2015
• by Egypt Oil & Gas

The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.

Oil Extends Decline From 5 1/2-Year Low as Glut Persists

• Monday, 5th January 2015
• by Egypt Oil & Gas

Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.