Crude oil, refining and petroleum product market coverage.
Oil MarketsElena Marsh
The US total drilling rig count remained flat at 603 for a second straight week despite rising crude benchmarks, according to the latest industry data published by Baker Hughes.
Oil MarketsElena Marsh
The US Department of Energy has approved an emergency crude oil loan of up to 400,000 barrels from the Strategic Petroleum Reserve to support Phillips 66's Lake Charles refinery in Louisiana.
Oil MarketsElena Marsh
A joint venture led by Shell has approved the Phase 2 expansion of LNG Canada, doubling terminal capacity to support growing Asian demand via direct Pacific shipping routes.
Oil MarketsElena Marsh
Western efforts to replace rare earth minerals face persistent delays as extensive qualification timelines and depleted US military stockpiles turn industrial manufacturing capacity into an immediate strategic priority.
Oil MarketsElena Marsh
Bottlenecks in transmission infrastructure have driven British grid balancing costs to £500 million in September, even as renewable output remained abundant, according to market reporting.
Oil MarketsElena Marsh
Europe anticipates rising fuel costs and supply challenges this winter, driven by low gas reserves and ongoing geopolitical disruptions impacting global energy markets.
Oil MarketsElena Marsh
Researchers at the University of Texas at Austin suggest that treated Permian Basin wastewater could help meet the substantial water demands of AI data centres, addressing a growing sustainability challenge.
Oil MarketsElena Marsh
US commercial crude oil inventories saw a substantial decrease in the first week of October, according to American Petroleum Institute estimates, while Brent and WTI crude prices increased.
Oil MarketsElena Marsh
Record-high tanker rates are causing a significant oversupply of heavy crude in the Americas, leading to price drops for key regional grades, OilPrice.com reports.
Oil MarketsElena Marsh
Economists predict a moderation in key US inflation metrics for September, potentially offering the Federal Reserve scope to slow interest rate hikes, even with elevated crude prices.
Oil MarketsElena Marsh
China's passenger vehicle retail sales experienced a significant annual decline in September, with manufacturers increasingly relying on overseas markets to offset weak domestic demand.
Oil MarketsElena Marsh
The Trump administration has modified a key federal rural energy programme, requiring farmers to complete projects before seeking funding, which analysts suggest could limit access for many.
Oil MarketsElena Marsh
The chief executive of Vitol Group has indicated that oil prices could reach $200 per barrel if ship-to-ship transfers in the Gulf of Oman are disrupted, underscoring their importance to the market.
Oil MarketsElena Marsh
The total number of active drilling rigs for oil and gas in the United States recorded an increase this week, according to new data from Baker Hughes, published via OilPrice.com.
Oil MarketsElena Marsh
Saudi Aramco has informed European term customers that no Saudi crude will be allocated for October, as the kingdom redirects crude via the Persian Gulf following pipeline damage.
Oil MarketsElena Marsh
French President Emmanuel Macron has called for a G7 meeting to discuss another emergency oil stock release as Europe faces reduced Saudi crude deliveries and elevated diesel prices.
Oil MarketsElena Marsh
The expanding energy requirements of artificial intelligence are accelerating the development of space-based solar power, with one company targeting a grid connection by 2028.
Oil MarketsElena Marsh
Global shipping costs have reached record highs, driven by disruptions in the Middle East and increased traffic through the Panama and Suez Canals, according to OilPrice.com.
Oil MarketsElena Marsh
American companies are aligning to lead the development of Iraq's Akkas gas field, aiming for a significant increase in production by 2030, according to OilPrice.com.
Oil MarketsElena Marsh
The United States has signed an unprecedented deal with Venezuela, acquiring access to 65 billion barrels of proven crude oil reserves for a century, marking a significant shift in global energy dynamics.
Oil MarketsElena Marsh
Iran has stated its intent to establish a new shipping corridor in the Strait of Hormuz, which would be managed by Tehran in coordination with Oman, according to a report by OilPrice.com.
Oil MarketsElena Marsh
An Oakland Institute analysis suggests that most critical minerals currently do not primarily serve the energy transition, attributing the bulk of demand to other sectors.
Oil MarketsElena Marsh
Russia is boosting its Arctic energy corridor, aiming to shorten Asian voyages and reduce reliance on foreign-controlled chokepoints, with Europe's 2027 LNG ban pushing accelerated development.
Oil MarketsElena Marsh
Rosneft CEO Igor Sechin claims China's crude oil purchasing patterns, particularly in spring and summer, have stabilised global oil markets, diminishing OPEC's role.
Oil MarketsElena Marsh
Rosneft CEO Igor Sechin has asserted that China's crude oil buying patterns, particularly during spring and summer, have stabilised global oil markets, positioning Beijing as the primary market influencer over OPEC.
Oil MarketsElena Marsh
The total US rig count remained unchanged this week, as an increase in active oil rigs was offset by a corresponding decrease in gas rigs, according to Baker Hughes data.
Oil MarketsElena Marsh
Citadel, a hedge fund and commodities trader, is reportedly pursuing acquisitions of US oil production assets, following a trend among commodity firms to secure physical crude supplies.
Oil MarketsElena Marsh
The US Bureau of Land Management seeks to shorten the permitting timeline for certain oil and gas projects within Alaska’s National Petroleum Reserve to as little as 60 days.
Oil MarketsElena Marsh
Global green bond issuance reached a quarterly record of $193 billion in Q2 2026, driven primarily by European financial activity, despite persistent market challenges.
Oil MarketsElena Marsh
A new project in Nebraska aims to convert cattle manure into pipeline-quality natural gas, targeting energy production and shipping fuel markets with an annual output of approximately 1.2 million MMBtu.