Industry News

Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter.

'The Tilbury Phase 2 LNG expansion has been prioritized by the province as part of BC's Look West strategy for jobs and prosperity', British Columbia's government said.

Amplitude Energy announced that one of its workers had passed away following a shark attack.

OMV Petrom said it had laid the foundations and installed the main processing equipment for a project to enable biofuel production at Romania's Petrobrazi refinery.

China's oil and gas demand outlook has weakened materially in 2026, analysts at BMI said.

Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months.

President Donald Trump's push to ban American diesel exports sent European prices for the fuel surging.

Brent rose nearly 4% as tight fuel supplies, Hormuz risks and diesel export concerns drove trading.

'The transaction supports Shell's efforts to actively shape its portfolio to ensure a resilient and increasingly competitive upstream business'.

The U.S. Energy Information Administration raised its U.S. crude oil production forecasts for both 2026 and 2027 in its latest short term energy outlook.

Naftogaz signed a memorandum of cooperation with MND for the Czech company's potential participation in Naftogaz's oil and gas development projects in Ukraine.

Imperial Oil Ltd came out against Alberta separatism.

'Once on stream, the Ima field will supply about one-third of the gas required for the ongoing Nigeria LNG Train 7 expansion project, which will increase the liquefaction plant capacity from 22 million tons per annum (Mtpa) to 30 Mtpa'.

The U.S.-Iran conflict has changed the definition of an available barrel, Ole Hvalbye, Partner at ABG Sundal Collier, told Rigzone.

Concurrently it launched a public consultation on minimum energy efficiency standards for data centers.

Macquarie strategists, including Thierry Wizman, Global FX and Rates Strategist at Macquarie Group, noted that this was a 'critical week for oil'.

Aliko Dangote, Africa's richest person, has hired the engineers that built his Lagos refinery to work on the new crude processing plant in Kenya that he is set to start constructing this month.

Oil slipped as Saudi Arabia moved to restart its East-West pipeline and traders weighed US-Iran diplomacy.

French President Emmanuel Macron called on European Commission President Ursula von der Leyen to relax rules on oil products like diesel and kerosene.

'Five projects will conduct field-scale enhanced geothermal systems tests to validate technologies under real-world conditions, while 16 additional projects will conduct exploration drilling'.