Putin Says Russia Will Never Bow to US Pressure, Warns on Missiles

(Reuters) – President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power, and cautioned that it would deliver…

US Reopens Alaska Wildlife Refuge to Oil and Gas Development

(Reuters) – The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by resuming oil and gas leasing in…

Valero Trumps Q3 Earnings Estimates as Refining Margins Soar

Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% from a year earlier, exceeding the average increase in U.S. refining margins. …

Sonatrach Returns to Libya for Oil and Gas Exploration

Algerian state energy firm Sonatrach resumed oil and gas exploration drilling in Libya in mid-October, Libya’s National Oil Corporation (NOC) said on Thursday, as several international majors have restarted work…

Oil Futures Return to Structure Signalling Tight Supply on Russia Sanctions

(Reuters) – The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a…

Google Backs US Gas Power Plant With Carbon Capture for Midwest Data Centers

(Reuters) – Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its…

OPEC Ready to Raise Oil Output if Required After US Sanctions on Russia, Kuwaiti Minister Says

(Reuters) – OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on…

Oil Majors Drop Deals with Chinese Refiner Sanctioned by the UK

International oil majors have canceled spot cargo sales of Middle Eastern and Canadian crude to Shandong Yulong Petrochemical after the Chinese refiner was sanctioned by the UK last week, Reuters…

EU Includes Russian LNG Import Ban in 19th Sanctions Package

The EU on Thursday adopted the 19th sanctions package against Russia, which includes a ban on imports of Russian LNG from 2027, sanctions on additional shadow fleet vessels and on…

China Continues Russian Arctic LNG Imports Despite Sanctions

The sanctioned Russian Arctic LNG export facility continues to ship cargoes to China as the U.S.-sanctioned project did not incur additional sanctions in Wednesday’s U.S. package imposed “as a result…