Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies
TotalEnergies and Shell are among the companies interested in buying a majority stake in the Shenandoah oil and gas field that is being sold by Beacon Offshore Energy and HEQ…
OPEC+ Prepares Paper Oil Barrels While Exports Stall
OPEC+ is preparing to weigh another output increase this Sunday as the world’s most critical oil artery remains effectively shut. Eight core members of the group are expected to discuss…
Russia Preparing to Send 2nd Oil Tanker to Cuba
Russia plans to send a second oil tanker to crisis-ridden Cuba, further testing an effective US energy blockade of the communist-run island. Russian Energy Minister Sergey Tsivilev told the state-run…
LNG storage strategies swing into action
Many markets are in desperate need for more LNG with 20% of the world’s trade cut off by the ongoing Middle East conflict. This has placed increased scrutiny on storage…
China Directs Private Refiners to Maintain Fuel Output Even At A Loss
Chinese authorities have ordered private refiners to maintain high levels of gasoline and diesel supply, even at a loss, or risk their crude import quotas slashed if they reduce run…
40% of Russia’s Baltic Oil Export Capacity Offline as Gasoline Ban Widens
Russia is banning gasoline producers from exporting the fuel until July 31, expanding the current ban that applied only to non-producers, as the Middle East war and the Ukrainian drone…
UK Hosts 36-Country Summit to Reopen Strait of Hormuz
The UK is hosting on Thursday a virtual meeting of senior officials from three dozen countries — with the notable exception of the United States — to discuss ways and…
Australia Considers Emergency Powers to Protect Domestic Gas Supply
Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026. The…
Artemis II sets off on cryogenics-fuelled Moonshot
NASA’s Artemis II mission launched yesterday (1 April) without incident, marking a return to crewed lunar flight for the first time in more than half a century. Behind the headlines,…
Oil Surges on Fears of Prolonged War
US President Donald Trump is coming under increasing international pressure after he pledged in a primetime speech to continue the war on Iran, sparking further turmoil in energy markets, with…
