Industry News

USA LNG Exports at Record High

Industry News - Fri, 2025-11-28 03:30
U.S. liquefied natural gas exports are set to hit a record high this month.

CME Futures Outage Disrupts Trading

Industry News - Fri, 2025-11-28 03:19
Trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault.

Commodity Futures Trading Stopped After Glitch

Industry News - Fri, 2025-11-28 03:19
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

Industry News - Thu, 2025-11-27 09:40
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

Industry News - Thu, 2025-11-27 09:31
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

Industry News - Thu, 2025-11-27 09:21
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

Industry News - Thu, 2025-11-27 09:10
'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

Industry News - Thu, 2025-11-27 07:15
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

Industry News - Thu, 2025-11-27 04:40
'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

Industry News - Thu, 2025-11-27 03:28
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

Industry News - Wed, 2025-11-26 15:39
Oil crept higher alongside global equities, bouncing off a one-month low.

BlackRock Looks to Double Saudi Investments

Industry News - Wed, 2025-11-26 10:37
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

Industry News - Wed, 2025-11-26 10:25
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

Industry News - Wed, 2025-11-26 10:17
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

Industry News - Wed, 2025-11-26 09:39
'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

Industry News - Wed, 2025-11-26 06:13
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

Industry News - Wed, 2025-11-26 04:07
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

Industry News - Wed, 2025-11-26 03:19
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

Industry News - Tue, 2025-11-25 14:58
Crude settled sharply lower as signs of Ukraine-Russia peace progress raised expectations for continued Russian supply.

OPEC+ Again Faces Thorny Issue of How Much It Can Pump

Industry News - Tue, 2025-11-25 10:06
OPEC+ nations gathering this weekend are once again grappling with the thorny question of how much oil they're physically able to pump.

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