crude oil exports
Coverage of crude oil exports in the Nexus archive.
- Aradel’s annual profit surges 192% as ND Western, Renaissance Africa’s acquisitions lift earnings
Aradel's annual profit surged 192% due to acquisitions of ND Western and Renaissance Africa, while revenue increased by 20.4% to ₦699.4 billion, driven by crude oil exports and refined product sales.
- Russia’s oil exports hit wartime high
Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.
- Oil Holds Gains as Traders Focus on Next Steps for Peace Talks
Oil prices maintain gains as traders monitor developments in peace talks. Venezuela asserts its crude oil exports remain unaffected by U.S. President Donald Trump's proposed blockade.