U.S. Strategic Petroleum Reserve Falls to 283.8 Million Barrels, Lowest Since 1982
The reserve hit a 42-year low after a 172 million-barrel release, while oil swaps are scheduled to return part of the volume next year.
The reserve hit a 42-year low after a 172 million-barrel release, while oil swaps are scheduled to return part of the volume next year.
UK diesel hit 199.18p a litre as Brent topped $96 and gilt yields climbed, adding to uncertainty ahead of October’s Budget.
Russia has restricted public access to refinery, contract and shipping data as its refining output falls and sanctions scrutiny continues.
Starship reached orbit on its 14th test flight and deployed 26 Starlink V3 satellites, while an engine failure and power constraints underscore execut...
High freight costs are steering U.S. spot LNG toward Europe, where storage remains below average ahead of winter.
QatarEnergy extended force majeure for LNG buyers as Hormuz traffic remains constrained; exports have plunged and sales losses reached $24 billion.
Indonesia’s August coal exports hit a five-year low as quotas, policy uncertainty and low river levels limit shipments despite rising global demand.
Henry Hub averaged $2.93 per MMBtu over the summer as rising production, storage and renewable generation offset stronger cooling demand.
Rystad sees output reaching 1.8 million bpd by 2030, provided operators can secure capital and rebuild drilling and oilfield services capacity.
U.S. rigs climbed to 599, while crude output slipped for a second week and completion crews increased.
BP reviewed Devon’s Eagle Ford assets as it shifts back toward oil and gas growth, but walked away from a deal amid high valuations and crude prices.
WTI is set for a 7% weekly drop as freight costs and a possible diesel export ban raise concerns about U.S. refinery demand.
EU officials say gas supply is stable, though storage is at 70% and Germany’s is about 57% amid constrained LNG flows through Hormuz.
The UK gets about a third of its diesel imports from the U.S., leaving hauliers and other fuel users exposed if a proposed export ban takes effect.
Italy will meet refiners on October 8 to discuss higher diesel and gasoline output as supply constraints and record prices strain European fuel market...
WTI recovered from $88.67 as supply workarounds eased crude concerns, while record gasoil premiums and falling U.S. distillate stocks kept product mar...
U.S.-Iran talks revisit a phased Hormuz deal as Gulf states expand transport routes and weigh energy infrastructure spending.
Solar and wind can reach operation faster than most new power plants, giving modular projects a financial edge as electricity demand surges.
OPEC+ retains major supply capacity, but quota disputes and blocked export routes are weakening its ability to shape oil markets.
Data centre expansion is bringing higher legal and conflict exposure, complicating insurance across cyber, property and war risks.