Eni Set to Approve Two Gas Projects Offshore Indonesia

Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said…

Russia’s Dark Oil Web Exposed in Major UK Sanctions Escalation

The UK on Tuesday slapped sanctions on Russia’s oil pipeline giant Transneft and targeted Russia’s dark web of illicit oil traders and shadow fleet operators, to attempt to further stifle…

Oil Tanker Rates Surge to Six-Year High

Supertanker rates to ship crude on the key Middle East-to-China route have surged to a six-year high as Persian Gulf supply to India soars and traders rush shipments to precede…

US Natgas Prices at Waha Hub in Texas in Negative Territory for Record 12th Day

Reuters U.S. spot natural gas prices for Monday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 12th time in a…

India’s Oil Import Dependence Climbs to Nearly 89% as Domestic Output Lags

India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption reaching 88.6% over the first ten months of its current…

Woodside Warns LNG Glut Fears May Be Overstated

Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken at face value, as demand will remain strong and not…

Oil Prices Hover Near Seven-Month Highs on US-Iran Tensions

Summary Both crude benchmarks hover near seven-month highs US-Iran tensions key market driver in near term, analysts say US tariff situation creating market uncertainty (Reuters) – Oil prices hovered near…