Argentina warns UK of legal action over Sea Lion oil development
Argentina’s President Javier Milei has delivered a warning to the UK, setting a two-week deadline to halt oil exploration activity at the Sea Lion oilfield …
Read Full Article
Fluor-JGC JV receives NTP for LNG Canada phase two expansion
Fluor and JGC’s joint venture (JV) has received notice to proceed (NTP) on LNG Canada’s Phase 2 expansion after the project partners made a final …
Read Full ArticleForeign Investors Pull $3.2 Billion From Indian Markets as Oil Rally Returns
The renewed rally in oil prices above $100 per barrel Brent has prompted foreign investors to pull money out of India’s stock and bond markets …
Read Full ArticleIndia Boosts Middle East Oil Imports, Cuts Russian Flows
India has ramped up its crude oil imports from the Middle East while reducing purchases of Russian crude, Indian media have reported, citing data from …
Read Full Article
SLB OneSubsea wins Rovuma LNG subsea systems contract
SLB OneSubsea has won a contract to provide subsea production systems for the first phase of the Rovuma LNG project in Mozambique’s offshore Rovuma Basin.
Read Full ArticleJP Morgan, Goldman Diverge on Hormuz Oil Flow Estimates
Crude oil exports from the Middle East have recovered almost fully to pre-war levels, according to JP Morgan, which also said fuel exports were ramping …
Read Full ArticleOil Prices Climb as Trump Rules Out Easing Iran Sanctions
Crude oil prices ticked higher today, after dipping on Tuesday, following reports that President Trump has no intention of easing sanction pressure on Iran, which …
Read Full ArticleOil's New Normal Is Higher Prices
Oil prices pulled back on Tuesday, reversing recent gains as investors weighed signs of export recovery by Middle Eastern producers against uncertainty surrounding the fate …
Read Full ArticleEurope’s Gas Crisis Deepens as Hormuz LNG Crunch Drives Prices Higher
European natural gas prices have soared dramatically since the war in Iran trapped a fifth of the world’s liquefied natural gas supply behind the Strait …
Read Full ArticleUS Government Presents Regulatory Gift to Gas Automakers
The US government on Monday finalized new lower vehicle fuel economy standards — reversing a push by the Biden administration to build more fuel-efficient vehicles. …
Read Full ArticleUS Distillate Stocks Continue to Fall As Crude Inventories Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 1.019 million barrels in the week ending September 25. …
Read Full ArticleWhite House Weighs Red-Dyed Diesel Relief as Fuel Prices Soar
The U.S. federal government has come up with an alternative to a diesel fuel export ban that could alleviate the price pain at the pump …
Read Full Article