Santos commits $160m to expand PNG gas production, targeting 135 mscf/d incremental capacity by Q2 2028. Santos has sanctioned the Agogo tie-in project in Papua New Guinea, involving a 19km pipeline and two new wells to connect gas production to the PNG LNG pipeline. The p
The Energy Information Administration (EIA) released the Monthly Energy Review on Tuesday. The report showed that the US hit a record energy production in 2025, recording a 3.4% increase from the previous record set in 2024. “Total production was driven by record-high prod
The agreements cover slightly over 1 million metric tons annually for five years, expanding Venture Global’s LNG export commitments. Venture Global announced new liquefied natural gas supply deals with TotalEnergies and Vitol, totaling slightly more than 1 million metric t
West Texas Intermediate (WTI), futures on NYMEX, is 2.6% higher to near $98.00 during the European trading session on Tuesday. The oil price gains sharply amid growing doubts that the temporary ceasefire between the United States (US) and Iran, announced in early April, wo
The U.S. government will loan about 53.3M barrels of crude from the Strategic Petroleum Reserve to nine companies as part of its contribution to the International Energy Agency's coordinated action to stabilize global oil supplies. The companies that were granted
Shipping data shows a rebound in China’s liquefied natural gas imports, though volumes remain below the five-year average. China’s liquefied natural gas imports have climbed from April’s eight-year low, with the 30-day moving average reaching its highest level since late F
Brent crude trades at $104.21 despite heightened US-Iran tensions and a functionally closed Strait of Hormuz, reflecting muted market reaction. Brent crude rose modestly to $104.21 per barrel, up 2.88%, while WTI remains below $100, despite renewed US-Iran tensions. Market
Oil prices climb for a second day as geopolitical tensions in key transit regions threaten global supply stability. West Texas Intermediate crude oil prices approached $96.00 on Tuesday, extending gains for a second consecutive session amid rising supply concerns. WTI trad
Crude prices climb after President Trump rejects Iran’s demands, ending ceasefire negotiations and lifting oil benchmarks. Brent crude rose to $104.86 a barrel and West Texas Intermediate reached $98.93 after US-Iran peace talks stalled. President Trump dismissed Iran’s re
Geopolitical tensions and fears of Strait of Hormuz disruptions lift oil prices in early Asian trading. West Texas Intermediate crude oil climbed to $95.70 in early Asian trading Tuesday, extending gains above $95.50. The move follows heightened geopolitical risks, includi