Oil Market: Brent at $92 Despite Hormuz Crisis
Traders and analysts from three major investment banks agree that structural uncertainty prevents a deeper correction.
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Global oil inventories fuel bullish expectations
Global oil inventories post sharp declines in the U.S. and Asia, strengthening bullish expectations in the energy market.
LNG Cargoes in Hormuz: 12 Vessels Depart Despite Crisis
The LNG carriers Lebrethah and Rasheeda, operated by QatarEnergy, and the vessel Marigold, from ADNOC, reappeared outside the Strait bound for Pakistan, India, and Southeast Asia.
SLB and PDVSA Finalize Digital Transformation Agreement in Venezuela
The purpose of the MoU is to modernize the Venezuelan oil and gas industry through digital technology.
EIA oil inventories fall to multi-decade lows
The EIA projects that OECD oil inventories will fall to 2,287 million barrels by December 2026, a historic low.
Asian LNG Demand Hits Five-Month High
Petronas, the Malaysian national oil company, and JERA, Japan's largest LNG buyer, signed a 20-year, 2 Mtpa supply agreement on Tuesday.
Exxon Guyana production exceeds 900,000 bpd in 2025
ExxonMobil reported that its stake in the Stabroek consortium generated net income of US$4,670 million in 2025.
Oil rises amid escalation between the U.S. and Iran
Tension in the Strait of Hormuz escalates with U.S. and Iranian military operations.
Sempra Texas Invests US$7 Billion in Transmission
The investment will support 16 GW of new data center and AI demand on the ERCOT grid.
Subsea umbilicals drive gas project in Indonesia
Advanced subsea umbilicals will support the development of the Kutei North Hub project in Indonesia, a key initiative for offshore gas.
LNG Terminal Drives Energy Security in New Zealand
The LNG terminal planned by New Zealand seeks to guarantee energy supply and strengthen the stability of the electrical system.
Hormuz transit fees: Iran proposes charging for the Strait
The Strait of Hormuz will remain open under a new regime jointly established with Oman.