India Weighs Cheap Russian Oil Against Costly U.S. Trade Commitments
Russia’s flagship crude, Urals, is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners…
Eni Expects ‘Very Finely Balanced’ LNG Market This Year
Contrary to forecasts of an LNG supply glut as soon as this year, Italy’s energy major Eni expects a “very finely balanced” market in 2026 as European demand is set…
Equinor Slashes 2026 Buybacks as Low Oil Prices Persist
Equinor (NYSE: EQNR) slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while it narrowly missed earnings estimates for the fourth quarter of…
Texas Upstream Employment Rises
Employment in the Texas upstream sector increased between November and December 2025. That’s what the Texas Independent Producers and Royalty Owners Association (TIPRO) said in a statement sent to Rigzone…
U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas
The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the two governments in January. The deal involved Venezuela “turning over”…
Germany Seeks Middle East LNG Deals
Germany’s chancellor, Friedrich Merz, will lead a delegation to Saudi Arabia and Qatar, seeking to secure supply deals for liquefied natural gas to diversify away from the United States, Bloomberg…
Trump Administration Greenlights Deepwater Texas Oil Terminal
The U.S. federal government has approved a project for the construction of a deepwater oil terminal on the Texas coast, to be led by Sentinel Midstream. The Texas GulfLink facility…
