A federal judge in Rio de Janeiro has issued a preliminary injunction, suspending Brazil's 12% crude oil export tax for five international companies including Shell and TotalEnergies.

The Central Bank of Nigeria (CBN) has announced the removal of the cash pool requirement for export proceeds of International Oil Companies (IOCs), as conveyed in a circular from the Director of Trade and Exchange.

Repsol has stated that Venezuela owes the company $5.4 billion, though recovering these funds is not currently a top priority.

The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can now repatriate 100% of their export proceeds, a move aimed at boosting forex liquidity and market stability.