Shell-led consortium approves $23bn Phase 2 expansion, doubling LNG Canada capacity
The greenlight roughly doubles the project's export capacity and marks a major new build in the Canadian LNG sector as buyers seek non-Hormuz supply.
Rigzone · +4 outlets
Oil prices surge after Trump rejects Iran's plan to reopen Strait of Hormuz
The rejection hardened the Hormuz standoff, with Iran threatening regional energy infrastructure if its security is not guaranteed.
Oilprice · +14 outlets
Oil retreats as Saudi Arabia restarts loading at Yanbu and supply fears ease
Crude slipped as recovering Saudi and Gulf exports tempered shortage concerns, with traders watching US-Iran diplomacy.
Rigzone · +11 outlets
European gas crisis deepens as Hormuz LNG crunch drives prices higher
Roughly a fifth of the world's LNG supply is trapped behind the Strait of Hormuz, pressuring European governments on energy costs.
Oilprice · +13 outlets
US to offer another 40 million barrels from Strategic Petroleum Reserve as diesel tops $6
The DOE is tapping the SPR again nearly seven months into the Iran war as gasoline and diesel prices stay elevated.
Oilprice · +14 outlets
White House urges EU to release diesel from strategic reserves, weighs US export ban alternatives
With diesel at record highs, Washington is pressing Europe to draw down inventories and weighing red-dyed diesel relief as an alternative to an export ban.
Oilprice · +9 outlets
US strategic oil reserves fall to lowest level since 1982
Repeated drawdowns have taken the reserve to a multi-decade low as Washington seeks to ease fuel prices.
AzerNews · +14 outlets
IEA ready to discuss further oil stock releases as EU energy costs soar
The agency could weigh additional coordinated reserve releases as European fuel costs rise and inventories tighten.
Euronews.com · +13 outlets
US finalizes weaker fuel economy standards in win for gas automakers
The Trump administration reversed Biden-era efficiency targets, a move seen as boosting sales of gas-powered cars and trucks.
Oilprice · +14 outlets
US crude inventories rose 1 million barrels last week, defying draw forecasts
The API build came against expectations of a 1.9 million barrel draw, while distillate stocks continued to fall.
Oilprice · +14 outlets
EU eyes one-year delay to methane rules as winter energy risks rise
Brussels is considering deferring methane reporting for imported oil and gas as tight supplies collide with its climate agenda.
Oilprice · +6 outlets
US gasoline prices ease in 32 states but remain near records in California, Tennessee
National averages slipped while West Coast and Southern markets hovered near all-time highs, prompting state-level responses.
AAA · +14 outlets
Dangote targets 10 million investors in Africa's biggest IPO
The Nigerian refinery group is pitching an 'IPO for the people' as it lists on public markets.
Oilprice · +12 outlets
India unlikely to ditch Russian crude despite Trump's 100% tariff threat
The US is proposing steep tariffs on buyers of Russian energy even as India resists cutting imports.
Crude Oil Prices Today · +8 outlets
Hormuz crisis pushes India to boost domestic oil and gas exploration
New Delhi is looking to expand exploration as the Strait of Hormuz standoff threatens import-dependent supply.
Crude Oil Prices Today · +14 outlets
Kenyan court pauses Dangote's $16 billion refinery project
The order halts construction after petitioners challenged the East African refinery plan.
Rigzone · +8 outlets
California and EU move to rein in AI's water and power consumption
Officials on both sides of the Atlantic announced policies to track and limit the energy and water use of data centers.
Oilprice
Iran threatens Middle East energy infrastructure as Hormuz standoff deepens
Tehran raised rhetoric while awaiting a US response to a plan it says would reopen the Strait.
Oilprice