IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns
The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle…
Exxon Set to Supply LNG to South Africa’s First Import Terminal
ExxonMobil and the company developing South Africa’s first LNG import terminal have signed a preliminary agreement for the U.S. supermajor to supply LNG to the proposed import terminal at the…
Falling Murban and Dubai Prices Open Arbitrage to U.S. and Europe
Crashing prices of Middle East’s key benchmark crudes in the wake of the U.S.-Iran deal have opened arbitrage for shipping oil from the Middle East to the United States and…
US, Iran Peace Pact Takes Effect
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…
CGA awards Airgas for safe facility performance
By 1 min ago 1 min read US industrial, medical, and specialty gas distributor Airgas, an Air Liquide company, has been awarded for its safe facility performance by the Compressed Gas Association (CGA). The CGA…
IEA cuts likely 2030 clean hydrogen project pipeline by 40%
© frank333 / Shutterstock.com By 40 min ago 2 min read The International Energy Agency (IEA) has cut the volume of clean hydrogen production it considers likely to be operating…
ECB: Iran Peace Deal Won’t Erase Europe’s Energy Price Shock
Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank…
First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to…
Global Gas Markets Get Another Boost as Australian LNG Strike Ends
A weeks-long strike action at the Ichthys LNG facilities in Australia is coming to an end after trade unions and Japanese energy company Inpex reached an agreement on pay and…
TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027
A major Saudi Arabian refinery damaged during the Iran conflict will not return to full operations until early 2027, according to TotalEnergies CEO Patrick Pouyanné, raising fresh concerns about the…
