Iraq’s massive West Qurna 2, which provides 10% of the nation’s crude, has shifted operations after U.S. sanctions forced Russia’s Lukoil out. Now, Chevron is eyeing the field, but the American oil giant insists on more favorable terms before it fully commits.

Austrian businessman Bernd Bergmair, once the majority owner of Pornhub, is now pursuing Russian oil giant Lukoil’s sanctioned assets. This move comes after the U.S. Treasury authorized discussions with the company, despite the Trump administration’s earlier restrictions. Bergmair has shared little about his strategy, aside from calling Lukoil a “great investment.”

In a development referred to as “hostages released,” this energy report highlights shifting oil markets and industry players. From Brent and WTI Crude to major names like Lukoil and Saudi Aramco, the coverage focuses on key trends shaping today’s markets.