Oil

Ohio Natural Gas Power Project Launches First Energy Cooperation Under U.S.-Japan Investment Framework

The U.S. Department of Commerce announced on Tuesday that a planned 92-gigawatt natural gas power complex near Portsmouth, Ohio, is one of the first projects un…

U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%

The U.S. Energy Information Administration (EIA) released its weekly inventory data for the week ending February 13, 2026, showing that U.S. commercial crude oi…

ConocoPhillips Considers Selling Permian Basin Assets Worth Approximately $2 Billion

ConocoPhillips is currently considering selling some of its assets in the Permian Basin to further streamline its investment portfolio. According to informed so…

Canadian Natural Gas Production Hits Record High, Surpassing 20 Billion Cubic Feet per Day for the First Time

According to the latest data released by the Canada Energy Regulator (CER), in November 2025, Canada's natural gas production reached a historic high, surpa…

Western Canada Select Crude Oil Discount Widens to Near One-Year High

The discount for Western Canada Select crude oil relative to the North American benchmark West Texas Intermediate futures widened to its highest level since Jul…

Centrica Energy and Seneca Resources Sign Long-Term MiQ Methane Emissions Certificate Agreement

Centrica Energy and Seneca Resources have recently entered into a 10-year agreement involving the procurement of MiQ-certified natural gas certificates, aimed a…

Equatorial Guinea Advances Plan to Expand Natural Gas Export Facilities

Equatorial Guinea has made significant progress in enhancing its liquefied natural gas (LNG) export capacity. The country's LNG export facility, with an ann…

Approval of Texas Deepwater Oil Terminal to Boost U.S. Crude Export Capacity

The U.S. federal government recently approved a project to construct a deepwater oil terminal along the Texas coast, which is being advanced by Sentinel Midstre…

Libya Plans to Boost Gas Exports to Europe by 2030

Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporatio…

Hindalco Invests to Expand Aluminum Smelting Capacity and Launches Battery Foil Production Line

Hindalco Industries, the metals business of India's Aditya Birla Group, has announced an investment of ₹210 billion to expand its aluminum smelter in Samba…

Victoria's Gas Supply Strategy Sparks East Coast Energy Policy Divisions

Victoria's measures to address forecasted gas supply shortages have reignited a broad discussion about the role governments should play in energy supply, mo…

BP and Corteva Establish Biofuel Feedstock Joint Venture to Advance Sustainable Energy Development

BP and the U.S. agricultural technology company Corteva Agriscience recently jointly announced the formal establishment of a joint venture named Etlas™, f…

UK Plans to Mobilize £100 Billion Investment in Clean Energy and Carbon Reduction by 2030

The UK National Wealth Fund recently unveiled a significant plan, aiming to mobilize over £100 billion in funding within the next five years to support cl…

New Oil and Gas Resources Discovered in the Knockando Fensfjord Exploration Area in the North Sea Brage Region

Norwegian oil and gas operator OKEA and its partners recently made a new oil and gas discovery in the Knockando Fensfjord exploration area within the North Sea …

Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022

Driven by climbing energy prices and improving industry fundamentals, the stock prices of U.S. oil giants ExxonMobil and Chevron have shown strong performance r…