Government cites sufficient east coast gas supplies for winter 2026, avoiding export curbs on LNG producers. Australia will not enforce LNG export controls in the third quarter of 2026 after industry assurances of adequate east coast gas supplies. The decision follows expe
Trump's China visit yields no major trade breakthroughs U.S. President Donald Trump wrapped up his visit to China without securing major breakthroughs on trade or Iran. Both sides signaled interest in keeping economic ties stable and expanding energy cooperation.
Developers of the Commonwealth LNG project have taken the final investment decision to build the $13-billion U.S. export plant in Louisiana, underpinned by investments from Kimmeridge, Abu Dhabi-based Mubadala Energy, and Canada Pension Plan Investment Board, the UAE energy...</p
President Trump’s statement that China agreed to buy US oil lifts WTI to $100.05, though Beijing has not confirmed the deal. West Texas Intermediate crude surged past $100.00 to $100.05 after President Trump said China committed to purchasing US oil. The move followed a tw
ADNOC accelerates pipeline project to boost export capacity to 4 million bpd amid Strait of Hormuz disruptions. The UAE is accelerating construction of a new oil pipeline to bypass the Strait of Hormuz, targeting completion by 2027. The move follows a directive from Abu Dh
State refiners increase fuel costs over 3% amid crude oil supply constraints and mounting losses. India’s state-owned refiners increased retail gasoline and diesel prices by $0.031 per liter, marking the first hike in four years. The move follows a surge in global crude oi
Oil prices rise for a second day as buyers maintain control above key moving averages, signaling sustained bullish sentiment. West Texas Intermediate crude trades around $98.20 in Asian hours, extending gains for a second consecutive session. The asset remains within an as
Oil prices retreat slightly as 30 vessels pass through the Strait of Hormuz, but supply risks persist due to stalled US-Iran talks and reduced flows. West Texas Intermediate crude oil trades around $97.60 per barrel, trimming earlier gains as geopolitical tensions ease mar
Strategists see potential for significant oil price spikes if the Strait of Hormuz remains shut through June, straining global supply buffers. Morgan Stanley strategists forecast Brent crude could surge to $150 by summer if the Strait of Hormuz stays closed, tightening glo
India’s crude imports drop 40% after Hormuz closure, pressuring inflation, FX reserves, and GDP growth amid prolonged conflict. India’s oil crisis is escalating as the Strait of Hormuz remains shut for over two months, cutting off 40% of its crude imports. The disruption i
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