Australia and Timor-Leste Push to Fast-Track Giant Offshore Gas Project
Australia and Timor-Leste call for the Greater Sunrise offshore gas project to be developed as soon as possible, the two countries said in a joint declaration on Wednesday, as Australia…
Kazakhstan Says Tengiz Oil Field Will Resume Normal Output Within Days
The offshore Tengiz oil field should return to usual production rates within a week, Kazakhstan’s energy minister said today, as quoted by Reuters. The Tengiz field stopped pumping oil earlier…
China Added 543 Gigawatts in New Power Capacity in 2025
China built a total of 543 GW in new power generation capacity last year, which was more than any other country, with coal and wind capacity at record high, government…
SC Expects Market Sentiment to Gradually Turn More Positive
In a report sent to Rigzone recently, Standard Chartered Bank Energy Research Head Emily Ashford outlined that Standard Chartered expects oil market sentiment “to gradually turn more positive”. “We expect…
U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output
The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to boost Venezuela’s oil production under a deal…
US Petroleum Inventories Fall As Cold Snap Hits
Editors note: The API data in this article does not fully reflect Winter Storm Fern’s impact on oil markets. The American Petroleum Institute (API) estimated that crude oil inventories in…
Crude Rallies on Weather Disruptions and Fresh Geopolitical Nerves
Oil prices jumped on Tuesday as the market priced in fundamentals once again, showing that when U.S. infrastructure gets punched in the face by weather, it’s more than geopolitics and…
