Industry News

EBW Energy Analyst Eli Rubin said natural gas 'continues to decouple from the crude oil correlations that provided upside from the Iran war'.

Expected to go online 2028, the projects are designed to add up to 2 billion cubic feet a day of natural gas and 90,000 barrels per day of condensate to the Italian state-backed company's production capacity.

Kyiv agreed to restore flows to Hungary and Slovakia after EU senior officials told Ukraine the resumption would pave the way for the finalization of a EUR 90-billion loan and a fresh package of sanctions against Russia.

In an oil flash note sent to Rigzone late Tuesday, J.P. Morgan analysts flagged an oil price 'misalignment'.

China, the world's biggest crude importer, is close to tapping its vast commercial oil reserves as the Middle East war shows no signs of ending, according to FGE NexantECA.

Oil prices climbed as Middle East attacks intensified supply risks and disrupted key export routes.

Even major fossil fuel exporters aren't immune to a widening energy crunch.

The Arlington, Virginia-based developer also sealed $8.6 billion in financing for phase 2, which it expects to make the company the biggest exporter of U.S. LNG.

'Consumers continue to feel the sting of rising oil, gasoline, and diesel costs as geopolitical tensions in the Middle East remain elevated', Patrick De Haan, head of petroleum analysis at GasBuddy, said.

Hungarian Prime Minister Viktor Orban said he'll continue to block key European Union aid to Ukraine until flows of Russian oil via the Druzhba pipeline are fully restored.

This is the second announced startup under Monumental's agreement with New Zealand Energy to fund the latter's share of costs for the Waihapa-Ngaere campaign.

'In our forecast, the Henry Hub spot price averages almost $3.80 per million British thermal units in 2026', the EIA said.

JERA said it is refocusing its Australian LNG investment to Barossa, Scarborough and Wheatstone.

'It has been an extraordinary three weeks for the energy complex', Standard Chartered Bank Energy Research Head Emily Ashford said.

Quiluma, the Central African country's first non-associated gas project, is expected to ramp up production to up to 330 MMcfd by yearend.

Iran set a massive natural gas field in the UAE ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz.

Oil ended lower, but Brent still closed above $100 for a third straight session as Middle East supply risks remained elevated.

The war has brought shipping through the vital Strait of Hormuz to a near-halt.

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

DOE expects the restart, for which it invoked emergency powers, to replace nearly 1.5 million barrels of foreign crude each month.