This is not the first ban for three of the five media outlets. Back in 2023, OPEC refused to accredit journalists from Reuters, Bloomberg, and the Wall Street Journal for a ministerial meeting of OPEC+. The Financial Times suggested at the time it was because those publications sought to break a story before meetings were fully concluded, which could affect oil prices and Saudi Arabia’s top oil man Abdulaziz bin Salman wanted to avoid such volatility as the kingdom tried to push prices higher.
This marks the strongest signal yet that Aramco intends to take a material position in the U.S. LNG sector. It also follows earlier exploratory efforts with projects such as Delfin LNG and Energy Transfer’s Lake Charles facility, though those discussions have not resulted in formal agreements. The Commonwealth negotiations, if concluded, would give Aramco a direct channel into the fast-growing U.S. Gulf Coast export market, amid rising demand in Asia and Europe.
Oil prices eked out gains this week, a sign that the market has largely shrugged off the larger-than-expected output hike announced on Saturday by the Organization of the Petroleum Exporting Countries and allies. Despite the current tightness, forecasters are pointing out that supply growth is at risk of outpacing demand later in the year.
“The transaction includes around 300 bp-owned or branded retail sites – some with on-site EV charging infrastructure – as well as 15 operational bp pulse EV charging hubs, eight under development and the associated Dutch fleet business”, a joint statement said. BP Pulse is BP’s multinational electric vehicle charging business.
Energy Investments has now increased its stake to 41.11 percent. JSC Rietumu Banka owns 28.97 percent, LLC ITERA Latvija 16 percent, UAB Haupas 6.15 percent and Port Investment Co. SARL 5 percent. Other shareholders hold 2.77 percent, Latvijas Gaze confirmed separately on Wednesday.
Tanker tracking by Bloomberg shows that the Gulf state’s crude exports surged to a 19-month high in June as the OPEC+ alliance brought curbed barrels back. Most of Kuwait’s oil flows to Asian countries, including China, Japan and South Korea. Sheikh Nawaf said recent demand has been driven by Asia in particular, noting that KPC’s global business partners have been asking the company if it has additional barrels.
The department didn’t give specifics on when deliveries restarted. Trucks weren’t getting into the plant in north England earlier in the day, according to two people familiar with the matter.
U.S. renewable energy generation grew 9.3 percent from 2023 to 2024, the review highlighted. The country’s wind energy generation rose by 7.4 percent, its solar energy generation grew 26.5 percent, its hydro energy generation decreased by 1.4 percent, and its “other renewables” energy generation dropped by 2.1 percent, year on year, the review outlined.
Sheikh Ahmad Duaij Al Sabah, Chairman of the Commercial Bank of Kuwait (Al-Tijari), talks to The Energy Year about supporting key energy and infrastructure developments and the positive impact of Kuwait’s new public debt law. Al-Tijari is a Kuwaiti bank that provides financial, banking and investment services to corporate and retail customers.
“Based on the advice from engineers, I have directed that we do not attempt to run those plants on liquid fuel for that short period. It involves changing nozzles, it involves a lot of work, and so if we are going off for about four to six hours, you don’t risk transitioning to liquid fuel only to come back to gas,” he said.