SLB Prepares to Restart 15 Oil Rigs in Venezuela
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing …
Read Full Article$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests
The oil market has remained complacent for months amid the worst disruption in global supply, with crude oil futures rarely topping $100 per barrel over …
Read Full ArticleCopper Backwardation Collapses After 20,000 Tons Hit LME Warehouses
Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock …
Read Full ArticleCentral Asia Blackout Traced to Key Hydropower Plant
Kyrgyzstan has provided some clarity on the source of the recent blackout that impacted four states in Central Asia, while vigorously denying blame for the …
Read Full ArticleWorld's Largest Electric Plane Flies for 27 Minutes on $5 of Power
The world’s largest battery-electric aircraft has completed its first flight using just $5 worth of electricity, with Heart Aerospace’s 25,000-pound X1 demonstrator flying for 27 …
Read Full ArticleThe Strongest El Niño on Record Lands on the Tightest Energy Market in Years
Romania spent more than 2 million euros this month detonating rocks and sinking barges in the Danube, trying to shove enough water toward the Cernavoda …
Read Full ArticleSaudi Aramco Gives Full September Oil Allocations to 3 European Refiners
Saudi Aramco will supply full contractual crude volumes to at least three European refiners in September, offering deliveries from Egypt, Saudi Arabia and through ship-to-ship …
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Oil and gas contracts value reports increase in Q2 2026
Global oil and gas contracts reported a quarter-on-quarter increase of 21% in total disclosed value in Q2 2026.
Read Full ArticleUK Inflation Jumps to 2.9% as Energy Bills Bite
Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of …
Read Full ArticleUAE Freezes Trade With Iran After Missiles Fall Near Its Coast
The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles …
Read Full ArticleEIA Shows Crude Oil Inventories Still Rising
Crude oil inventories in the United States saw a massive increase of 4.4 million barrels during the week ending August 14, according to new data …
Read Full ArticleFire Breaks Out at Rosneft-Owned Refinery After Ukrainian Drone Strike
Ukraine hit a refinery in Russia’s Bashkortostan region overnight in a drone attack that sparked a fire, as Kyiv continues to pound Russian energy infrastructure …
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