Energy.
Deepening supply crisis keeps European diesel prices near record high
Physical European diesel prices remain close to all-time highs, driven by a confluence of supply disruptions that traders and analysts said could further tighten an already depleted global middle distillates market. The 10ppm CIF NWE cargo flat price was assessed at $1,642.25/metric ton on Sept. 15, marking the highest level since Platts, part of S&P Global Energy, began the assessment. It…
KOIL Energy secures significant contract in Brazil for maintenance services
KOIL Energy Solutions, Inc., a global leader in subsea equipment and services, today announced that it has secured a significant contract in Brazil, marking the Company's first subsea umbilical…
The Week in Alt Fuels: EU omits e-fuel earmarking – ENGINE
The EU's revised ETS could reserve 110 million allowances to reduce green bunker fuel price premiums from 2028-2040. But the absence of dedicated e-fuel earmarking raises some concerns. The European…
China restarts LNG re-exports on sufficient summer supply, stronger JKM
Chinese LNG buyers have resumed commercial re-export activity after a three-month pause, as stronger Northeast Asian spot LNG prices and weaker-than-expected domestic demand made selling cargoes…
Naftogaz and US Delegation discuss equipment, LNG Supplies, and joint investment projects at URC 2026
Naftogaz Group held a series of substantive meetings with the United States delegation during the Ukraine Recovery Conference 2026 in Gdansk. This year saw the largest US delegation in the history of…
Perenco Vietnam signs Gas Sales and Purchase Agreement for Su Tu Trang, Block 15-1 Phase 2B, Offshore Vietnam
Perenco Vietnam announced the signing of the Gas Sales and Purchase Agreement (GSPA) for the Su Tu Trang Phase 2B project on Block 15-1, offshore Vietnam. Su Tu Trang Phase 2B will supply more than…
Saipem has entered into a binding sale and purchase agreement with ADES for the divestment of its Shallow Water Drilling activities in Saudi Arabia
The transaction value amounts to USD 285 million The transaction is part of Saipem’s strategy to focus on deepwater and harsh-environment offshore drilling Completion of the transaction is…
Murphy Oil Corporation announces oil discovery at Bubale-1X Offshore Côte d’Ivoire
Murphy Oil Corporation announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 40 miles offshore Côte d’Ivoire. The Bubale-1X well was drilled to a…
LNG Bunker Snapshot: Prices spike as Middle East crisis rattles global supply
LNG bunker prices in Rotterdam and Singapore have surged sharply as Middle East tensions, disruptions to Qatar’s LNG exports and risks to shipments through the Strait of Hormuz fuel a sharp market…
DNV study for EMSA calls for design‑based safety approach for hydrogen‑fuelled ships
DNV has delivered the European Maritime Safety Agency commissioned multi-year study “Safety of hydrogen for use in ships,” culminating in a final report and a non‑mandatory guidance document. The…
TotalEnergies announces the restart of production at the Mabruk field in Libya
TotalEnergies announces the restart of production at the Mabruk oil field in Libya, in which the Company holds an interest of 37.5%. The Mabruk field is located onshore, in concession C17, around 130…
China may resume US crude imports on supply crisis after 9-month gap
Chinese state-run refiners may resume US crude imports after a nine-month suspension amid the supply crisis in the Middle East, despite the additional 20% tariffs remaining in place, crude…
S Korea, Taiwan, and Singapore vulnerable to lost Qatari LNG
QatarEnergy’s force majeure declaration on LNG exports has put Asian buyers into a predicament of having to replace about a fifth of their contracted LNG supply (or a quarter when including spot…
OPEC retains Oil Forecast, says Saudi Arabia increased oil production prior to Iran War
Crude Oil Price Movements In February, the OPEC Reference Basket (ORB) value increased by $5.59/b, month-on-month (m-o-m), to average $67.90/b. The ICE Brent front-month contract increased by…
IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict
The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in…
Global Bunker prices surge by 30-35%, tracking soaring crude as US-Iran crisis persists
Global bunker fuel prices have surged by 30-35% over the past week as the US-Iran conflict and closure of the Strait of Hormuz has sent crude oil prices soaring to multiyear highs, leading container…
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