Industry News

How Much Oil Transited Through World's Chokepoints in 2Q?

Industry News - Wed, 2026-08-12 06:40
The U.S. Energy Information Administration revealed its latest estimations of the amount of oil going through the world's chokepoints.

Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project

Industry News - Wed, 2026-08-12 06:36
Stretching 1,300 miles, the Western Gateway project would 'create a new fuel supply path from St Louis, Missouri, and expanded Gulf Coast origin points to Arizona and California'.

Sable Expects to Increase SYU Oil Sales to California Refiners from Q3

Industry News - Wed, 2026-08-12 06:05
The operator of the Santa Ynez Unit oil project in California expects refiners in the state to start buying more SYU crude oil and rely less on imports beginning next month.

Venture Global Logs Nearly 50 Percent Revenue Increase

Industry News - Wed, 2026-08-12 05:09
That was thanks to LNG export volumes increasing 45 percent year-on-year to 478.3 trillion British thermal units.

EU Says Power System Stable despite Extreme Weather

Industry News - Wed, 2026-08-12 04:20
'High solar generation has been very significant and helped ease pressure on electricity prices during the central hours of the day'.

UKCS Production Drops, Efficiency Rises

Industry News - Wed, 2026-08-12 04:10
Although production efficiency in the UK Continental Shelf increased last year, total output fell in 2025, the NSTA revealed.

UAE Offers to Shuttle Iraqi Oil through Hormuz

Industry News - Wed, 2026-08-12 03:13
Emirati state-owned company ADNOC is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to transport Basrah and other crude to refiners in Asia, according to people familiar with the matter.

Oil Extends Gains on Hormuz Uncertainty

Industry News - Tue, 2026-08-11 15:13
Oil climbed for a fourth session as traders remained skeptical that a deal would quickly restore Hormuz flows.

A Dozen Ships Switch Oil Outside Hormuz

Industry News - Tue, 2026-08-11 15:00
A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function.

North America Breaks Rig Addition Streak

Industry News - Tue, 2026-08-11 09:48
North America dropped three rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Trump Extends Narrowed Waiver of USA Jones Act

Industry News - Tue, 2026-08-11 09:41
President Donald Trump has extended a waiver allowing foreign ships to transport oil and other commodities around the U.S. for 90 more days, albeit with new limits.

Santos Starts Delivering Oil from Alaska Project

Industry News - Tue, 2026-08-11 08:52
Santos loaded the first crude oil cargo from the Pikka development on Alaska's North Slope, headed to the West Coast for refining.

Brazos to Grow Midland Gas Processing Capacity to 1.1 Bcfd

Industry News - Tue, 2026-08-11 08:03
Brazos Midstream plans to build a cryogenic natural gas processing plant with a capacity of 300 million cubic feet a day in Glasscock County, Texas.

NOAA Reveals Latest Atlantic Hurricane Season Prediction

Industry News - Tue, 2026-08-11 07:00
The National Oceanic and Atmospheric Administration has revealed its latest prediction for the Atlantic hurricane season.

CATL to Deliver 3 GWh Battery Supply for ContourGlobal Projects

Industry News - Tue, 2026-08-11 06:39
ContourGlobal awarded CATL a contract to deliver storage systems for battery projects in Chile, Greece and the United Kingdom with a combined capacity of three gigawatt hours.

Uniper Plans to Build Data Centers at Its Power Sites

Industry News - Tue, 2026-08-11 05:08
The German power and gas utility has identified over 10 of its electricity generation sites that have suitable infrastructure to support co-located data centers.

Why Are Oil Prices Rising?

Industry News - Tue, 2026-08-11 04:56
Several analysts take a look.

Saudis Delay Restart of 400,000 Bpd Refinery

Industry News - Tue, 2026-08-11 03:50
The Jazan oil complex is now tentatively expected to restart by August 30.

Oil Climbs as Hormuz Deal Remains Elusive

Industry News - Mon, 2026-08-10 15:45
Crude climbed as limited Hormuz traffic and Middle East tensions continued to support prices.

Ukraine Hits Major Taneco Oil Refinery

Industry News - Mon, 2026-08-10 15:00
Ukraine's military attacked the large Taneco oil refinery and the ZapSibNeftekhim petrochemical plant deep inside Russia on Monday.

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