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Europe's Gas Storage Hits Lowest Level Since 2011 as Winter Looms
Europe faces spiking natural gas prices this winter amid the lowest gas storage levels in more than ...
Waiting on US payrolls on Friday as earnings flood in
EU mid-market update: Waiting on US payrolls on Fri as earnings flood in; AI agent security concerns...
Canada Clears Path for West Coast Oil Pipeline Build
The Canadian government and Alberta have reached a carbon pricing deal that could finally move a long-discussed West Coast oil pipeline from perpetual Canadian debate into actual construction, with a ...
Trump Administration Pledges SPR Refill With Bonus Oil Barrels
The Trump administration will put back into the Strategic Petroleum Reserve whatever oil it takes out—and then some—during the current emergency drawdown period, Energy Secretary Chris Wright said at ...
US Oil Rig Count Jumps amid Rising Crude Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 ...
Vaca Muerta Emerges as Top Alternative to Middle East Oil Supply Risk
As the Middle East conflict exposes the fragility of global supply chains built around the Strait of Hormuz, energy companies and importing nations alike are reassessing where the next generation of r ...
Xi-Trump Summit Disappoints as Oil Bulls Regain Momentum
Oil prices surged $7 this week as Iran tensions, Hormuz risks, and weak signals from the Xi-Trump summit overshadow bearish OPEC and IEA demand forecasts. Friday, May 15, 2026 In a week that started o ...
Pakistan Uses Diplomacy to Secure LNG Supply from Hormuz
Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that no other energy buyer has managed so far in the Iran war. Pakistan, which was ...
BP Weighs Egyptian Gas Asset Sale in Restructuring Drive
Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil an ...
UK Moves to Ban New North Sea Oil and Gas Licences Permanently
The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a ba ...
India Signs LPG and Strategic Oil Reserves Deal with UAE
India on Friday signed a strategic agreement with the United Arab Emirates to receive liquefied petroleum gas from the UAE, as well as a Memorandum of Understanding (MoU) on strategic petroleum reserv ...
The Tiny Island Caught Between Iran, Iraq, China and the U.S.
Gulf shipping, Iraqi trade access, Chinese infrastructure expansion, and US-Iran military escalation are now concentrated around a new, narrow stretch of water near Kuwait’s Bubiyan Island, which is t ...
Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive
Crude oil prices rallied hard this week as traders focused on the growing supply threat tied to the U.S.-Iran conflict. July WTI crude oil futures settled Thursday at $97.91, gaining $6.79, or 7.45%, ...
ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027
The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait of Hormuz. ADNOC pla ...