August marks the first month with no Brent crude cargoes loading, threatening the benchmark’s physical basis despite its global pricing dominance. The Brent crude benchmark, which sets prices for over 60% of internationally traded oil, will see no cargoes load from its nam
According to monthly data released Tuesday by the U.S. Energy Information Administration (EIA), U.S. crude oil production climbed to a record 13.934 million barrels per day (bpd) in April—the highest monthly production rate ever recorded The new record surpassed Mar
Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings. Hormuz Plays Red Light, Green Light as Transits Slow Down This Week - Reaching 59 transits, June 24 has marked the highest number of Hormuz crossin
June 30 Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.
Thailand’s state-owned oil and gas firm PTT is in early-stage talks with developers of U.S. LNG export projects to invest in facilities and secure long-term supply, anonymous sources with knowledge of the matter told Bloomberg on Tuesday Thailand looks to secure lon
Shell projects LNG demand will climb 65% from 2025 levels, driven by South and Southeast Asia, despite near-term supply disruptions. Global liquefied natural gas demand is expected to increase 65% by 2050 compared to 2025 levels, fueled by rising consumption in South and S
Oil prices fall 30% in Q1 as easing geopolitical tensions and demand concerns weigh on markets. Brent crude prices are poised for a 30% quarterly decline, marking the steepest drop since the 2020 pandemic-driven collapse. The slump follows a tentative reopening of the Stra
analysts have lowered their 2026 Oil price forecasts for the first time since the Iran war began as shipping through the Strait of Hormuz gradually improves, easing concerns over prolonged supply disruptions. According to a Reuters poll published on Tuesday, analysts have
Morgan Stanley has slashed its oil price forecasts for the next 18 month as it expects the reopening of the Strait of Hormuz to accelerate a new supply glut. The return of oil supply from the Middle East, combined with high U.S. oil exports and still weak Chinese crude pur
Eni and the Libyan National Oil Corporation (NOC), operating together via the Mellitah Oil & Gas joint venture, have begun hydrocarbon production from the Sabratha Compression Project. This offshore initiative aims to maintain and boost gas production at the Bahr Essalam f
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