US Gulf producers shut in 9% of oil, 3% of natgas production amid tropical...
The US National Hurricane Center (NHC) is tracking a disturbance in the southern US Gulf with a high likelihood of becoming a named storm, but it is still too early to determine possible impacts to the...
View ArticleJohan Sverdrup crude hits record US$24/bbl premium to brent as Saudi pipeline...
As Saudi Arabia’s suspension of its East-West pipeline drives medium-sour crude prices above US$140/bbl and European refiners scramble for alternatives, a new Wood Mackenzie analysis finds Johan...
View ArticleOil gains as Mideast risks outweigh efforts to boost global supply
Oil prices rose on Thursday, with Brent crude trading at above $102/barrel, as renewed supply concerns stemming from Middle East tensions and US production outages overshadowed global efforts to ease...
View ArticleJPMorgan sees strong Q3 for EU oil and gas, favors these major stocks
JPMorgan expects a stellar third-quarter earnings season for European oil and gas companies, led by refining, and favors U.K. supermajors Shell and BP, plus Eni, as it urges investors to be selective...
View ArticleStatement by IEA Executive Director on meeting of IEA Member governments
At yesterday’s meeting, IEA Member governments expressed support for accelerating the oil stock releases announced in the Collective Action of March 2026 with a view to completing them as soon as...
View ArticleOil prices surge amid Mideast shipping attacks, U.S. Gulf coast disruptions
Oil prices climbed on Thursday following reports of more attacks on commercial shipping in the Middle East, while markets also braced for supply disruptions from adverse weather along the U.S. Gulf...
View ArticleBearish signs on oil markets emerge
Oil markets have been in constant flux since the start of the US-Iran conflict, with market participants closely monitoring the situation in the Middle East Gulf (MEG). The conflict has expanded...
View ArticleCrude oil inventories plunge, signaling strong demand
The Energy Information Administration (EIA) has reported a significant decrease in U.S. crude oil inventories, a development that could have notable implications for the energy market and broader...
View ArticleCenovus acquisition of Athabasca Oil Corporation deepens large-cap...
Addressing Cenovus Energy’s acquisition of Athabasca Oil Corporation for Cdn$5.7 billion (~US$4 billion), Mark Oberstoetter, head of Americas upstream research for Wood Mackenzie said, “This most...
View ArticleEIA: Mixed outlook for energy expenditures this winter
We expect energy expenditures this winter to vary because of diverging trends in energy prices among fuels and regional variation in forecast temperatures. We expect that lower prices for natural gas...
View ArticleEuropean markets rattled by near miss on US diesel export ban
The threat of a US diesel export ban is forcing Europe to consider its fuel dependencies in a fundamentally new light, officials and market stakeholders have warned, heralding a unprecedented era of...
View ArticleSoutheast Asia’s upstream M&A activity shifts from exits to strategic entry...
Southeast Asia’s upstream merger and acquisition (M&A) conversation has moved from which international oil companies (IOCs) are leaving to who is buying their way in. Research from Rystad Energy...
View ArticleEquinor: Updated cost estimate for the Snøhvit Future project
On behalf of the partnership, Equinor has updated the cost estimate for Snøhvit Future to NOK 26.5 billion in 2026 value. The timetable for the project remains unchanged, with onshore compression...
View ArticleChevron to Divest its Ownership Interests in Hess Midstream and DJ Basin...
Chevron Corporation announced that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to restructure the terms of its Bakken midstream...
View ArticleVitol CEO says current Middle East flows enough to prevent $200/barrel scenario
The Middle East has exported around 12 million barrels per day of crude oil and 2 million bpd of refined products in the last 7 to 10 days, according to Vitol CEO Russell Hardy. Hardy told the Energy...
View ArticleThe Commodities Feed: Oil stuck between improving supply and Persian Gulf risks
Energy – Persian Gulf supply risks offset stronger oil flows The oil market traded under pressure for much of the session yesterday, with ICE Brent trading down towards $97/bbl. However, with supply...
View ArticleCrude inventories fall more than expected, boosting oil prices
The American Petroleum Institute (API) has released its latest data on U.S. crude oil inventories, revealing a significant decline that has exceeded market forecasts. The API Weekly Crude Stock report...
View ArticleFuel relief? India’s major crude supplier unexpectedly cuts oil prices to Asia
Saudi Arabia cut crude oil prices for Asia in November, despite raising them for northwest Europe and the Mediterranean, according to a Reuters report. The development emerged as an unexpected...
View ArticleUS Natural Gas Prices Extend Gains
US natural gas prices climbed to around $3.13 per MMBtu, extending gains for a fourth session and reaching their highest level since September 25, supported by falling production, LNG feedgas flows,...
View ArticleShell CEO says Middle East oil flows reach 80% of prewar levels
Middle East oil flows have recovered to about 80% of volumes seen before the conflict began, Shell Plc Chief Executive Officer Wael Sawan said Tuesday. Speaking at the Energy Intelligence Forum in...
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