Industry News

Crude gained as the Saudi East-West pipeline closure heightened fears of tighter global supplies.

The transaction with creditors, processed under UK law, allowed the New York City-based integrated gas-to-power company to extinguish around $5.7 billion in debt by separating its Brazilian operations into two enterprises, one ceded to creditors.

The Malaysian state-owned company agreed to supply Metlen with liquefied natural gas to be sold by the Greek company at home and in neighboring countries.

Venezuela crude exports hit around 1.15 million barrels per day back in April, Wood Mackenzie revealed.

Ukraine's state-owned Naftogaz and Kino Aski LNG signed a memorandum of understanding for potential long-term supply of liquefied natural gas to Europe from the proposed Canadian project.

Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week.

The U.S. Energy Information Administration revealed in its latest short term energy outlook that it sees the 2026 Brent spot price averaging $91.01 per barrel this year.

Paris-based Hy24 expects the Germany-Czechia gas pipeline to be fully converted to transport hydrogen by 2030.

Brent crude spiked to $108.49 per barrel at the Asian opening, Saxo Bank highlighted.

'Mr Zelenskyy has to do one thing: he has to stop knocking out diesel fuel in Russia', Trump said.

The Estuary Cluster 'is expected to unlock stranded marginal oil resources through a technology-led development concept centered on a novel shallow-water subsea development approach', Petronas said.

TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.

Oil posted a strong weekly gain as Middle East conflict and mounting supply risks kept markets on edge.

Drones are now hitting secondary-processing units at Russia's refineries, which may require six to eight months to replace, according to IEA estimates.

Shell agreed to acquire a 169-megawatt natural gas-fired power plant in Pennsylvania, while selling a 609-MW combined-cycle gas power plant in New England.

Crude oil stocks, not including the SPR, stood at 424.1 million barrels on September 4, the EIA's latest weekly petroleum status report showed.

The Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.

The International Energy Agency cut forecasts for oil demand this year and warned consumption may decline further in the coming months.

'It is a level diesel has never reached', GasBuddy said.

What if the assumptions embedded in the oil curve are wrong - J.P. Morgan analysts, including Natasha Kaneva, J.P. Morgan's Head of Global Commodities Strategy, ask.