Industry News

Saudi Arabia has restored about half the flows through its cross-country oil pipeline bypassing the Strait of Hormuz.

The pipeline has a total capacity of about seven million a day, with about five million typically earmarked for exports.

State-owned PTTEP expects to start production 2028 to help meet Thailand's growing energy demand.

State-owned PVN said its agreement with Chevron could also secure liquefied natural gas and liquefied petroleum gas for Vietnam.

AFPM announced that more than 30 U.S. business, energy, and manufacturing groups from around the country have issued a letter to U.S. President Donald Trump.

Brent oil was up more than three percent in intraday trading on Monday.

Nonetheless, TotalEnergies said it is targeting a 50 percent reduction in Scope 1 and 2 emissions from oil and gas upstream and downstream activities, excluding gas electricity generation, by the end of the decade compared to 2015 levels.

Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won't soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.

The European Union opened the door to oil and gas importers getting an extra year to prepare for the bloc's methane reporting rules, in a bid to safeguard energy security amid disruptions caused by the Iran war.

Iraq's state-owned marketing company is offering buyers last-minute crude cargoes, according to people with direct knowledge of the matter, as sky-high freight rates complicate the purchase of shipments from deep inside the Persian Gulf.

Crude declined on hopes for a US-Iran breakthrough, though tight physical supplies continue to support the market.

President Donald Trump's economic advisers are analyzing the ramifications of a potential short-term ban on U.S. diesel exports, underscoring the seriousness of the administration's consideration of the idea.

Ukraine said it hit two more Russian oil refineries as the warring countries continue strikes against each other despite both sides earlier this week holding talks with the U.S., which wants targeting of energy assets to halt.

WhiteHawk completed acquisitions worth a total of $111.8 million including mineral and royalty natural gas assets in the Haynesville shale and the Appalachian Basin's Marcellus and Utica formations.

Spiritus signed three letters of intent with oil and gas operators in the United States Gulf Coast, Midwest and Rockies to supply over three million metric tons of carbon dioxide per year for enhanced oil recovery.

TotalEnergies' board reaffirmed the French energy giant's governance structure and a growth strategy that sticks with oil and gas while expanding integrated power.

INPEX raises its stake to over 68 percent.

The Netherlands wants to scrap mandatory gas storage targets under a revamp of the European Union's energy supply security rules after spending nearly EUR 1 billion this year to fill the country's reserves.

Oil rose as tight global supplies outweighed optimism over a potential US-Iran deal to reopen the Strait of Hormuz.

The U.S. Export-Import Bank is offering to lend up to $6 billion of financing for Argentina's signature natural gas project.