Industry News

Crude oil stocks, not including the SPR, stood at 411.4 million barrels on July 3, the EIA's latest weekly petroleum status report showed.

Jorge Leon, Head of Geopolitical Analysis at Rystad, noted that tanker traffic through the Strait of Hormuz had 'essentially stopped'.

U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.

'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.

Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.

Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.

Oil prices surged to two-week highs after renewed U.S. strikes on Iran and threats to disrupt shipping through the Strait of Hormuz.

The targeting of a Qatari tanker near the Strait of Hormuz has imperiled the Gulf state's role as one of the primary mediators.

How would the World Cup's remaining countries get on if they were only judged on their energy supply figures?

The Energy Department said its Reactor Pilot Program has exceeded Trump's goal to have at least three advanced nuclear reactor designs achieve 'criticality' by the U.S.' July 4 anniversary.

Sempra Infrastructure's liquefied natural gas project on Mexico's west coast exported its first shipment, according to ship-tracking data compiled by Bloomberg.

LNG Japan signed an agreement to supply over 30 petajoules of natural gas to power utility Alinta Energy through its 10 percent stake in the Scarborough field offshore Western Australia.

'The conditions that kept Henry Hub between $2 to $4 per MMBtu for the best part of a decade are no longer all operating at full force', said Kristy Kramer, Head of LNG Strategy and Market Development at Wood Mackenzie.

'To me, I think it's over', Trump said during a press meeting in Ankara.

Eni broke ground for a project to produce lithium-iron-phosphate batteries at the Brindisi industrial site in Italy, as well as announced an agreement to acquire a stake in a Chilean lithium project.

Equinor and its partners signed contracts worth around $613 million for four tieback projects in different stages of development offshore Norway.

The U.S. carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz.

Federal Reserve Bank of New York President John Williams said he expects falling energy prices to drive a drop in overall inflation over the next few months.

The US revoked a waiver allowing Iranian oil sales following shipping attacks that threatened the fragile ceasefire with Iran.

'The transaction is consistent with BP's continued focus on portfolio simplification and disciplined capital allocation'.