Indian Refiners in Panic Buying Mode
Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain.
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Parts of Russia Running Out of Fuel amid Refinery Attacks
Several regions of Russia are facing fuel shortages again after Ukraine resumed almost daily attacks on oil refineries in the country.
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Bernhard Completes Acquisition of New Mexico Gas from Emera
Bernhard Capital Partners completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera for around $1.25 billion.
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ConocoPhillips Starts Production at New Alaska Oil Project
'ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote'.
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Argentina LNG Seeks Government Incentives
The Argentina LNG consortium filed an application for the government's Large Investment Incentive Regime.
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BP Wins New Venezuela License
BP estimates four trillion cubic feet of recoverable gas resources in the project, part of the Plataforma Deltana area, and expects to deliver it 'in parallel with phase 1'.
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US to Soon Unveil Unprecedented Sanctions on Iran
The move will be part of a 'one-two punch' that includes the continued blockade of Iran's ports, Treasury Secretary Scott Bessent said.
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India Seeks More USA LPG
India's state-owned refiners are in talks to secure more U.S. liquefied petroleum gas under annual contracts for next year.
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Oil Falls as Iran Talks Remain Stalled
Crude retreated as traders assessed Hormuz shipments and rising US inventories.
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EIA Predicts Record Annual USA Oil Output in 2026
The U.S. Energy Information Administration projected that annual U.S. oil production will hit a record this year.