Markets

Chevron Lifts Exploration Budget 50% as Frontier Basin Focus Expands

Chevron plans more than $1.5 billion in exploration spending, with half directed to frontier basins as it builds a larger pipeline of global prospects...

Oct 31, 2026 • 5 min read

Markets

Rising U.S. Fuel Prices Put Energy Costs at the Center of Midterm Politics

Gasoline and heating oil costs have surged as Iran-related disruptions strain household budgets, while policy swings add uncertainty for energy projec...

Oct 30, 2026 • 5 min read

Markets

U.S. Oil Rig Count Holds at 603 as Crude Output Rises

U.S. drilling activity was flat at 603 rigs, while crude production climbed to 13.992 million barrels per day and frac crews declined.

Oct 30, 2026 • 5 min read

Markets

Trafigura Secures $1.5 Billion Loan for Expanded German Gas Deal

Trafigura will supply SEFE with 30 TWh of gas annually from November 2026, while Germany’s storage sits below 62% ahead of winter.

Oct 29, 2026 • 5 min read

Markets

Dangote Refinery IPO: Strong Earnings Meet Refining-Cycle and Expansion Risks

Dangote’s IPO drew heavy demand, but peak refining margins and $11.8 billion in planned capital spending complicate the valuation.

Oct 29, 2026 • 5 min read

Markets

Tanker Costs Curtail U.S. Crude Shipments to Asia as Freight Rates Surge

Record tanker costs are cutting Asian orders for U.S. crude, widening regional price gaps and redirecting buyers toward nearer supplies.

Oct 24, 2026 • 5 min read

Markets

Asia Fuel Oil Costs Rise as Supply Losses and Freight Squeeze Singapore

Singapore’s fuel oil premium reflects supply losses from the Gulf and Russia, resilient bunker demand and freight costs that limit replacement cargoes...

Oct 24, 2026 • 5 min read

Markets

U.S. Authorizes 400,000-Barrel Reserve Exchange for Louisiana Refinery

The exchange will supply Phillips 66’s Lake Charles refinery as oil tops $117 a barrel and U.S. reserve stocks sit at 282.7 million barrels.

Oct 23, 2026 • 5 min read

Markets

CFTC Examines Oil Futures Surge Before Trump’s Iran Announcement

The CFTC is examining a two-minute oil futures surge on March 23 that preceded Trump’s shift on Iran, but has disclosed no findings.

Oct 23, 2026 • 5 min read

Markets

U.S. Rig Count Holds at 603 as Oil Prices Rise and Production Slips

The U.S. rig count was unchanged at 603, while weekly crude output fell and Brent and WTI prices climbed.

Oct 23, 2026 • 5 min read

Markets

Clean Energy Gains Market Share as Fossil Fuel Demand Holds Near Records

Clean technologies are winning new sales and power generation, while slow asset turnover and hard-to-electrify sectors keep fossil demand high.

Oct 22, 2026 • 5 min read

Markets

Strathcona Proposes 250,000-Bpd Rail-to-Ship Crude Export Terminal in Prince Rupert

Strathcona’s rail-based plan could reach Asian buyers within two years, but requires Ottawa to exempt Prince Rupert shipments from B.C.’s tanker ban.

Oct 22, 2026 • 5 min read

Markets

Citi Flags Oil Price Risk as Gulf Shipping Costs Stay Elevated

Gulf exports have recovered, but costly tanker transfers keep delivered crude expensive as Brent trades above $111.

Oct 22, 2026 • 5 min read

Markets

Luxury EVs and Range-Extended Trucks Test Demand for Electric Performance

New range-extended trucks and luxury EVs pair long range or fast acceleration with premium pricing. Buyer demand remains the key test.

Oct 18, 2026 • 5 min read

Markets

Oil Futures Signal Prolonged Supply Tightness and Higher Energy Costs

Oil futures remain elevated into 2027 as conflict, disrupted fuel supplies and limited refining capacity keep markets pricing in prolonged tightness.

Oct 17, 2026 • 5 min read

Markets

Urenco USA Expansion Adds 700,000 SWU to U.S. Uranium Enrichment Capacity

Urenco USA has brought its sixth new centrifuge cascade online, adding to a project that aims to lift U.S. enrichment capacity as reactor fuel demand...

Oct 15, 2026 • 5 min read

Markets

U.S. Crude Stocks Fall 8.6 Million Barrels as Distillate Inventories Tighten

U.S. crude inventories fell to 415.6 million barrels, while distillate stocks remained 12% below their five-year average.

Oct 15, 2026 • 5 min read

Markets

Europe Gas Prices Near 2022 Peak as Qatar LNG Flows Lag

TTF gas remains near its highest level since 2022, with EU storage at 74% and Middle East LNG flows about 80% below last year.

Oct 15, 2026 • 5 min read

Markets

China’s Auto Exports Rise as September Passenger-Car Sales Fall 28%

China’s September passenger-car sales fell 28% year over year, while exports jumped 73.7% and accounted for 36% of manufacturers’ sales.

Oct 12, 2026 • 5 min read

Markets

European Gas Prices Rise as Storage Lags Seasonal Norms

Dutch TTF futures reached €83 per megawatt-hour as Europe entered winter with storage below its 15-year average, despite faster injections.

Oct 12, 2026 • 5 min read