Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks On Iran
Saudi Arabia has started to increase its oil output as part of a contingency plan in the event the United States attacks Iran and oil flows are disrupted, Reuters reported…
Biggest Oil Cos Need to Find 22MM Bpd by 2040
Wood Mackenzie analysis reveals that 30 of the world’s largest oil and gas companies face a combined 22 million barrels of oil equivalent per day production shortfall by 2040 to…
Trump To Allow Private Cuban Companies To Buy Fuel But Block The Regime
The Trump administration plans to allow energy companies to sell fuel to private Cuban businesses while maintaining a strict blockade on the Cuban government. The policy shift aims to alleviate…
OPEC+ To Consider Oil Output Hike By 137,000 bpd For April
OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand…
Saudi Shipping Giant Rents Supertankers as Freight Costs Skyrocket
Bahri, the national shipping carrier of the world’s top crude exporter, Saudi Arabia, has provisionally chartered at least five supertankers to ship oil to Asia amid soaring tanker rates not…
Black Sea Bottleneck Stalls Tengiz Oil Comeback
Storms in the Black Sea and alerts of potential drone attacks at a key loading terminal are slowing the ramp up of crude oil production at Kazakhstan’s giant Tengiz oilfield,…
UK Energy Bills to Drop to Nearly Two-Year Low
The average UK energy bill is set to drop by about 7% from April, to the lowest in almost two years, as the government has shifted part of the costs…
Russia and Iran Slash Oil Prices to Secure China Market Share
Discounts for Russian and Iranian crude have widened in recent weeks as China’s independent refiners have remained the only buyers not shunning sanctioned supply, which is amassing in floating storage…
Weak China Demand Pushes Australian Gas Exporters to Seek New Buyers
Asia’s weak LNG demand has prompted one of the biggest exporters, Australia, to ship a cargo of the fuel as far as East Canada on a 16,000-mile journey, vessel-tracking data…
