Saudi Aramco Eyes Major Stake in New $11 Billion Indian Refinery
Saudi Aramco is poised to buy a 20% stake in a new refinery that India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) plans to build with a total investment of…
Oil Prices Climb as Trump Issues Stark Warning to Iran
Oil prices were holding onto gains early on Tuesday, reversing an earlier dip in Asian trade, as geopolitical risks in Russia and Iran outweighed oversupply concerns in thin semi-holiday trading.…
Trump Says U.S. Hit Drug Boat Loading Dock as Pressure on Venezuela Mounts
The U.S. pressure on Venezuela intensified overnight with President Donald Trump saying the United States hit a dock on a shore, where alleged drug boats “load up.” President Trump was…
Nigeria’s Key Gas Pipeline Restores Service After Explosion
Three weeks after a section of the critical Nigerian pipeline Escravos–Lagos was damaged by an explosion, Nigeria’s state oil and gas company NNPC Limited said that service had been restored…
January NatGas Contract Lifts Off into Final Settlement
In an EBW Analytics Group report sent to Rigzone by the EBW team on Tuesday, Eli Rubin, an energy analyst at the company, highlighted that the January natural gas contract…
North America Leads Largest LNG Export Surge Since 2022
Surging liquefied natural gas exports from new North American export plants likely pushed global LNG shipments in 2025 by the most since 2022, Kpler data showed on Tuesday. This year,…
U.S. Sanctions Drive Russian Oil Shipments to India to Three-Year Lows
India is expected to import 1.1 million barrels per day (bpd) of Russian crude in December—volumes that would be sharply down from November and the lowest level in just over…
Venezuela Starts Cutting Oil Production Amid U.S. Blockade
Venezuela has begun shutting wells that pump extra-heavy crude in the Orinoco Belt, as the U.S. blockade is squeezing shipments and filling up storage space, sources with knowledge of the…
Oil Prices Dip as the EIA Reports a Crude and Fuel Inventory Build
Crude oil inventories in the United States increased by 0.4 million barrels during the week ending December 19, after holding nearly flat the week prior, according to new data from…
Execs Predict Where WTI Oil Price Will Land in Future
Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future in the fourth…
