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Oil
Crude Oil
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technica…
CCS
China’s First Offshore Carbon Capture, Utilization and Storage Project Put Into Operation
China’s first offshore carbon capture, utilization, and storage (CCUS) project has officially commenced operations in the Pearl River Mouth Basin, accordi…
Oil Field
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Bloc…
Crude Oil
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official …
Crude Oil
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher c…
Natural Gas
Austrian Gas Hub Records Higher Trading Volumes Despite End of Russian Flows
In 2025, Austria’s Central European Gas Hub (CEGH) in Vienna has seen a rise in trading volumes, despite the cessation of Russian gas transit through Ukra…
Oil Shale
With Output Hikes, OPEC+ Again Targets US Shale Oil
OPEC+, comprising member countries and non-member producers like Russia, has announced plans to increase oil production, aiming to reclaim market share from U.S…
Natural Gas
North Sea Operator Takes Steps to Boost Its Stake in UK’s Largest Gas Field
Ithaca Energy, a UK North Sea oil and gas operator, has signed an agreement to acquire an additional 46.25% operated interest in the Cygnus gas field from Spiri…
Crude Oil
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matt…
Oil Field
New Oil Discovery Springs up in Norwegian Waters
Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’…
Natural Gas
Qatar’s North Field East Gas Expansion to Begin Output in Mid-2026
Qatar’s North Field East Gas Expansion to Begin Output in Mid-2026QatarEnergy announced that its North Field East natural gas expansion project is set to …
Biofuel
Indonesia to Raise Crude Palm Oil Export Levy to Fund Biodiesel, Replanting Initiatives
The Indonesian government has announced an increase in the export levy on crude palm oil (CPO) from 7.5% to 10% of the reference price to fund its national biod…
Crude Oil
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chin…
LNG
TotalEnergies Signs Canada LNG Agreement With Ksi Lisims LNG
On Monday, French energy company TotalEnergies announced a significant agreement with Ksi Lisims LNG to purchase 2 million tons of liquefied natural gas (LNG) a…
LNG
US Department of Energy to Begin Issuing Orders for Pending LNG Export Permits
On Monday, the U.S. Department of Energy (DOE) announced it will begin reviewing and deciding on pending applications to export liquefied natural gas (LNG) to c…
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