ORLEN Signs Up for More Renewable Hydrogen from Finland
ORLEN plans to develop underground hydrogen storage in Poland to support transshipment in Central Europe.
Denmark, Germany Ink Agreement on Bornholm Energy Island
The governments of Germany and Denmark said they have paved a new regulatory ground with the signing of an agreement for a cross-border project that will connect several wind farms via a single hub on the Danish island of Bornholm in the Baltic Sea.
Oil Prices 'Remain Elevated and Volatile'
Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices 'remain elevated and volatile'.
Petrobras Expands Contracts to Supply Key Indian Refiners
The agreements with state-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum 'represent potential sales of up to 60 million barrels, with a total value that could exceed $3.1 billion'.
Lukoil to Sell Most of Foreign Assets to Carlyle
Russia's Lukoil agreed to sell most of its international assets to private equity giant Carlyle, three months after being hit by U.S. sanctions.
Trump Iran Threat Pushes Oil Higher
Markets turned more bullish as traders priced in rising volatility and tighter near-term supply.
Oil Options on Longest Bullish Run Since 2024
Oil traders are paying a premium for bullish call options for the longest stretch in about 14 months.
Greer Says India Must Do More to Wind Down Russian Oil Buys
India has more work to do in order to satisfy U.S. concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump's trade representative said.
EIA Sees USA Diesel Price Dropping in 2026
The U.S. Energy Information Administration projected that the U.S. on-highway diesel fuel retail price will drop in 2026.
Chevron Adds GIP's Thomas Horton to Board
Chevron appointed Thomas Horton, a partner at Global Infrastructure Partners of global asset manager BlackRock, as an independent director, expanding its board to 13 members.
EIA Sees USA Energy Demand Slipping Then Rising
The U.S. Energy Information Administration projected that U.S. total energy consumption will drop in 2026 and rise in 2027.
Uniper to Supply Renewable Power to nLighten Data Centers
'Uniper is to supply both standard power for nLighten's German locations and a guaranteed base load supply of hydroelectric power, ensuring a constant CO2-free energy supply with exceptional traceability on an hourly basis'.
SC Expects Market Sentiment to Gradually Turn More Positive
'We expect [crude oil] market sentiment to gradually turn more positive as the bearish oversupply narrative so prevalent in H2-2025 weakens', Standard Chartered Bank Energy Research Head Emily Ashford said.
Woodside Expects Lower Production This Year
The Australian LNG-focused producer's output in 2025 exceeded guidance and set a company record but it expects a slowdown in 2026 due to downtime from preparations to start up the Scarborough Energy Project.
Libya Extends Waha Concessions to 2050
'This agreement sets new fiscal terms allowing to increase the production of these concessions that are currently producing around 370,000 barrels of oil equivalent per day'.
Eni in Talks with Mercuria on Trading Partnership
The talks follow a period of bumper profitability for the energy trading industry, as major producers look to increase margins on oil and gas sales.
Crude Gains as Geopolitical Risks Grow
Crude prices rose as US military signals, refinery disruptions, and a weaker dollar supported commodities.
EU Warns Against Over-Reliance on USA Gas
The European Union's competition chief has warned against relying 'too much' on U.S. liquefied natural gas imports.
Mexico Shelves Planned Shipment of Oil to Cuba
Mexico's state oil company backtracked on plans to send a much-needed shipment of crude oil to Cuba.
Baker Hughes Sees Record Year for Industrial, Energy Tech Bookings
'Looking ahead, we expect IET orders to remain at robust levels, supported by continued momentum in LNG, a stronger year of FPSO and gas infrastructure awards, and sustained strength for power systems'.
