Industry News

Analysts at Rystad Energy and Skandinaviska Enskilda Banken AB have examined the U.S. administration's latest measures against Iran.

Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.

Crude prices declined as traders weighed new US sanctions pressure on Tehran.

China's oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation's top refiner.

Tunneling for the 2.2-kilometer Grain to Tilbury high-voltage cable tunnel beneath southern England's primary river surpassed the halfway point.

The acquisition of the Greater Meridian CSG project 'converts a long-standing contracted supply relationship into GLNG equity production, consistent with Santos' strategy to backfill and sustain GLNG with owned production', Santos said.

'I am deeply honored', said the RRC's new Chairman.

Iran said it discovered more than 7.5 trillion cubic feet of natural gas.

The Emirati state-owned renewables company began commercial operations at a 35-megawatt battery energy storage system in Rochdale, England, its second start-up toward a target of three-gigawatt-hour BESS capacity across the UK.

The U.S. Energy Information Administration edged its U.S. total energy consumption projection down for 2026 and up for 2027.

Equinor signed a 15-year agreement with Uniper to supply over 30 terawatt hours a year of natural gas to Germany.

Brent crude has seen another volatile month of trading, analysts at BMI highlighted.

Iran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran and its trading partners.

The Spring, Texas-based supermajor is seeking to invest billions of dollars in a new oil project at the nation's Kashagan development, a step that would help to cushion a slide in production at Tengiz, its top deposit.

U.S. refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most.

Crude extended its rally as Asian demand strengthened while the Iran conflict continued to constrain global supplies.

'It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory', Masoud Pezeshkian said, according to the semi-official Iranian Students' News Agency.

The Justice Department claimed 'a significant victory for President Trump's efforts to unleash American energy'.

The Styrke union warned of an immediate strike should negotiations with the Federation of Norwegian Aviation Industries do not result in an agreement.

Buru said it plans to build a mini-refinery to supply the Kimberley region as part of a new sales model for the remaining volumes in the Ungani field in the Canning Basin.