Industry News

'We simply don't know how to model the endgame', the analysts said.

The Moscow Oil Refinery was hit during drone attacks that were part of the largest overnight Ukrainian barrage this year, as Russia entered the final day of voting in its parliamentary elections.

The European Commission approved around $145 million in grants from the Connecting Europe Facility for two climate-neutral German-Polish district heating projects and an onshore wind park near the Latvia-Lithuania border.

Japan's Mitsui OSK Lines Ltd. is planning to sell a few of its older oil tankers to take advantage of a surge in vessel prices.

Oil fell for a third session as easing Saudi supply concerns outweighed lingering risks around the Strait of Hormuz.

Sempra Infrastructure signed a 20-year agreement to supply about 0.8 million metric tons per annum of liquefied natural gas to Petrobras from the under-construction Port Arthur LNG phase 2 project in Texas.

Congress gave final approval to a bill to give President Donald Trump new powers to impose tariffs on countries that purchase Russian petroleum products.

Engineers India Ltd. is seeing a slowdown in new orders for Middle East energy projects as continued U.S.-Iran hostilities heighten security risks.

Transnet National Ports Authority has opened applications to pursue a small to medium liquefied natural gas receiving terminal project at the Port of East London in Eastern Cape province.

In exchange TotalEnergies will pay BlackRock's GIP a throughput-based tariff for up to 15 years.

At least two liquefied natural gas shipments transited the Strait of Hormuz this week as producers look for ways to increase flows to a market struggling with a lack of supply and surging prices.

The oil explorer maintains its forecasts are grounded in scientific and economic data that take into account realistic changes in government policies and consumer behavior.

Crude fell as Saudi pipeline flows improved while uncertainty over Iran and Hormuz persisted.

Schlumberger heirs are set to auction a rare Claude Monet masterpiece at Sotheby's in Paris next month.

Vitesse consummated the purchase of a stake in Chevron-operated oil and gas assets in the Denver-Julesburg Basin for $26 million.

A Tokyo-based classification society granted Mitsui OSK Lines and several other Japanese companies approval-in-principle for a low-pressure vessel for transporting liquefied carbon dioxide emissions.

Crude oil stocks, not including the SPR, stood at 423.4 million barrels on September 11, the EIA's latest weekly petroleum status report showed.

Oil giant Saudi Aramco has been looking to secure thousands of tons of diesel in the Mediterranean.

The damage to Saudi Arabia's East-West pipeline 'exposes [the] limits of supply optionality', Emily Ashford, Standard Chartered Bank Energy Research Head, outlined.

'The acquisition marks SOCAR's entry into Africa's upstream sector and underscores the company's long-term strategy to expand its global upstream footprint', the State Oil Company of the Azerbaijani Republic said.