Industry News

North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Yuan-priced crude futures in China rallied to the highest level on record.

'As the first center of its kind in Southeast Asia, SEA METEC will support regional efforts to strengthen methane emissions measurement, monitoring, reporting and verification, technology research and development and capability building'.

There is a key question about how far we are from 'tank bottom', analysts at HSBC said.

The East-West Pipeline was subjected to multiple attacks and subsequently shut down, a statement posted on the official X page of Saudi Arabia's Ministry of Energy revealed.

The Australian company signed a preliminary agreement to supply liquefied natural gas to a South Korean industrial customer and another preliminary deal to offtake from the proposed Ksi Lisims LNG in Canada for the Asian market.

The U.S. president and his Ukrainian counterpart offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil refineries help drive diesel prices to record levels.

Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections.

Crude gained as the Saudi East-West pipeline closure heightened fears of tighter global supplies.

The transaction with creditors, processed under UK law, allowed the New York City-based integrated gas-to-power company to extinguish around $5.7 billion in debt by separating its Brazilian operations into two enterprises, one ceded to creditors.

The Malaysian state-owned company agreed to supply Metlen with liquefied natural gas to be sold by the Greek company at home and in neighboring countries.

Venezuela crude exports hit around 1.15 million barrels per day back in April, Wood Mackenzie revealed.

Ukraine's state-owned Naftogaz and Kino Aski LNG signed a memorandum of understanding for potential long-term supply of liquefied natural gas to Europe from the proposed Canadian project.

Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week.

The U.S. Energy Information Administration revealed in its latest short term energy outlook that it sees the 2026 Brent spot price averaging $91.01 per barrel this year.

Paris-based Hy24 expects the Germany-Czechia gas pipeline to be fully converted to transport hydrogen by 2030.

Brent crude spiked to $108.49 per barrel at the Asian opening, Saxo Bank highlighted.

'Mr Zelenskyy has to do one thing: he has to stop knocking out diesel fuel in Russia', Trump said.

The Estuary Cluster 'is expected to unlock stranded marginal oil resources through a technology-led development concept centered on a novel shallow-water subsea development approach', Petronas said.

TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.