Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal
Oil Stocks in US Strategic Petroleum Reserve Fall by 5.1 Million Barrels to Lowest Level Since 1983
Chevron Shuts in US Gulf Platform in Preparation for Developing Tropical Storm
Oil Settles 1% Higher as Hopes of Renewed US-Iran Negotiations Offset Houthi Threat
Gulf Oil Exports Briefly Recovered to Pre-War Levels Before Latest Escalation
LNG Shipments Through Strait of Hormuz Grind to a Halt as Conflict Escalates
China’s Fuel Oil Exports Hit 2026 High as Shipping Demand Rebounds
Tankers Fear Hormuz Transit as Iran Stops Vessels
China’s LNG Buying Spree Tightens Global Gas Market
India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher
Iran Claims It Has “Complete Control” Over Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps (IRGC) declared it has “complete control” of the strategic waterway, with fresh attacks on commercial vessels near the Strait of Hormuz overnight intensifying fears that…
U.S. and Japan Ponder Nuclear Energy Project in Massive $550 Billion Deal
The United States and Japan have been considering the inclusion of a nuclear power project involving Westinghouse in the $550-billion package of investment that Japan has pledged in the U.S.…
U.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions Exemption
The U.S. government will exempt the German units of Russian oil major Rosneft PJSC from sanctions indefinitely, Reuters reported on Wednesday, noting that the exemption applies to Rosneft Deutschland and…
Japan Refiners Ask Government to Tap Crude Stocks
Japanese oil refiners are asking the government to release crude from the nation’s strategic petroleum reserves as the Middle East crisis worsens, according to people familiar with the matter. The…
Insurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran War
(Reuters) – Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as…
NRC issues construction permit for first Natrium plant
The technology The Bill Gates-chaired company’s Natrium 345 MWe sodium-cooled fast reactor has a molten-salt-based energy storage system which allows it to temporarily boost output to 500 MWe when needed,…
Asia oil crunch deepens as Middle East conflict disrupts fuel supplies
(Bloomberg) – A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back…
The Chukotka icebreaker’s emergency diesel generators tested
The Chukotka is the fifth of Russia’s Project 22220 fleet of nuclear-powered icebreakers, and is being built at the Baltic Shipyard. The keel was laid down in December 2020 and it was…
