Trump to Draw on Petroleum Reserves to Counter Price Hikes
President Donald Trump announced that his administration will tap the US Strategic Petroleum Reserve (SPR) to combat skyrocketing gas prices fueled by the ongoing conflict with Iran.
US | Egypt Oil & Gas
Trump Announces 168,000 bbl/d Refinery Project at Brownsville
US President Donald Trump revealed plans to build a new oil refinery on the southern US border, backed by India’s Reliance Industries, the operator of the world’s largest refining complex, Reuters reported.
Chevron, Shell Near First Major Oil Deals in Venezuela After Maduro Capture
International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five so ...
Bapco Energies Declares Force Majeure After Attack on Refinery Complex
Bapco Energies, a Bahraini energy firm, declared force majeure on its group operations following a recent attack on its refinery complex, the company said in a statement, reported by Reuters. The company said it h ...
Kuwait declares force majeure as Strait of Hormuz disruptions persist
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran en ...
Middle East Conflict Disrupts Oil and Gas Flows, Heightening Global Energy Fears
Rising military tensions between the US , Israel and Iran are disrupting oil and gas supplies across the Middle East, intensifying fears over global energy security and renewed price volatility.
US-Iran Hostilities Disrupt Supertanker Costs to Surpass $423,000 Per Day
Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels amid escalating hostilities between the United States and Iran, according to Reute ...
India Reaffirms Energy Strategy Amid Questions Over Russian Oil Imports
India will continue to rely on a diversified mix of energy sources to ensure stable and affordable supplies for its consumers, Foreign Secretary Vikram Misri said, underscoring New Delhi’s focus on energy security ...
Atlantic Sea LNG Seeks Massive US LNG Deal to Fuel Southern Europe
Atlantic Sea LNG Trade, a joint venture between Greece’s DEPA Commercial and Aktor Group, is negotiating to secure up to 15 billion cubic meters (bcm) of US liquefied natural gas (LNG) annually. The proposed 20-ye ...
