U.S. LNG Stocks Climb as EU Pledge Boosts Long Term Demand
U.S. liquefied natural gas exporters pushed higher Monday following the European Union’s announcement of a $750?billion energy purchasing framework for the next three years, heavily focused on LNG. But signals…
Aramco Greenlights $5 Billion Zuluf Expansion As Q2 Earnings Set to Dip
Saudi Aramco has awarded a fresh round of contracts for the mammoth Zuluf oilfield expansion—an offshore project worth around $5 billion, aimed at boosting production capacity by more than 600,000…
U.S. Onshore Oil Production Soars to Record Highs
U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s…
U.S. LNG Stocks Surge on EU Energy Deal
Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual…
Saudi Arabia Eyes September Crude Price Hike for Asia
Saudi Arabia is expected to raise the official selling price (OSP) of Arab Light crude to Asia for September-loading cargoes, according to trading sources cited Monday by Reuters. The anticipated…
Diesel Markets Brace for Shock as EU Sanctions Redraw Trade Routes
The global diesel market is entering a new phase of structural tightening, with fresh EU sanctions targeting refined fuels from Russian crude force a realignment of trade flows across Asia,…
Trump Says He Will Cut Timeline for Putin to Reach Truce
US President Donald Trump said he would cut the timeline for Russian leader Vladimir Putin to reach a truce with Ukraine or face potential economic penalties, ramping up pressure on…
Ukraine Taps Azeri Gas in First Test Deal Via Trans-Balkan Pipeline
In a pivotal shift for Eastern European energy flows, Ukraine’s state-owned Naftogaz has signed its first-ever gas supply agreement with Azerbaijan’s state-run SOCAR, leveraging the Trans-Balkan corridor to bypass Russian…
Dangote Demands Fuel Import Ban to Protect Nigeria’s Refining Future
The owner of the biggest refinery in Africa, Aliko Dangote, has urged the government to ban the import of fuels in line with its “Nigeria First” policy. “The Nigeria First…
Eni Sees Low-Carbon Business Profits Equaling Oil and Gas Profits by 2035
Eni’s profits from alternative energy business operations should reach the same level as oil and gas profits by 2030, continuing to grow further to exceed oil and gas income by…
