Texas Oil Regulator Hails ‘Oil Theft Bust’
In a statement posted on the Texas Railroad Commission’s (RRC) website recently, RRC Commissioner Wayne Christian hailed an “oil theft bust” stemming from a multistate investigation as a “victory for…
Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners
OPEC’s second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it offered month-watering discounts for loadings at Basrah in the Persian…
Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns
Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the…
Russia Says Oil Output Drop Is Temporary as Refineries Restart
The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime Minister Alexander Novak said on…
Norway Seizes Russian Cruise Ship to Enforce Naftogaz’s $4.22 Billion Claim
Norway has seized a Russian commercial cruise ship off the Svalbard archipelago at the request of Ukrainian oil and gas firm Naftogaz, which is seeking enforcement of a $4.22 billion…
Suez Canal Economic Zone targets energy potential as Egypt–China ties strengthen
By 27 min ago 2 min read The utilities arm of the Suez Canal Economic Zone has launched a pipelines & energy division. It will award projects covering ‘multi-product pipeline…
Brazil orange juice waste-to-biogas plant nears completion
By 38 min ago 3 min read Dutch-French crop merchant Louis Dreyfus Company (LDC) is nearing completion of what it says will be the world’s largest plant dedicated to producing…
Chinese Refiners Pay Record Premiums for Russian ESPO Crude
Chinese refiners are paying a hefty premium for Russia’s ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country.…
Europe’s Low Gas Stocks Set Stage for Winter LNG Battle
Europe’s lowest levels of natural gas in storage in nearly two decades risk intensifying the race for LNG supply in the coming months as both Europe and Asia are competing…
Global Refining Crunch Could Keep Fuel Prices High Into 2027
Damaged refineries in the Middle East and Russia and insufficient capacity elsewhere to offset the supply disruptions will likely keep global fuel prices elevated into the next year, analysts say.…
