Oil and Gas
OPEC Cuts Oil Demand Forecast for 2026
OPEC reduced its oil demand growth forecast for 2026 from 1.38 to 1.17 million bpd, the organization's most significant adjustment in months, with direct…
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Oil and Gas
India increases Venezuelan crude purchases to 427,000 bpd
India raises its Venezuelan crude imports to 427,000 bpd in May 2026, with Reliance Industries as the main buyer, cementing India as the largest…
Midstream
TotalEnergies Arctic LNG 2: Putin authorizes exit to Novatek
TotalEnergies Arctic LNG 2 moves into a new phase after Russia authorized the transfer of its 10% stake to Novatek.
Oil and Gas
DESFA Enables Hydrogen-Ready Natural Gas Network in Western Macedonia
The high-pressure network extends for 157 kilometers and expands supply to new commercial regions through co-financing from European funds.
Oil and Gas
API Reports Seventh Consecutive Drop in U.S. Crude Inventories
U.S. commercial crude inventories fell by 6.8 million barrels in the week ending May 29, marking seven consecutive weeks of reduction, according to the…
Oil and Gas
Brent Hits $97 Amid Hormuz and Iran Tensions
Brent crude approaches $100 per barrel after the breakdown of negotiations between Washington and Tehran regarding the Strait of Hormuz, critical for 20% of…
Oil and Gas
Analysts predict that disruptions in Hormuz will continue until the end of the year
Experts anticipate that the recovery of oil supplies in Hormuz will require several months despite an eventual reopening.
Oil and Gas
Vitol: Market Underestimates the Oil Supply Crisis
Vitol warns that the market underestimates the oil supply crisis: 14 million bpd out of the market and a 4-5 million bpd drop in…
Oil and Gas
Aramco warns that underinvestment in refining exacerbates the crisis
Aramco warns of underinvestment in refining: 3 million bpd lost and 14 million bpd from the Middle East off the market threaten global energy…
Oil and Gas
Oil prices fall as Iran evaluates U.S. proposal to curb conflict
The oil market adjusts positions as Iran evaluates a U.S. proposal to extend the ceasefire.
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