Industry News

Vitol is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end.

Venture Global executed new agreements to supply about 0.82 million metric tons per annum of U.S. liquefied natural gas for 5 years to Germany's EnBW.

'The project will increase ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity'.

Expected to begin production 2027, the Jotun FPSO tieback project will develop 86 million barrels of oil equivalent gross proven and probable reserves.

The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 and 2027 in its latest short term energy outlook.

Repsol signed a new deal with Venezuela's Hydrocarbons Ministry and state-owned PdVSA 'to assess the potential development' of a new area southeast of Lake Maracaibo and near the Spanish company's existing portfolio in the South American country.

'The increased focus on energy security and energy affordability has shifted the energy policy landscape across the globe'.

The U.S. and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic's nuclear program.

Markets expect Middle East oil flows to recover, though analysts warn supply risks remain.

A growing stream of stranded oil is making its way out of the Strait of Hormuz while empty Iranian vessels rush in, as the U.S.-Iran interim peace deal sparks one of the biggest days of activity since the conflict began.

Zululand Energy Terminal, being developed as South Africa's first receiving terminal for liquefied natural gas, announced a preliminary agreement for ExxonMobil to supply LNG to the facility.

The owner of the Santa Ynez Unit in California launched a marketing process for a senior secured term loan with a principal amount of up to $1 billion.

The majority state-owned energy major plans 6-8 tieback projects offshore Norway each year.

Russia's capital faced a record air attack overnight, with drones reaching the Moscow Oil Refinery, disrupting airport operations and forcing closure of several major roads in and around the city.

The South African state-owned utility continues to register improvements in electricity supply reliability as winter demand escalates, reporting nearly 400 consecutive days without power interruptions from mid-May.

President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.

Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.

There are already signs of shipping activity, with Iran moving its own oil tankers and other vessels changing course to head toward the Persian Gulf even before Washington and Tehran sign an interim agreement to end their hostilities later this week.

Clean Energy Fuels won contracts to design and install liquefied natural gas fuel systems for 2 power projects in Puerto Rico by PR Energy Partners and an unnamed international healthcare manufacturer.

TotalEnergies's oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, its CEO said.