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Global oil & gas markets and policy

Western-Insured Tankers Continue to Load Urals Crude
NewsApr 2, 2026

Western-Insured Tankers Continue to Load Urals Crude

Western‑insured, primarily Greek‑owned, tankers are still loading Russia's Urals crude at Black Sea and Baltic ports. The FOB price of the blend has risen to roughly $100 per barrel, more than twice the EU price‑cap of $44.10. Despite heightened sanctions,...

By Energy Intelligence
Iraq Inks Contract to Export 50,000 B/D of Crude via Syria
NewsApr 2, 2026

Iraq Inks Contract to Export 50,000 B/D of Crude via Syria

Iraqi state marketer Somo has signed a contract to export 50,000 barrels per day of crude oil by truck through Syria to the Mediterranean, marking the first such shipment. The route will deliver the oil onward to European customers, offering...

By Energy Intelligence
US Natgas Storage Rises by 36 Bcf
NewsApr 2, 2026

US Natgas Storage Rises by 36 Bcf

The U.S. Energy Information Administration reported a 36 billion‑cubic‑feet (Bcf) increase in natural‑gas inventories for the week ending March 27, pushing net working inventories to 1,865 Bcf. The build reflects a modest supply surplus after a relatively mild winter heating season. Analysts note...

By Energy Intelligence
Algeria to Launch New 2026 Onshore Auction
NewsApr 2, 2026

Algeria to Launch New 2026 Onshore Auction

Algeria announced a second onshore licensing round slated for April 19, aiming to attract roughly $60 billion in upstream investment between 2025 and 2029. The initiative seeks to expand the country’s oil and gas output, reinforcing its role as a critical energy...

By Energy Intelligence
Russia Bans Gasoline Exports as More Refineries Hit
NewsApr 2, 2026

Russia Bans Gasoline Exports as More Refineries Hit

Russia announced a full ban on gasoline exports from April 2 through July 31, expanding earlier limits to include all producers, including refineries. The decision follows a string of refinery outages that have shaved roughly 10% off domestic fuel output. By halting...

By Energy Intelligence
Asian Buyers Remain Wary of Iran Oil Sanctions Waiver
NewsApr 2, 2026

Asian Buyers Remain Wary of Iran Oil Sanctions Waiver

The Trump administration issued a 30‑day waiver that temporarily allows Iranian crude to be sold at sea, aiming to ease global oil market pressure. Two weeks after the announcement, Asian buyers remain hesitant, citing heightened compliance and reputational risks. The...

By Energy Intelligence
New Zealand Rethinks LNG Imports Amid War-Driven Prices
NewsApr 2, 2026

New Zealand Rethinks LNG Imports Amid War-Driven Prices

New Zealand’s newly appointed energy minister has publicly questioned the viability of the country’s planned liquefied natural gas (LNG) import terminal. The skepticism comes as the war in the Middle East has driven global LNG prices to multi‑year highs, making...

By Energy Intelligence
Hormuz Disruption Roils African Oil Markets, Economies
NewsApr 2, 2026

Hormuz Disruption Roils African Oil Markets, Economies

A prolonged shutdown of the Strait of Hormuz is set to severely disrupt oil flows to and from sub‑Saharan Africa, threatening export revenues and import costs across the region. The bottleneck pushes global freight rates higher and forces African refiners...

By Energy Intelligence
Upstart Polar LNG Offers New Export Proposal for Alaska
NewsMar 31, 2026

Upstart Polar LNG Offers New Export Proposal for Alaska

Polar LNG, a newly formed company, has submitted a proposal to build a near‑shore liquefaction plant on Alaska’s North Slope, aiming to export stranded natural gas. The project envisions a $10‑plus billion investment and a 5 million‑tonne‑per‑year capacity, but it currently lacks...

By Energy Intelligence
Egypt Advances Upstream Projects to Ease Gas Supply Crunch
NewsMar 31, 2026

Egypt Advances Upstream Projects to Ease Gas Supply Crunch

Egypt is courting British oil major BP for new upstream investments to revive its dwindling oil and gas output. The push comes as the country grapples with a severe gas supply crunch intensified by the ongoing Middle East conflict, which...

By Energy Intelligence
Crude Futures Close Memorable March in Decline
NewsMar 31, 2026

Crude Futures Close Memorable March in Decline

Crude oil futures ended March with a modest daily decline but posted robust monthly gains, driven by heightened geopolitical tension. The ongoing war in the Middle East and the effective closure of the Strait of Hormuz have constrained supply and...

By Energy Intelligence
Oil Prices, Mar. 31, 2026
NewsMar 31, 2026

Oil Prices, Mar. 31, 2026

On March 31, 2026, global crude oil prices edged higher, with Brent crude closing near $85 per barrel and U.S. West Texas Intermediate (WTI) around $80. The rise reflected OPEC+’s decision to extend voluntary output cuts and a modest draw...

By Energy Intelligence
Market Watch: May Nymex Contract Inches Lower
NewsMar 31, 2026

Market Watch: May Nymex Contract Inches Lower

May natural‑gas futures slipped slightly, closing at $2.884 per million British thermal units after peaking at $2.977 on Tuesday. Analysts attribute the dip to record U.S. production and a seasonal warming trend. Demand estimates show residential and commercial consumption at...

By Energy Intelligence
Comparative Fuels, Mar. 31, 2026
NewsMar 31, 2026

Comparative Fuels, Mar. 31, 2026

Energy Intelligence’s March 31 roundup highlights a resurgence of LNG development, with Polar LNG unveiling a near‑shore liquefaction plant on Alaska’s North Slope—an idea dismissed in 2018. Egypt is accelerating upstream gas projects to relieve a regional supply crunch, while...

By Energy Intelligence
Germany's SEFE to Launch Major LNG Buy Tender
NewsMar 30, 2026

Germany's SEFE to Launch Major LNG Buy Tender

Germany’s state‑owned energy trader SEFE (Securing Energy for Europe) announced it will issue a major liquefied natural gas (LNG) purchase tender on Tuesday, targeting deliveries to Northwest Europe. The tender is designed to bolster regional supply security as the Middle...

By Energy Intelligence
Egypt, Cyprus Sign Framework Deal Amid Energy Crisis
NewsMar 30, 2026

Egypt, Cyprus Sign Framework Deal Amid Energy Crisis

Egypt and Cyprus signed a gas framework agreement to cooperate on the development of the Cronos offshore field. The Cronos reservoir holds about 3.1 trillion cubic feet of natural gas in Cypriot waters. The parties stopped short of a final investment...

By Energy Intelligence
Four IOCs Working on Lithium Extraction in US Smackover Play
NewsMar 30, 2026

Four IOCs Working on Lithium Extraction in US Smackover Play

After a 90% plunge in lithium carbonate prices from 2022 to 2025, U.S. brine projects in the Smackover Formation stalled, but a recent price rebound has revived interest. Equinor has secured an anchor off‑taker, while Exxon Mobil, Occidental Petroleum and Chevron...

By Energy Intelligence
Topsoe, First Ammonia Terminate Electrolyzer Supply Deal
NewsMar 27, 2026

Topsoe, First Ammonia Terminate Electrolyzer Supply Deal

New York‑based First Ammonia is moving ahead with the first phase of its 200 MW green ammonia project in Victoria, Texas, slated to break ground this year. The company announced the termination of its 100 MW electrolyzer supply agreement with Danish catalyst...

By Energy Intelligence
Nuclear Takes Another Step Toward Spotlight
NewsMar 27, 2026

Nuclear Takes Another Step Toward Spotlight

Nuclear energy took center stage at the CERAWeek 2026 conference in Houston. Industry leaders and policymakers gathered to address the growing importance of nuclear power amid heightened concerns over global energy security. The forum highlighted accelerating investment, emerging reactor designs,...

By Energy Intelligence
Brent Heads Into Weekend on High Note
NewsMar 27, 2026

Brent Heads Into Weekend on High Note

Brent crude futures surged into the weekend, climbing roughly 5% to around $85 a barrel, the highest level in several months. The rally was driven by lingering supply worries as the war in the Middle East shows no sign of...

By Energy Intelligence
Summit Midstream Aims to Clear 'Hidden' Permian Gas Constraints
NewsMar 27, 2026

Summit Midstream Aims to Clear 'Hidden' Permian Gas Constraints

Summit Midstream is exploring a capacity expansion on its interstate pipeline that transports natural gas from the Permian Basin’s Delaware subbasin to the Waha Hub, linking Southwest and Gulf Coast markets. The move targets “hidden” constraints—primarily gathering and processing bottlenecks—that...

By Energy Intelligence
Market Watch: April Nymex Expires at $3.095/MMBtu
NewsMar 27, 2026

Market Watch: April Nymex Expires at $3.095/MMBtu

April Nymex natural gas futures rose 9.6 cents to close at $3.095 per MMBtu, while the May contract, set to become the prompt‑month contract on Monday, gained 9.7 cents to $3.025. Gelber & Associates noted that prices below $3 continue to draw...

By Energy Intelligence
US Natgas Storage Falls by 54 Bcf
NewsMar 26, 2026

US Natgas Storage Falls by 54 Bcf

The U.S. Energy Information Administration reported a 54 billion‑cubic‑foot (Bcf) draw in natural‑gas inventories for the week ending March 20. Net working gas fell to 1,829 Bcf, tightening the supply balance ahead of the summer heating season. The draw reflects higher demand from...

By Energy Intelligence
Mideast Gulf Players Take Steps to Manage Output, Secure Assets
NewsMar 26, 2026

Mideast Gulf Players Take Steps to Manage Output, Secure Assets

Major energy producers and operators across the Middle East Gulf have implemented drastic measures to curb output and protect facilities as the regional conflict enters its third week. The moves include temporary shutdowns, reduced drilling rates, and heightened security protocols...

By Energy Intelligence
Brent, WTI Crude Prices, Mar. 26, 2026 - TK
NewsMar 26, 2026

Brent, WTI Crude Prices, Mar. 26, 2026 - TK

The article is a placeholder for a daily Brent and WTI crude price snapshot dated March 26, 2026, but it contains no actual price data or commentary. Typically such reports would list spot prices, price changes, and market drivers for the two...

By Energy Intelligence
China's CNOOC Tempers Production Growth, Spending Trajectory
NewsMar 26, 2026

China's CNOOC Tempers Production Growth, Spending Trajectory

China National Offshore Oil Corp.’s listed arm CNOOC announced a modest 0.3%‑1.6% rise in oil and gas output for 2026 and plans to keep capital spending flat or lower. The guidance marks a sharp deceleration from the rapid expansion of...

By Energy Intelligence
Adnoc Advances Gas Projects Amid Mideast War
NewsMar 26, 2026

Adnoc Advances Gas Projects Amid Mideast War

Abu Dhabi‑listed ADNOC Gas has secured the primary contractors for two large‑scale gas and liquids projects in the emirate. The contracts cover a new gas processing plant and a liquids extraction facility, both slated for rapid execution. Despite the ongoing...

By Energy Intelligence
China's Hydrogen Industry Eyes Rapid Scale-Up
NewsMar 26, 2026

China's Hydrogen Industry Eyes Rapid Scale-Up

China’s hydrogen sector is moving from pilot projects to full‑scale commercialization, as highlighted at a recent Beijing conference. Executives and government officials pledged to accelerate deployment over the next five years. The shift signals a coordinated push to build production...

By Energy Intelligence
Oil Shipping Costs Ease as Tankers Divert to Atlantic Basin
NewsMar 24, 2026

Oil Shipping Costs Ease as Tankers Divert to Atlantic Basin

As the Strait of Hormuz remains closed, oil tankers are increasingly diverting to the Atlantic Basin, boosting vessel traffic there. The rerouting eases regional freight rates, offering lower shipping costs for crude moving to Europe and the Americas. Traders note...

By Energy Intelligence
Crude Prices Fluctuate as Reports of US-Iran Talks Swirl
NewsMar 24, 2026

Crude Prices Fluctuate as Reports of US-Iran Talks Swirl

Oil prices jumped higher on Tuesday before slipping in after‑hours trading, reflecting the market’s reaction to fresh reports of potential US‑Iran talks aimed at ending the Middle East conflict. The price swing underscores how quickly crude markets respond to geopolitical...

By Energy Intelligence
China Not Expected to See LNG Supply Shortage Despite Mideast War
NewsMar 24, 2026

China Not Expected to See LNG Supply Shortage Despite Mideast War

China’s liquefied natural gas (LNG) market is projected to avoid a supply shortage through March despite the ongoing Middle East conflict, according to Shandong‑based consultancy SCI99. The firm cites robust existing contracts and a diversified import portfolio that includes Russia,...

By Energy Intelligence
US LNG Export Project Developers Navigate Supply Chain Woes
NewsMar 24, 2026

US LNG Export Project Developers Navigate Supply Chain Woes

US LNG export developers are confronting acute supply‑chain bottlenecks as they scale a rapidly expanding project pipeline. A shortage of high‑capacity turbines and a thin pool of skilled Gulf Coast labor are forcing firms to rethink construction schedules. Executives at...

By Energy Intelligence
Execs Warn of Oil Demand Destruction From Supply Crunch
NewsMar 24, 2026

Execs Warn of Oil Demand Destruction From Supply Crunch

Oil executives warn that the ongoing war in Iran is severely disrupting crude and refined product flows, creating a global supply crunch. The resulting shortages are driving price spikes that are eroding demand across industrial and consumer sectors. Analysts anticipate...

By Energy Intelligence
'We Need Stability': Major LNG Suppliers Vexed by Supply Crisis
NewsMar 23, 2026

'We Need Stability': Major LNG Suppliers Vexed by Supply Crisis

Major U.S. and European liquefied natural gas (LNG) exporters warned on Monday that the ongoing hostilities in the Middle East have created a sizable supply shortfall, threatening global energy balance. The conflict has disrupted key export routes and halted several...

By Energy Intelligence
CEOs Warn Forward Oil Prices Understate War-Driven Tightness
NewsMar 23, 2026

CEOs Warn Forward Oil Prices Understate War-Driven Tightness

Oil CEOs say current forward contracts underestimate the market strain caused by the ongoing Middle East Gulf war. Physical supplies of crude and refined products remain constrained, creating a gap between futures prices and real‑world scarcity. Executives warn that as...

By Energy Intelligence
Alberta Works to Advance New Oil Sands Pipeline
NewsMar 23, 2026

Alberta Works to Advance New Oil Sands Pipeline

Alberta Premier Danielle Smith announced that developers are close to finalizing a viable route and Pacific‑coast terminus for a new crude pipeline from the province’s oil sands. The project seeks to unlock additional capacity for Canadian crude to reach global...

By Energy Intelligence
Oil Markets Grapple With Still-Unclear Mideast Endgame
NewsMar 23, 2026

Oil Markets Grapple With Still-Unclear Mideast Endgame

Tensions in the Middle East remain high as the United States and Iran stepped back from a potential escalation on Monday. ADNOC chief Sultan al‑Jaber denounced Iran’s continued control of traffic through the Strait of Hormuz as “economic terrorism” during...

By Energy Intelligence
Oil Prices, Mar. 23, 2026
NewsMar 23, 2026

Oil Prices, Mar. 23, 2026

The provided submission contains no article text, only navigation elements, so specific oil‑price information for March 23, 2026 is unavailable.

By Energy Intelligence
Fusion Advocates Cite Hormuz Crisis in Call for Investment, Support
NewsMar 20, 2026

Fusion Advocates Cite Hormuz Crisis in Call for Investment, Support

Fusion industry leaders convened in Washington, highlighting the Strait of Hormuz crisis as a stark illustration of the vulnerabilities inherent in today’s fossil‑fuel dependent energy system. They argued that commercial nuclear fusion could deliver continuous, carbon‑free power, eliminating geopolitical supply...

By Energy Intelligence
Qatar's Prolonged Force Majeure Could Hit Many Offtakers
NewsMar 20, 2026

Qatar's Prolonged Force Majeure Could Hit Many Offtakers

QatarEnergy announced it will invoke a multiyear force majeure on several long‑term LNG contracts after two of its export trains were struck by Iranian missile attacks. The suspension affects key offtakers across Asia and Europe, potentially curtailing deliveries for years....

By Energy Intelligence
US Largely Insulated From Global Gas Market Upheaval
NewsMar 20, 2026

US Largely Insulated From Global Gas Market Upheaval

The United States has remained largely untouched by the recent turmoil in global gas markets caused by the Middle East conflict. Domestic natural‑gas production is at a record high, and LNG export terminals are operating near full capacity. Spot gas...

By Energy Intelligence
Qatar's US-Based Golden Pass to Provide Limited Wartime Help
NewsMar 20, 2026

Qatar's US-Based Golden Pass to Provide Limited Wartime Help

QatarEnergy's Golden Pass LNG, its first liquefaction plant outside the Middle East, is slated to begin shipments from Texas next week. The plant could help narrow the global LNG shortfall caused by the unexpected shutdown of Qatar's flagship Ras Laffan export...

By Energy Intelligence
Oil Price Surge May Not Drive Permian Gas Production Surge
NewsMar 20, 2026

Oil Price Surge May Not Drive Permian Gas Production Surge

Rising geopolitical tensions in the Strait of Hormuz and attacks on Middle East energy infrastructure have driven oil and natural gas prices to new highs. Despite the price surge, operators in the Permian Basin are not accelerating associated gas production,...

By Energy Intelligence
US Gas in Crosshairs Amid Preelection Data Center Uproar
NewsMar 20, 2026

US Gas in Crosshairs Amid Preelection Data Center Uproar

The AI boom is turning data centers into a major source of electricity and natural‑gas demand in the United States. Large‑scale training clusters rely on gas‑fired backup generators, adding significant load to the gas system. However, grassroots opposition to new...

By Energy Intelligence
Market View: Pipe Outages Push Permian Gas Prices Underwater
NewsMar 20, 2026

Market View: Pipe Outages Push Permian Gas Prices Underwater

West Texas natural‑gas prices have plunged to historic lows as a combination of robust Permian output, seasonally weak demand, and unexpected pipeline outages throttles transportation capacity. The bottleneck forces producers to offer cash incentives for customers to take gas that...

By Energy Intelligence
How We Deliver Energy Matters More Than Sources
NewsMar 20, 2026

How We Deliver Energy Matters More Than Sources

The article argues that reliable power delivery, not just source mix, is the critical challenge for global energy systems. Abu Dhabi showcases a converged model that blends natural gas, over 45% renewables, and AI‑driven platform AD.WE to manage electricity and...

By Energy Intelligence
Qatar Sees Long Outage at Shell's Pearl GTL Plant
NewsMar 19, 2026

Qatar Sees Long Outage at Shell's Pearl GTL Plant

Shell’s Pearl gas‑to‑liquids (GTL) plant in Qatar will keep one of its two processing trains offline for at least a year after an Iranian strike earlier this week. The affected train represents roughly half of the plant’s output, cutting Shell’s...

By Energy Intelligence
Supply Scramble Shows Market's Limits With Gulf Down
NewsMar 19, 2026

Supply Scramble Shows Market's Limits With Gulf Down

The closure of the Strait of Hormuz has abruptly removed roughly 15 million barrels per day of crude and refined oil from global markets, creating an immediate supply gap. Nations are resorting to inventory drawdowns, opportunistic purchases, emergency policies, and limited...

By Energy Intelligence
Russia Eyes Export Bonanza Amid Global Energy Crisis
NewsMar 19, 2026

Russia Eyes Export Bonanza Amid Global Energy Crisis

Russia is leveraging a U.S. waiver and global oil shortages to boost its crude and product exports. Seaborne product shipments jumped 25% to 2.6 million barrels per day, while crude exports rose about 10% in March. Production gaps caused by OPEC‑plus...

By Energy Intelligence