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…
Latest Oil and Gas News
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.
Oil and Gas
Petrobras awards SBM Offshore the SEAP-I and SEAP-II FPSOs
Petrobras commissioned two FPSOs from SBM Offshore to develop oil and gas production in Sergipe-Alagoas.
Midstream
U.S. LNG flows fall due to maintenance at terminals
U.S. LNG flows fell to a four-month low after maintenance at Golden Pass and Freeport LNG, impacting the natural gas market.
Oil and Gas
CB&I to build five LNG storage tanks for the Commonwealth LNG project
CB&I will construct five LNG storage tanks for the future Commonwealth LNG terminal in Cameron, Louisiana.
Downstream
Naphtha Sohar: ADNOC Achieves Historic Alternative Route to Asia for 2026
In April, ADNOC halted approximately 1 million metric tons per month of naphtha exports from its Ruwais refinery.
Oil and Gas
Oil Inventories Could Fall to Critical Levels This Summer
The IEA estimates that even if an agreement were reached today to reopen the Strait of Hormuz, normalizing transit could take six to eight…
Maritime
Product tankers and an LNG shipment reactivate limited movements in the Strait of Hormuz
The Aframax Cy Victorious exited the Strait of Hormuz on May 30 with at least 80,000 metric tons.
Oil and Gas
ACG Gas: BP Starts Production, Unlocking Up to 6 Tcf in the Caspian
BP has initiated the first production of non-associated ACG gas in the Caspian Sea's ACG field, with estimated reserves of 4 Tcf and a…
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