Iran's Calculated Strike: Why Oil Prices Fell
On Monday June 23, 2025, Iran launched a missile strike on the U.S. Al-Udeid Air Base in Qatar—a retaliatory move following U.S. airstrikes on Iranian nuclear facilities over the weekend. Explosions were reported near Doha, and additional strikes wer…
Brazil's Gas Demand Soars with New Thermal Plant
The recent commissioning of Brazil’s largest gas-fired thermal plant is set to raise the country’s annual gas consumption for power generation by at least 6 million cubic meters per day (MMcmd) from July to November – representing a 23% year-on-yea…
Trump Signals Strategic Shift: China Can Buy Iranian Oil
President Trump dropped a geopolitical bombshell: in a post on Truth?Social, he announced that "China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the US, also."This declaration signals a notabl…
Energy and Water Scarcity: The Hidden Drivers of Global Conflict
It should come as no surprise that the two major conflicts raging in the world today involve large energy producers and exporters, namely, Iran and Russia. Energy resources, especially fossil fuels, attract conflicts because they are so unevenly distr…
Rystad: Oil Prices To Remain Below $80 Despite Escalating Middle East Tensions
Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, research firm Rystad Energy said on Monday, as Iran and Israel continue to trade strikes with the escalation now in its fourth day. “Based on ou…
How the U.S. is Handing Over Venezuela’s Oil Sector to China
After coming into office, the administration of President Donald Trump has eliminated licenses for oil companies to operate in Venezuela, despite initial hints that it would continue them, with presidential envoy Richard Grenell’s visits to Caracas. …
Oil and Gas Companies Lobby to Weaken EU Methane Regulation
The oil and gas industry is pushing back against the methane policy adopted recently by the European Union aimed at limiting emissions of the potent greenhouse gas.A new report, published June 10 by the research group InfluenceMap, highlights how oil …
US-Iran Nuclear Negotiations Derail Over Scheduling Clash
Diplomacy between the United States and Iran over the future of Tehrans nuclear program has hit a new snag -- not over uranium enrichment or sanctions, but over the simple matter of when to meet.As US President Donald Trump insists the next round of t…
Grid Resilience Will Come At A Hefty Price
Grid upgrades, expansions, and resilience will need trillions of U.S. dollars of investments to catch up with the rising share of renewable energy generation. Governments, especially in Europe, have started to realize that the net-zero ambitions and t…
Iraq’s Economy on Edge Due to High Oil Income Dependence
Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all fe…
US Oil Drillers See Sharp Decline in Activity
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that.The t…
Brussels Moves Ahead with 2027 Russian Gas Exit Strategy
Europe’s failure to put long-term international security interests above short-term economic benefits over Georgia in 2008 and over Ukraine in 2014 was key in encouraging Russian President Vladimir Putin to launch the full-scale invasion of Ukraine o…
OPEC+ Reloads for Another Showdown With U.S. Shale
This week, media reports said OPEC+ could announce yet another bigger than initially planned production hike at its next meeting. On the face of it, the goal is getting quota laggards Iraq and Kazakhstan in line. The other goal, according to a new Reu…
Trump Tariffs and Low Oil Prices Hit U.S. Energy Deals Hard
After two years of booming activity, the merger and acquisition space in the U.S. has slowed down significantly. Buyer are turning their attention from quantity to quality and focusing on extracting as much value from deals they made previously. Also,…
India’s Oil Imports From Russia on Track for 10-Month High
India is on track to import nearly 1.8 million barrels per day (bpd) of crude oil from Russia in May, which would be a 10-month high, according to vessel-tracking data by Kpler.Indian refiners have increased buying activity for lighter Russian grades,…
Tariffs Can’t Stop the U.S. LNG Boom
Developers of U.S. LNG export projects have started taking final investment decisions on new facilities this year, with several plans expected to add in 2025 to Woodside’s Louisiana LNG approval, despite rising construction costs due to President Tru…