Canada’s Oil Pivot to Asia Is Starting to Materialize
Canada’s Trans Mountain pipeline hit full capacity for the first time in June, and the company running it already has another 300,000 barrels per day of capacity planned. Most of…
Chevron to Double Venezuela Rig Count in $7 Billion Oil Push
Chevron plans to double the number of drilling rigs it operates in Venezuela under a five-year expansion that targets roughly 600,000 barrels per day of production. CFO Eimear Bonner said…
Dutch TTF Gas Jumps 2% as Winter Storage Race Heats Up
Europe’s benchmark natural gas prices jumped on Tuesday morning in Amsterdam as the Middle East crisis remains a major supply shock amid the European race against time to stock up…
Uganda Set to Become World’s Newest Oil Exporter in Early 2027
The global list of crude oil exporters will expand with Uganda early next year as the African country is moving closer to first oil from a project whose crude will…
Vitol CEO: Global Fuel Markets Are “Tight and Inflexible”
Global fuel markets are very tight and inflexible, despite the higher flows out of the Persian Gulf in recent weeks, Russell Hardy, chief executive of the world’s biggest independent oil…
Gulf Producers Find Workarounds As Hormuz Tensions Persist
Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the…
Oil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows
Suez Canal’s revenue jumped by 42% in July from the same month last year as the number of oil tankers passing through the Egyptian gateway to the Mediterranean surged amid…
Oil Prices Hit 3-Month Highs
Oil prices rose for another session on Tuesday, reaching three-month highs as escalating tensions across the Gulf renewed concerns over regional energy flows. That’s what Paolo Broccardo, CEO at BankPro,…
Why speed and certainty are reshaping LNG
Why speed and certainty are reshaping LNG | LNG / LPG | gasworld By 30 min ago 1 min read Power demand is rising, energy security remains high on political…
Global Diesel Supply Crunch Is Set to Last Through Winter
Global diesel fuel supply will remain tight into next year for lack of enough refining capacity to pick up the slack from Middle Eastern and Russian facilities, Reuters has reported,…
