LATEST ENERGY NEWS

The Umm Shaif offshore field, one of Abu Dhabi's oldest producing assets, will be developed in partnership with TotalEnergies, Eni and China National Petroleum Corporation.

According to the regulator, Nigeria produced an average of 1.56 million barrels of crude oil per day in June, slightly above its OPEC quota of 1.5 million barrels per day.

The depression could strengthen into ⁠Tropical Storm Bertha later on Monday. The National Hurricane Center issued a tropical storm watch that ​is in effect from the Ochlockonee River in Florida westward to the Jefferson/Plaquemines Parish border in Louisiana, ​and gradual strengthening is expected over the next two days.

The storage of natural gas arriving by ship in liquid form – whether it is regasified when needed or transported by land tankers while remaining in liquid form – provides flexibility for energy supply security while also ensuring source diversification.

Yemen's Iran-aligned Houthis said on Monday they would impose a naval blockade on ​Saudi Arabia, opening a potential new front against the U.S. in its war on Iran ​and raising the threat to global energy supplies and trade beyond the Gulf.

Despite its economic potential and strategic advantages, the project continues to face significant geopolitical hurdles.

Meanwhile, the Caspian Pipeline Consortium reported that a drone strike near its Black Sea terminal close to Novorossiysk temporarily halted oil loading operations.

The Guards ⁠said the waterway would remain unsafe ‌as long as what it called U.S. "aggression" in the region continued, warning that "this passage will not be ‌safe for the transit ​of petrochemical products, nor even a single ⁠drop of oil and ⁠gas."

The core number is striking. The United States supplied 93% of global LNG export growth in 2025, according to the source report based on industry data. That means if world LNG exports rose by 100 new units, about 93 of those came from the US.

The Islamic Revolutionary Guard Corps said on Monday that two oil tankers had exploded and ​been immobilised after attempting to transit what it described as an unsafe southern route through the Strait of Hormuz, alleging they ‌had been ⁠encouraged by the U.S. military to use the passage.

By demonstrating that it can weather a major supply shock while reshaping regional and global fuel flows, China has signalled that it is far less beholden to international energy markets.