Market Underestimating Chance of Russian Gas Flow Disruption
The market is underestimating the chance of disruption to Russian gas flows. That’s what analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, think, a report…
More Drone Strikes on Iraqi Kurdistan Oilfields Halt Up to 200,000 Bpd
A now three-day series of drone attacks on Iraqi Kurdistan’s oilfields, leading to a shut-in of 150,000 bpd and ratcheting up already-inflamed tensions between the Kurdistan Regional Government (KRG) in…
Shale Sputters as Oil Slides Into Profit Danger Zone
U.S. shale drillers are scaling back as crude prices drift into the red zone for profitability, according to Quantum Capital Group’s Dwight Scott. With West Texas Intermediate (WTI) hovering near…
India Rethinks Its Oil Strategy as Russian Discounts Dwindle
India’s romance with cheap Russian oil is cooling—just a touch. Russian crude imports into India crept up 1% in the first half of 2025, totaling about 1.75 million barrels per…
Venture Global signs 20-year LNG SPA with Eni
Italy’s Eni has signed a 20-year LNG sales and purchase agreement with Venture Global – which is beginning to ramp up the contracts for its CP2 LNG project. The deal…
India’s GAIL in Early Talks for Long-Term Purchase From Alaska LNG
State-controlled natural gas firm GAIL (India) Ltd has started discussions about buying liquefied natural gas from the proposed $44-billion Alaska LNG project, industry sources familiar with the talks told Reuters…
TotalEnergies Says Lower Oil and Gas Prices Will Weigh on Q2 Profit
TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and…
Biggest U.S. Grid Operator Issues Alert for July 16
PJM Interconnection, the operator of the largest U.S. electric grid covering 13 mid-Atlantic and Midwest states, has issued a maximum generation alert and load management alert for July 16 due…
UK Revives Electric Car Grant but With Strict Limits
The UK government has reintroduced grants for electric vehicles (EVs) in a bid to boost lagging consumer demand, but industry insiders warn that most buyers may be left behind. Unveiled…
Slovakia Holds EU Sanctions Hostage Over Russian Gas Exemption
Slovakia would drop its veto on the EU’s new sanctions against Russia if it receives an exemption to continue importing Russian pipeline gas for nearly another decade, Slovakia’s Prime Minister…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
