The latest oil and gas news from around the world.
Updated: 38 min 26 sec ago
USA Crude Oil Inventories Rise Almost 3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 426.9 million barrels on November 21, the EIA's latest weekly petroleum status report showed.
USA LNG Exports at Record High
U.S. liquefied natural gas exports are set to hit a record high this month.
CME Futures Outage Disrupts Trading
Trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault.
Commodity Futures Trading Stopped After Glitch
Trading of futures and options on the Chicago Mercantile Exchange stopped for several hours due to a data center fault.
Lotte and Hyundai to Merge Some Petrochem Units
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities.
Romania Ready to Impose Oversight of Cos Hit by International Sanctions
Romania will set up a mechanism to place companies at risk of being hit by international sanctions under special oversight, such as the local unit of Russian state-owned Lukoil PJSC, a cabinet member said.
Ivory Coast Sees Oil and Gas Spurring Growth in Next 5 Years
The world's top cocoa producer pumped 44,000 barrels a day in 2024, according to the government.
Trump Issues EO to Launch DOE Led Genesis Mission
'Throughout history, from the Manhattan Project to the Apollo mission, our nation's brightest minds and industries have answered the call when their nation needed them', U.S. Energy Secretary Chris Wright said.
USA Data Center Electricity Demand Projected to Triple
The IEA described U.S. data center electricity demand as the closest proxy available for the energy consumption of artificial intelligence.
OEUK Says UK Budget Delivers 'Bitter Blow' to Workers
'This is not over. We will keep pressing for change', OEUK Chief Executive David Whitehouse said.
Currie Says AI Spending Frenzy Echoes Early Shale Days
The eye-popping amounts Big Tech is shelling out on artificial intelligence resembles shale's golden age of spending before a price crash wiped out $2.6 trillion in equity, Carlyle Group Inc.'s Jeff Currie says.
Oil Creeps Higher Alongside Global Equities
Oil crept higher alongside global equities, bouncing off a one-month low.
BlackRock Looks to Double Saudi Investments
BlackRock Inc. aims to rapidly grow its investments in Saudi Arabia and the wider Middle East in the next few years.
Saudi Aramco Is Said to Pick Citi for Oil Storage Terminals Stake Sale
Aramco has chosen Citigroup Inc. to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, according to people familiar with the matter.
Venture Global Signs 20 Year LNG Deal With Tokyo Gas
Venture Global Inc. signed an agreement with Tokyo Gas Co. to supply the utility with liquefied natural gas for 20 years.
Cheapest US Stations Drop Gas to Sub-$2 Ahead of Thanksgiving
'It's pretty compelling to see gas prices this low', Patrick De Haan, head of petroleum analysis at GasBuddy, said.
Rystad Warns 'Volatility Far from Over' for Energy Markets
Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, warned that 'volatility is far from over' for energy markets.
Strategists See Near 5MM Barrel WoW USA Crude Stock Rise
Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.9 million barrels for the week ending November 21.
Venezuela Taps Chevron for Feedstock After USA Blocks Ship
Venezuela is tapping Chevron Corp. for supplies of a key feedstock after a U.S. warship blocked the path of a Russian vessel near the country's coast.
Oil Closes the Day Near Month Low
Crude settled sharply lower as signs of Ukraine-Russia peace progress raised expectations for continued Russian supply.
