The Middle East will again dominate front-page headlines in the coming days. Newly elected U.S. President Trump, as promised during his election campaign, is putting the already fragile security situation in the Middle East and North Africa at risk, as his statements regarding Gaza, Israel, and Iran are unlikely to support stability.
Oil prices are climbing after Trump imposed new tariffs on steel and aluminum, even if they will likely be disruptive for global economic growth
US pipeline operator Energy Transfer has signed a long-term supply agreement with Denver-based CloudBurst Data Centers under which Energy Transfer will supply up to 450 billion Btu per day of natural gas to CloudBurst’s planned data centre in San Marco, Texas, Energy Transfer announced on Monday.
The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the Calypso deepwater natural gas discoveries, Reuters reported on Tuesday.
Europe’s biggest energy producers and traders warned the European Commission against introducing a gas price cap as a tool during times of crisis, after some officials raised the idea in recent months.
West Texas Intermediate rose 1.4% to settle above $73 a barrel, building on Monday’s 1.9% advance, which was the biggest in almost four weeks. Several million barrels from Russian platforms in the Pacific are stranded after the shuttle tankers that hauled them to China were blacklisted.
Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said.
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production.
Hilong Offshore, a subsidiary of China-based Hilong Group, has secured a transportation and installation contract for phase two of Eni’s Congo LNG project. The deal is valued at approx. $55 million USD (400 million yuan).
The fundamental argument for today’s rise in natural gas futures is driven by higher LNG exports and colder weather forecasts, which are expected to boost heating demand.