Top Trader Sees Sanctions Tightening Market and Lifting Oil Prices
The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is…
Inpex Warns Of Looming LNG Crunch in Asia
Japan’s Inpex expects an LNG supply shortfall in the Pacific coastal region, including Asia, in 2035, as demand will nearly double from current levels, the oil and gas major said…
Shipping Giants Forge Ahead with Green Investments Despite Carbon Price Collapse
Despite a collapse of talks over a global carbon price in the shipping industry, most major players continue with their investments in emission-reducing fuels and vessels, according to Reuters analysis…
IEA Slashes Oil Demand Growth Forecast For 2026
Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000…
Norway’s Oil Investments Set to Drop from 2025 High
Energy firms operating offshore Norway expect investments in oil and gas activities to be lower this year compared to 2025 as many field developments are being largely completed, Statistics Norway’s…
Global Exploration Signaling ‘Early Recovery’
Global exploration is signaling an “early recovery”, according to an Enverus Intelligence Research (EIR) statement sent to Rigzone by the Enverus team recently. The statement, which highlighted that Enverus was…
