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IEA Birol: we are not talking about a second release from strategic oil reserves
Fatih Bibil, the IEA's chief, said on Monday that they are not presently?discussing a?second?release of strategic oil reserv?es. Birol replied "Not at the moment" when asked if the agency would be discussing a second release from strategic reserves. Birol said that the IEA always…
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US sanctions against Iran are being expanded in an 'economic assault'
The Trump administration announced on Monday that it would be expanding the secondary sanctions imposed on countries and entities with business ties to Iran around the world. Washington is increasing economic pressure against Tehran as its war approaches six months. Treasury Secretary…
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Bessent: US Treasury will stick to its debt auction schedule, despite larger buybacks
Treasury Secretary Scott Bessent announced on Monday that the U.S. Treasury would continue its regularly scheduled auctions of debt, including those for long-dated securities, despite the?move? to increase the buyback size of 10- to 30 year?securities. Bessent responded to a question…
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Wellbred, an oil trader sanctioned by the United States over Iran-related links
As part of its efforts to target Tehran's international financial connections, the United States has imposed sanctions against Singapore-based Wellbred Capital, and its trading companies in?the United Arab Emirates, and Switzerland. On Monday, the Office of Foreign Assets Control of the U.S.
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Indian shares are down as Middle East tensions continue, and the Nifty expiry date looms.
Indian?shares fell on Tuesday, as oil prices rose due to Middle East tensions. Investors also awaited the expiration of the Nifty 50 derivative contracts. As of 9:58 a.m. IST, the BSE Sensex fell 0.24% and the Nifty dropped 0.32% to 24,142.25. Fourteen out of 16 major sectors posted losses. Small-caps and middle-caps remained muted.
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Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long…
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Woodside Energy's profit for the first half of the year beats expectations due to higher oil prices
Woodside Energy announced a 7% increase?in its half-year profits?on Tuesday, driven by a surge in the price of oil due to…
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Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project…
Latest news
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US Judge dismisses legal challenge against Trump's offshore drilling expansion
A federal judge in Alaska on Monday dismissed a lawsuit filed by environmental groups to challenge President Donald Trump’s…
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
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TotalEnergies CEO: New exploration planned in Norway
TotalEnergies, the French oil giant, will appoint an exploration manager in Stavanger to examine new projects?in?the country.
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Source: U.S. Treasury will expand scope of secondary sanctions against Iran
A source familiar with Trump's plans said that the U.S. Treasury is expected to expand the scope of secondary sanctions the…
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Equinor, Aker-BP and Vaar will cooperate in Norway for frontier oil exploration
Equinor Aker BP Vaar Energi? plan to?cooperate in oil and gas exploration on the so-called high impact frontier areas of Norway’s continental shelf.
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Sinopec, a Chinese refiner, will increase oil imports outside of the Gulf
Sinopec, the Chinese oil refiner, will source more of its 'oil' from Brazil, Africa, and other countries to combat supply…
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Exxon aims to increase oil production by automating drilling in the Permian.
ExxonMobil's contractor in rural west Texas, where oil rigs, pump jacks, and sparse, flat terrain are everywhere, sits on a drilling platform…
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Uniper, a German gas importer, signs a 15-year deal with Equinor in Norway
Germany's Uniper signed a contract to import more than 30 terawatt-hours of gas per year from Equinor starting in 2027. After…
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Sources: Vatican to build EUR100 Million Renewable Energy Plant
Sources involved in the project have confirmed that the Vatican plans to build a renewable energy plant worth approximately…
Shale Oil & Gas
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Equinor, Aker-BP and Vaar will cooperate in Norway for frontier oil exploration
Equinor Aker BP Vaar Energi? plan to?cooperate in oil and gas exploration on the so-called high impact frontier areas of Norway’s continental shelf.
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Sinopec, a Chinese refiner, will increase oil imports outside of the Gulf
Sinopec, the Chinese oil refiner, will source more of its 'oil' from Brazil, Africa, and other countries to combat supply…
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Exxon aims to increase oil production by automating drilling in the Permian.
ExxonMobil's contractor in rural west Texas, where oil rigs, pump jacks, and sparse, flat terrain are everywhere, sits on a drilling platform…
LNG
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
Renewables
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Palm oil falls as Chicago soyoil weakens
Malaysian palm oil futures fell on Monday, ending a five-session winning streak. Weakened soyoil prices and reduced U.S.
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Sinopec's profit for the first half of this year increased 19.3% despite Iran War and falling demand
Sinopec, China, reported a 19.3% increase in net profits for the first half of 2026. This was despite the Middle East conflict…
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Sources: Vatican to build EUR100 Million Renewable Energy Plant
Sources involved in the project have confirmed that the Vatican plans to build a renewable energy plant worth approximately…
