Oil Prices Slide as Oversupply Fears Tighten Their Grip on Markets
Crude oil prices were down today, set for the second consecutive weekly loss as glut perceptions deepen amid reports of rising oil inventories. At the time of writing, Brent crude…
China’s Oil Demand Is Set to Peak by 2030
Chinese crude oil demand will peak by 2030, a new report from the China National Petroleum Corp Economics and Technology Research Institute has predicted, as quoted by China Daily. According…
Energy Transfer Cancels LNG Project
Energy Transfer has dropped plans to build an LNG plant in Louisiana to focus on natural gas pipelines, which are a more lucrative business. The decision follows reports that Energy…
ENI CCUS Holding finalises strategic partnership
Italian multinational energy firm Eni and US infrastructure and investment company Global Infrastructure Partners (GIP) have closed the sale of a 49.99% stake in Eni CCUS Holding. The deal, announced…
AI, grid infrastructure and China green hydrogen: the hot topics in 2026
It promises to be a fascinating year in energy in 2026 as we will find out which industries and trends will prosper or stall, as economic pressures bite and decarbonisation…
U.S. Natural Gas Prices Rebound Amid Robust LNG Flows
U.S. natural gas futures have reversed their recent decline, climbing more than 3% on Thursday to trade above $4 per MMBtu thanks to near-record flows of natural gas to LNG…
Nigeria’s Top Oil Regulator Leaves Amid $10B Investment Push
The abrupt resignation of Nigeria’s top petroleum regulator shortly after the launch of one of the country’s largest oil block auctions in years has sparked fresh concerns. Gbenga Komolage, head…
Israel-Egypt Nat Gas Deal ‘Purely Commercial,’ Says Cairo
Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal…
UK Sanctions Smaller Russian Oil Producers
The UK government imposed sanctions on three smaller Russian oil producers, as a US-brokered peace deal between Moscow and Kyiv remains elusive. Tatneft PJSC, Russneft PJSC and NNK PJSC were…
West Africa Oil Faces Crisis as Global Surplus Builds
Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete with ample supply and cheaper cargoes, traders and…
