Saudi Pipeline Outage Exposes Limits of Supply Optionality
The damage to Saudi Arabia's East-West pipeline 'exposes [the] limits of supply optionality', Emily Ashford, Standard Chartered Bank Energy Research Head, outlined.
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SOCAR Enters Africa
'The acquisition marks SOCAR's entry into Africa's upstream sector and underscores the company's long-term strategy to expand its global upstream footprint', the State Oil Company of the Azerbaijani Republic said.
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Winter is Coming for Diesel
A new analysis by the S&P Global Energy Fuels and Refining team warned that 'winter is coming for diesel'.
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OMV Confirms Viability of Libyan Oil Discovery
OMV declared the 'Essar' discovery in Libya's Sirte Basin commercially viable, with total recoverable oil of up to 45 million barrels.
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India Pushes Back as US Readies New Russian Oil Sanctions
India warned a U.S. bill allowing President Donald Trump to impose tariffs of as much as 100 percent on top buyers of Russian oil could hurt ties between New Delhi and Washington and disrupt global energy markets.
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Japan Refiners Rush for Mideast Oil
Japanese refiners have stepped up purchases of Middle Eastern oil.
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Oil Falls as Saudi Supply Outlook Improves
Crude futures fell as Saudi and Libyan supply disruptions showed signs of easing.
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Kimmeridge, Mubadala to Nearly Double Commonwealth LNG Capacity
Caturus, the joint venture of Kimmeridge and Mubadala, plans to add five liquefaction trains with a combined capacity of 7.75 million metric tons per annum to the Commonwealth LNG export project in Louisiana.
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EIA Now Sees Bigger Oil Crunch in 2026, Glut in 2027
The EIA predicted a bigger oil market crunch in 2026 and a bigger oil glut in 2027 in its latest STEO, compared to its previous August STEO.
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USCG, FBI Conduct Cyberattack Probes on Oil Tankers
The U.S. is investigating potential cyberattacks on oil and gas tankers.