What is the current status of international oil companies operating in Venezuela?
Here are some key facts about the international oil companies operating in Venezuela. The country has vast oil reserves, but a dilapidated infrastructure. Hugo Chavez, the then president, expropriated foreign oil companies in the 2000s to strengthen the control of the PDVSA…
What is the current status of international oil companies operating in Venezuela?
Here are some key facts about the international oil companies operating in Venezuela. The country has vast oil reserves, but a dilapidated infrastructure. In the early 2000s, the then-President?Hugo Chavez took assets from…
Phillips 66, Citgo Look to Directly Buy Venezuelan Crude
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron…
Chile to receive its first Australian LNG in 3 years amid tighter Atlantic supply
According to ship tracking data, two Australian LNG cargoes are on their way to Chile. This would be the first time in three years that Chile has received shipments of this nature. The competition between these two 'basins'…
Vitol executive: Increased LNG supply in the coming decade will put pressure on the LNG market
The head of LNG for global trader Vitol, who spoke on Wednesday, said that a rapid increase in LNG supply in this decade will put downward pressure on the prices. Pablo Galante Escobar, speaking at the LNG2026 Conference in Doha (Qatar)…
Qatar Energy CEO: By 2030, the LNG glut may be reduced to a gap due to AI power requirements.
Qatar Energy CEO Saad Al-Kaabi said on Monday that the expected global glut of liquefied gas could become a shortage in 2030 due to rising demand for gas and fuels, particularly in Asia. The LNG supply expected between 2026-2029…
According to QatarEnergy's CEO, the rising demand for AI-powered power could lead to a shortage of LNG in 2030.
Saad Al-Kaabi, CEO of QatarEnergy, said that the growing demand for electricity from AI and data centers, combined with an increase in fuel consumption in Asia and European gas requirements, could turn a global glut of liquefied gas into a shortage by 2030.
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad…
Imperial Oil shares drop on lower profits; CEO says Venezuelan situation has little impact.
Imperial Oil, a Canadian oil company, saw its share price fall Friday due to a 'lower' fourth-quarter profit. However, the CEO of the company expressed confidence that the company would be able to withstand any changes in…
US crude production still down by 500,000 barrels per day (bpd) from winter storm, according to consultancy estimates
According to Energy Aspects consultancy, around half a million barrels of crude oil per day or 0.5% of the global supply was offline in the United States on Thursday as an Arctic blast gripped large areas of the country in the aftermath of a weekend winter storm.
Enverus reports that the US upstream M&A sector rebounded in Q4, reaching $23.5 billion.
Enverus, an analytics firm, said that the U.S. Upstream Mergers and Acquisitions Market regained its momentum in the fourth quarter of 2025 after a midyear slowdown. The market reached $23.5 billion announced deals in this period and pushed full-year activity to $65 billion.
Chevron to Boost Exports of Venezuelan Oil to US in March
Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday.The U.S.
Ship-tracking company says that US Gulf Coast LNG and oil exports were zero on Sunday as a result of the freeze.
Vortexa, a ship tracking service, reported that exports of liquefied gas and crude oil from U.S. Gulf Coast ports fell to zero on Sunday, before resuming on Monday after a major winter storm hit the nation. A recent Arctic blast has pounded the United States…
Palm oil's output data and rival oils' gains lead to a higher end for the palm oil
The price of Malaysian palm oils futures rose for the second time in a row on Tuesday. This was due to a strong rise in the prices of rival edible oils traded at Dalian, as well as a good export and lower production figures.
Major Gulf bourses see gains as earnings season progresses
Investors focused on corporate earnings drove the early trading on Tuesday on major stock markets across the Gulf. Saudi Arabia's benchmark indices gained?0.4% led by an increase of 0.9% in Al?Rajhi bank. The bank's net profit was 24.79 billion Saudi riyals…
Palmettos rise on Dalian gains, export data and good production data
The market for Malaysian palm oils futures continued to rise on Tuesday. This was due to the increase in rival edible oils traded at the Dalian Exchange, as well as a good export and lower production. By midday, the benchmark…
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers lost as much as 2 million barrels per day or 15% of their production during the weekend. This was due to a winter storm which ravaged the nation, straining the?energy grids and infrastructure.
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers of oil lost up to two million barrels per day, or about 15% of the nation's production, over the weekend as a winter storm swept through the country, straining the energy infrastructure and the power grids.
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally bound for Asia towards Europe and Turkey. The fall in temperatures in northern…
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally destined for Asia towards Europe and Turkey. The fall in temperatures in the northern hemisphere is boosting heating demand.