Oil prices fall as Qatar PM to visit Tehran, Iran-Oman push interim Hormuz reopening talks
Diplomatic efforts to resume shipping through the Strait of Hormuz are advancing, with Qatar's PM visiting Tehran and Iran and Oman discussing an interim framew
Rigzone.com · +1 outlets
Qatar and Kuwait restore 70% of pre-war oil exports through Strait of Hormuz
The two Gulf states have boosted crude exports via ship-to-ship transfers to 70% of pre-conflict levels, following the UAE's lead.
Oilprice.com · +2 outlets
Another tanker struck by projectile in Strait of Hormuz as shipping crisis deepens
The UK Maritime Trade Operations reported another tanker hit by a projectile in the strategic chokepoint, underscoring ongoing risks despite diplomatic efforts.
Oilprice.com
TotalEnergies exits Russia's sanctioned Arctic LNG 2 project, transfers 10% stake to Novatek
The French supermajor completed the transfer of its impaired stake, ending its participation in the sanctioned Russian Arctic LNG export project.
Oilprice.com · +2 outlets
Japan plans to support construction of pipelines bypassing Strait of Hormuz
Japan intends to back new pipeline infrastructure that would allow crude shipments to circumvent the strategic chokepoint.
Rigzone.com
Weak Asian oil imports challenge claims of surge in Hormuz transits
Asia is expected to import roughly the same crude volumes in August as July, contradicting US Administration claims of a surge in tanker crossings at the Strait
Oilprice.com
Aramco offers more September crude to Asian buyers via ship-to-ship transfers as Hormuz workaround
Saudi Aramco is bypassing Strait of Hormuz disruptions by using tanker handoffs to keep crude flowing to Asian customers.
Oilprice.com · +1 outlets
Equinor targets 27% international production growth by 2030
The Norwegian oil major is pursuing an international growth strategy focused on fewer but more lucrative overseas assets alongside its home market.
Oilprice.com
CNOOC posts record profit as China pumps more oil at home amid import disruptions
China's push to boost domestic oil and gas production is paying off as imported energy becomes more geopolitically complicated, with CNOOC reporting record firs
Oilprice.com
Thailand accelerates clean energy push, embraces nuclear power to cut LNG dependence
Thailand plans to accelerate renewable energy rollout and introduce nuclear power for the first time to reduce reliance on imported LNG amid the Middle East cri
Oilprice.com
Alberta Premier rejects using oil exports as weapon against Trump tariffs
Premier Danielle Smith opposes slapping export taxes on crude to the US in retaliation for Trump's tariffs, saying such measures would damage Canada.
Oilprice.com
Drivers could see $4 gasoline on Labor Day for first time ever, GasBuddy warns
GasBuddy warns US drivers may face $4-a-gallon gasoline on Labor Day for the first time in history.
Rigzone.com · +1 outlets
Global oil security looks shakier as conflicts hit 45 million bpd of supply
Nearly half of the world's oil supply is produced in regions currently engaged in hot conflicts, raising questions about long-term supply security.
Oilprice.com
Indian refiners scale back Russian crude buying, widen oil search
Indian refiners are reducing purchases of Russian crude from elevated levels and diversifying their sources.
Rigzone.com · +1 outlets
Ukrainian forces attack oil refinery and gas processing plant in Russia
Ukraine said it struck an oil refinery and a gas-processing plant inside Russian territory overnight.
Rigzone.com · +1 outlets
Woodside retreats on clean energy, doubles down on LNG
Australia's largest oil and gas producer is scaling back its clean energy ambitions to focus on fossil fuels.
Rigzone.com
MIT uses AI to challenge century-old ammonia production process
MIT researchers are applying AI to develop alternatives to the fossil-fuel-powered Haber-Bosch process, which consumes 2% of global energy and generates 1.5% of
Oilprice.com
Trump administration's geothermal push gets big test in Utah desert
A geothermal energy project in Utah is being closely watched as a test of the administration's push for the renewable energy source.
Rigzone.com · +1 outlets