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Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

Commonwealth LNG, JERA Reached 20-Year Sale and Purchase Agreement

Under the terms of the agreement, JERA will purchase 1 Mtpa of liquefied natural gas (LNG) from Commonwealth’s LNG export facility in Cameron, Louisiana.

Khalda Petroleum to Bring Two New Wells into Production

In addition, the company had completed drilling operations for the Tayim-W14 development well, with an oil-bearing Dessouky layer in the upper part of the reservoir.

Oil Settles Lower as Traders Gauge Middle East Tensions

The U.N. nuclear watchdog's 35-nation Board of Governors declared Iran in breach of its non-proliferation obligations on Thursday for the first time in almost 20 years, raising the prospect of reporting it to the U.N. Security Council.

Shell Plans Additional 12 Million Tonnes of LNG Capacity by 2030

Shell, already the world’s largest LNG trader with nearly 70 million tonnes under annual contracts, delivered around 65 million tonnes last year across some thirty countries.

Oil Jumps More Than 7% as Israel Strikes Iran, Rattling Investors

IG market analyst Tony Sycamore said the alarming escalation is a blow to risk sentiment in financial markets.

India’s Natural Gas Consumption to Double by 2040

Also, the consumption is expected to reach 496 million standard cubic meters per day by 2040.

Japan Resumed Crude Imports from Russia after Two-Year Halt

The company has reportedly bought the crude at the request of the Agency. The same has been confirmed by a Ministry official.

Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria

The sluggish pace of negotiations highlights the pressure created by the recent decline in oil prices after OPEC+ decision to increase oil production.

Philippines Bets on Natural Gas to Accelerate Renewable Energy

According to the report, over 100 offshore oil and gas blocks are currently producing in the Coral Triangle, with over 450 additional blocks being explored for future extraction.

Alberta Premier Says Province Working on Proposal for New Crude Oil Pipeline to Port of Prince Rupert

No private company has publicly expressed interest in building such a project.

US crude oil supply to fall in 2026

The Energy Information Administration expects US crude oil production to fall next year. Meanwhile, the European Commission is proposing a ban on refined product imports made from Russian crude oil