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Top Oil Price News

Ukraine War · Abu DhabiUkraine has agreed to the core elements of a peace proposal brokered by the Trump administration, with some details still to be worked out, a U.S. official confirmed to NewsNation’s Kellie Meyer.See the Story
Ukraine agrees to ‘core terms’ of US-led peace deal: Report
39% Center coverage: 151 sources

Oil and Gas Sector · WilmingtonDelaware judge Leonard Stark has approved Elliott Management’s bid for Citgo, the U.S. refining arm of Venezuela’s PDVSA. Parties involved have until Monday to agree on a sale order—including Venezuela. “The Amber Bid offers the best overall combination of price and certainty of closing of any bid submitted,” Judge Stark wrote, as cited by Reuters. Amber Energy, an affiliate of the activist investor fund, emerged as a frontrunner in the Citgo au…See the Story
Court Approves Elliott Bid for Citgo
66% Center coverage: 18 sources

Business · NigeriaNigeria’s state oil company, the Nigerian National Petroleum Company (NNPC), has reported it posted a net profit of 5.4 trillion naira ($3.6 billion) in 2024, good for a 64% jump from a year earlier as the pivotal industry continues to make a comeback. “The earnings highlight the positive momentum of our ongoing transformation and the unwavering commitment of our workforce,” Bashir Bayo Ojulari, NNPC Group Chief Executive, told analysts. Nigeria…See the Story
Nigeria’s National Oil Company Records 64% Jump In Profits To $3.6B
75% Center coverage: 4 sources