Oil Rises as Iran Talks Are Delayed
Oil prices rose as delayed US-Iran negotiations and slower tanker traffic through Hormuz renewed supply concerns.
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Iran Delays Permanent Peace Talks after Lebanon Clashes
Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon.
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Vitol Supplies Emergency Fuel to Zambia in IMF-Opposed Deal
Vitol is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end.
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Venture Global Bags New LNG Supply Contract from EnBW
Venture Global executed new agreements to supply about 0.82 million metric tons per annum of U.S. liquefied natural gas for 5 years to Germany's EnBW.
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Energy Transfer to Expand Texas NGL Export Terminal
'The project will increase ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity'.
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Var Energi to Proceed with Balder Next Project
Expected to begin production 2027, the Jotun FPSO tieback project will develop 86 million barrels of oil equivalent gross proven and probable reserves.
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EIA Raises USA Oil Production Forecast for 2026, 2027
The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 and 2027 in its latest short term energy outlook.
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Repsol Wins New Deal to Widen Presence in Venezuela
Repsol signed a new deal with Venezuela's Hydrocarbons Ministry and state-owned PdVSA 'to assess the potential development' of a new area southeast of Lake Maracaibo and near the Spanish company's existing portfolio in the South American country.
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OPEC Sees Sustained Oil Demand as Policy Prioritizes Energy Security
'The increased focus on energy security and energy affordability has shifted the energy policy landscape across the globe'.
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Nuclear Talks Delayed as Clashes Resume in Lebanon
The U.S. and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic's nuclear program.