Several United States environmental policies may be weakened or removed following a week of announcements by various agencies with plans to introduce major changes. This could mark the largest rollback of environmental protections under any administration. In November, the U.S. Environmental Protection Agency (EPA) proposed to remove federal protections from …
Read More »Iraq Ranks Third among US Oil Suppliers
Iraqi oil exports to the United States increased last week, according to the US Energy Information Administration (EIA.) The EIA reported on Sunday that the average US crude oil imports from 8 key countries reached 5.692 million (bpd) this week, up from 5.337 million bpd from the previous week’s average. …
Read More »U.S. LNG Exports Set to Surge 40% as Europe Buys Record Volumes
Exports of liquefied natural gas from the United States are on track to book a 40% annual increase this month, hitting 10.7 million tons, projections from Kpler have shown, as cited by Bloomberg. An ample supply of liquefied gas has already pushed natural gas prices down in Europe, with prices …
Read More »Armenia Secures Key U.S. Approval for $500 Million AI Supercomputer Hub
An Armenian $500-million initiative to develop an artificial intelligence and supercomputer hub has taken a major step forward after US regulators approved the transfer of advanced Nvidia chips. The project is being developed by Firebird, an AI startup launched in June with offices in San Francisco and Yerevan, in collaboration …
Read More »LNG Shipping Rates Surge to Two-Year High as U.S. Exports Soar
Spot charter rates to hire an LNG tanker on the U.S. to Europe route have jumped to their highest level in nearly two years as soaring American exports tighten the Atlantic LNG vessels market. The spot charter rate for a tanker to ship LNG from the U.S. to Europe surged …
Read More »New U.S. Sanctions could Leave 48 Million Barrels of Russian Oil Adrift at Sea
U.S. sanctions on the global operations of Russian oil heavyweights Rosneft and Lukoil enter into effect today, with some 48 million barrels of Rosneft and Lukoil crude on tankers that will now have to look for new destinations. Bloomberg reported the figures, citing Kpler data and noting that the cargoes—mostly …
Read More »LNG Tanker Rates Soar on Booming U.S. Exports
LNG carrier rates for the Atlantic route between the U.S. and Europe have surged close to a two-year high on strong demand for American liquefied gas as Europe fills up its storage ahead of winter. The spot rate hit $98,250 per day on Monday, Bloomberg reports, which was a 19% …
Read More »Ukraine to Get U.S. LNG from Greece to Secure Winter Gas Supply
Ukraine this weekend signed agreements to receive natural gas from U.S. LNG cargoes arriving in Greece as it aims to secure gas supply for the winter amid intensified Russian attacks on Ukrainian energy infrastructure. During a visit of Ukrainian President Volodymyr Zelenskyy in Athens, Ukraine’s national oil and gas firm …
Read More »Iraq’s Weekly Oil Exports to US Decline to 149,000 bpd
The US Energy Information Administration (EIA) revealed on Sunday that Iraq’s weekly oil exports to the United States declined during the last week. The United States imported an average of 4.67 million barrels of crude oil per day from seven major countries last week, according to the EIA. This is …
Read More »India’s Refiners Turn to the U.S. in Break from the Gulf
India’s state-run refiners have locked in their first-ever long-term deal to import U.S. liquefied petroleum gas (LPG), awarding tenders to Chevron, Phillips 66, and TotalEnergies Trading for delivery beginning in 2026—a move that marks a geopolitical and commercial break from the Middle East and a step toward appeasing Washington. The …
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