Energy Market News & Updates
Stay informed with the latest developments in the global petroleum market. We curate essential news covering price fluctuations, geopolitical impacts, and supply chain shifts.
Nigeria Joins IEA As Crude Output Hits Six-Year High
Nigeria has ambitious energy plans for the coming decades, including expanding its oil industry and accelerating the dev...
Why Record Heat Failed to Lift U.S. Natural Gas Prices
Henry Hub natural gas averaged $2.93 per million British thermal units from June through August, 6% below the same perio...
Venezuela Oil Output Could Hit 1.8 Million Bpd By 2030, Rystad Says
Venezuela’s upstream oil sector is attracting its broadest pool of international operators and capital in decades, with...
U.S. Oil, Gas Drilling Perks Up As Pressure Mounts
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that...
BP Eyes Bigger U.S. Shale Footprint After Devon Deal Talks
BP has started looking seriously at U.S. shale assets again, including Devon Energy’s Eagle Ford business, as CEO Meg O’...
Why WTI Is Suddenly Trading $12 Below Brent
Oil prices edge higher as Hormuz diplomacy, soaring freight costs and diesel market fears drive a widening Brent-WTI spr...
EU Shrugs Off Gas Supply Fears Despite Low Storage Levels
The European Union’s natural gas supply remains stable, according to the Gas Coordination Group, which advises the Europ...
Trump’s Diesel Export Threat Puts Britain on Edge
President Trump’s newest trade threat sent markets into a frenzy once again on Friday. Earlier this week, Trump said he...
Italy Pushes Refineries to Raise Fuel Output Amid Price Surge
Italy’s industry and energy security ministers will meet with executives from the Italian refining sector in early Octob...
Beijing's Iran Oil Trade Draws Fresh Criticism From Capitol Hill
US lawmakers and national-security experts are pressing President Donald Trump to take tougher action against Chinese en...
WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that...
U.S.-Iran Talks Revive June Plan for Ending Hormuz Standoff
Politics, Geopolitics & Conflict The U.S. and Iran are back to negotiating over the same basic bargain that briefly ende...
Aramco Restores East-West Pipeline as War Risk Closes In on Yanbu
Saudi Aramco has restarted its East-West pipeline (Petroline) less than two weeks after attacks knocked out the 7 millio...
EU Pressures UK to Match Its Tariffs on Chinese-Made Cars
The European Union is urging the UK to raise tariffs on China-made cars that would bring its customs policy closer to th...
India Weighs Mandatory Imported Coal Blending as Plant Stocks Crumble
India is weighing ideas to mandate imported coal blending at power plants as coal stocks at many facilities have crumble...