Tag Archives: Oil Price

The global diesel market is entering a new phase of structural tightening, with fresh EU sanctions targeting refined fuels from Russian crude force a realignment of trade flows across Asia, the Middle East, and Europe. Under measures confirmed on Monday by EU officials, imports of diesel and gasoil processed in …

In a pivotal shift for Eastern European energy flows, Ukraine’s state-owned Naftogaz has signed its first-ever gas supply agreement with Azerbaijan’s state-run SOCAR, leveraging the Trans-Balkan corridor to bypass Russian infrastructure for the trial delivery of Azerbaijani gas routed through Bulgaria and Romania directly into Ukraine. The shipment marks Ukraine’s …

The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland. The announcement sent …

Over the past couple of years, China has become the world’s largest importer of Liquefied Natural Gas (LNG), surpassing Japan as the top buyer of super-chilled gas since 2021. China’s surging LNG imports have been shaping Asian energy flows, with the country accounting for more than 40% of the continent’s …

United States President Donald Trump announced plans in July to tighten federal permitting to restrict solar and wind energy development. This follows the passing on Trump’s One Big Beautiful Bill Act, which seeks to expand the fossil fuel and nuclear power sectors while also halting renewable energy progress in the …

Earlier this week, Chevron completed its acquisition of Hess Corp. It was one of the largest deals in the oil and gas space in recent history, after Exxon’s takeover of Pioneer Natural Resources, finalized in 2024. With that out of the way, the question begs to be asked: could the …

Geothermal energy holds massive potential to disrupt global energy markets and provide nearly limitless and constant clean energy. Unlike solar and wind energy, which rely on climatic factors outside of human control, the heat from the Earth’s core is a steady and constant commodity. It’s just a matter of tapping …

Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue, contributing to high levels of greenhouse gas emissions. The International Energy Agency (IEA) and several state governments are aiming to achieve a global green transition, but decarbonising certain sectors, such as the …

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending. The total rig count in the US fell …

Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports. Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable …