US Crude Oil, Gasoline Inventories Still Falling

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 564,000 barrels in the week ending July 10. In the week prior, US crude…

China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse

Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refinery…

U.S. Backs Iraq-Syria Oil Pipeline to Bypass the Strait of Hormuz

The United States supports plans by Iraq and Syria to rebuild a damaged oil pipeline that would carry crude from Kirkuk to Syria’s Mediterranean coast and bypass the Strait of…

U.S. Gasoline Prices Could Hit $4 Per Gallon Within Days

Following a few weeks of reprieve for drivers, the U.S. national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about…

Brent Futures Flip to Backwardation as Middle East Supply Risks Return

The Brent Crude futures curve flipped into backwardation this week, signaling expectations of tight prompt supply for the first time in a month, as the market started pricing in the…

Ukraine Intensifies Attacks on Russian Tankers in the Black Sea

After striking 116 vessels linked to Russia’s shadow fleet in the Sea of Azov in recent weeks, Ukraine’s military is turning its sights on ships in the Black Sea, hitting…

  • Gas
  • July 15, 2026
Entergy and MHI Group explore carbon capture opportunities

By 1 hour ago 2 min read Louisiana-based integrated energy firm Entergy and Mitsubishi Heavy Industries (MHI) Group companies, including Mitsubishi Heavy Industries America (MHIA) and Mitsubishi Power Americas, are…

  • Gas
  • July 15, 2026
Shell takes FID on Bahamas LNG regasification terminal

By 25 min ago 2 min read Multinational energy firm Shell has announced final investment decision on a liquefied natural gas regasification terminal in The Bahamas. The investment includes acquiring…

  • Gas
  • July 15, 2026
SOL makes first entry into Nordic market with healthcare buyout

By 57 min ago 2 min read Italy-based industrial gases multinational SOL Group has acquired Danish respiratory care specialist Nowus Healthcare in a move that will expand its homecare business…

BMI Says Outlook for Oil Prices in Q3 Now Highly Uncertain

The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned in a BMI report sent to Rigzone by the Fitch Group…