Russian Gas Exports to Europe Surged in July
The end of maintenance works boosted Russia’s natural gas exports via pipeline to Europe by 37% in July compared to June, data calculated by Reuters showed on Friday. Russian gas supply via pipelines to Europe has slumped since 2022, after Russia cut…
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Oil Prices Climb Amid U.S.-EU Trade Hopes and Russian Export Restrictions
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 Chevrons return to Venezuela, which analys…
Trade Tensions Cloud Oil Outlook Despite Global Supply Headwinds
Oil prices fell for a fourth straight session on Wednesday, with lingering uncertainty over looming tariffs by the Trump administration continuing to dampen sentiment ahead of the August 1 deadline, which a Mizuho analyst described for Seeking Alpha a…
U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple…
Big Oil’s Power Couple Heads to Guyana
Following the completion of Chevron’s acquisition of Hess Corporation, the U.S. supermajor will need to overcome a previously strained relationship with its biggest competitor at home, ExxonMobil, and work together as joint venture partners in the ho…
Baker Hughes Reports Uptick in U.S. Rig Count
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a string of losses for US drillers.The total rig count in the US rose by 7 to 544 rigs…
Why Oil Prices Could See a Significant Upside Shift
The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities. According to commodit…
U.S. Vows to Quit IEA if the Agency Keeps Pushing Green Transition
The United States could abandon the International Energy Agency (IEA) if the organization, created in the aftermath of the 1970s Arab oil embargo, doesn’t return to forecasting energy demand without strongly promoting green energy.“We will do one of…
Russia’s Cheap Oil Ride to India Hits a Fragile Plateau
Freight rates for Russian Urals crude from Baltic ports to India have dipped again in July, falling to $5.0–$5.3 million per Aframax shipment—down from $5.5–$5.7 million in June—as more tankers become available. But traders warn: don’t get too co…
Trump’s Tariff Threat Looms Over Brazilian Oil Exports
Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50% tariffs on the South American giant for allegedly persecuting right-wing ex-president Jair Bolsonaro. In a post on Truth Social, …
Brazil, Guyana, Argentina Fuel a New Oil Boom
At the recent gathering of BRICS nations in Brazil, the members’ joint statement contained an interesting assertion. BRICS leaders said that, while recognizing the need for an energy transition, they “acknowledge fossil fuels will still play an impo…