The latest oil and gas news from around the world.
Updated: 58 min 27 sec ago
Oil Slides on Saudi Supply Relief
Crude prices declined as improving Saudi supply flows eased fears of further shortages.
USA Guts Auto Mileage Rules
The Trump administration finalized a significant weakening of federal fuel economy standards for automobiles.
EIA USA Demand Forecast Raised for 2026, Dropped for 2027
The EIA now sees U.S. total energy consumption coming in at 95.84 quadrillion British thermal units (qBtu) this year and 96.77 qBtu in 2027.
Shell Greenlights Project to Double LNG Canada Capacity
'Phase 2 supports Shell's strategic objective to be the world's leading integrated gas and LNG business by connecting Canadian resources with Shell's global LNG portfolio, trading capability and customer reach'.
Oman to Boost Oil Storage
Oman plans to more than double oil storage capacity at a port outside the Strait of Hormuz.
Perenco Signs Preliminary Agreement to Electrify Production offshore Brazil
Perenco signed a letter of intent with Porto do Acu for what it says is the first offshore platform electrification project in Brazil's Campos Basin.
Uniper Agrees Major SAF Offtake with Arcadia
Uniper agreed to buy 40,000 metric tons of electro-sustainable aviation fuel from Arcadia eFuels' Project Endor in Denmark.
Texas Oil Regulator Urges Operators to Report Theft
Texas Railroad Commissioner Wayne Christian has urged oilfield operators to report theft, a statement posted on the Texas Railroad Commission's (RRC) website recently highlighted.
SOCAR Expands International Partnerships
The State Oil Company of the Azerbaijani Republic signed several collaboration agreements with international companies including ExxonMobil at the Azerbaijan International Investment Forum.
Oil Risk Premium Is Becoming Structural
Standard Chartered Bank Energy Research Head Emily Ashford outlined that there will be no return to normal for the oil market.
Court Pauses $16B Dangote Refinery Project in Kenya
A Kenyan court ordered construction to be paused on Aliko Dangote's $16 billion oil refinery in the East African nation, after a group of petitioners filed a case opposing the project.
Oil Execs Flocking to VEN Set Off Hunt for Golf Clubs
Dozens of executives teed up at the lush Caracas Country Club for a golf tournament Monday.
Oil Edges Higher as Supply Tightens
Oil rose modestly as traders weighed tight supplies against progress toward reopening Hormuz.
North America Adds 15 Rigs WoW, BH Count Shows
North America added 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Eni Wins New Block offshore Indonesia
'The acreage is adjacent to Eni's existing operated and participated blocks and close to the future North Hub developments'.
Saudi Arabia Restores Key Pipeline to Half Its Capacity
Saudi Arabia has restored about half the flows through its cross-country oil pipeline bypassing the Strait of Hormuz.
Saudi Arabia's Key Oil Pipeline Starts Exports
The pipeline has a total capacity of about seven million a day, with about five million typically earmarked for exports.
PTTEP Approves Bussabong Gas Project
State-owned PTTEP expects to start production 2028 to help meet Thailand's growing energy demand.
Chevron, ExxonMobil Agree Potential Crude Supply to Vietnam
State-owned PVN said its agreement with Chevron could also secure liquefied natural gas and liquefied petroleum gas for Vietnam.
Energy Groups Urge Trump to Reject Fuel Export Restrictions
AFPM announced that more than 30 U.S. business, energy, and manufacturing groups from around the country have issued a letter to U.S. President Donald Trump.
