Summary Global demand growth revised 70,000 bpd higher on lower tariff impacts in 2026 Oil prices have risen about 6% so far this year OPEC+ has paused output hikes (Reuters) – The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so …
World Oil Market Faces Significant Surplus in First Quarter, IEA says Read More »
Summary Q4 adjusted EPS 69 cents vs forecast 55 cents Q4 international revenue up 2.9%, North America flat (Reuters) – Halliburton surpassed analysts’ expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets. Shares of the oilfield services company rose nearly 2.6% in premarket trading. The …
Halliburton Beats Fourth-Quarter Profit Estimates on Steady International Demand Read More »
The KOOL TIGER LNG Tanker is docked at the Freeport LNG facility in Quintana, Texas, U.S., June 23, 2025. REUTERS/Joel Angel Juarez/File Photo Summary Global supply to rise to as much as 484 million tons in 2026 Asia 2026 demand to rise as much as 7%, led by China and India Europe imports driven by …
Global LNG supply set to jump in 2026, limiting prices and spurring demand Read More »
China’s crude oil imports from top supplier Russia fell 0.7% year-on-year in December to 9.33 million metric tons, or 2.2 million barrels per day, but hit the highest level for 2025. Imports from Malaysia, the largest trans-shipment hub for sanctioned Iranian oil, fell 37.9% to 4.14 million tons, or 0.97 million bpd. Imports from Indonesia …
China’s December Crude Imports From UAE, Brazil, Canada Hit Record Highs Read More »
ANCHORAGE, Alaska–(BUSINESS WIRE)–Glenfarne Group, LLC (“Glenfarne”) subsidiary Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project, and Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today announced a strategic partnership to advance Alaska LNG. Under the agreement, Danaos will facilitate the construction and operation of …
Glenfarne Announces Strategic Partnership With Danaos to Advance Alaska LNG Read More »
(Reuters) – Oil and gas firm APA Corp said on Tuesday it curtailed production by about 91 million cubic feet per day of U.S. natural gas and 7,600 barrels per day of U.S. natural gas liquids in the fourth quarter in response to weak prices. It expects fourth-quarter average realized natural gas prices in the …
APA Curtails Quarterly US Natgas, NGL Production on Weak Prices Read More »
(Reuters) – Venezuela’s interim president Delcy Rodriguez said on Tuesday that the country has received $300 million from oil sales, the first proceeds from U.S. President Donald Trump’s announced 50-million-barrel oil supply deal with Caracas, following the capture of President Nicolas Maduro earlier this month. Trump said separately on Tuesday his country had taken the …
Venezuela Has Received $300 Million in Funds From Oil Sales, Acting President Says Read More »
(Reuters) – U.S. President Donald Trump said on Tuesday that his administration had taken 50 million barrels of oil out of Venezuela, and was selling some of it in the open market. “We’ve taken 50 million barrels of oil out of Venezuela in the first four days. We’ve got millions of barrels of oil left. …
Trump Says US Has Taken 50 Million Barrels of Oil Out of Venezuela Read More »
(Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The asset manager has begun early talks with investment banks about a possible listing of …
Blackstone Weighs $5 Billion Sale of Beacon Offshore, Bloomberg News Reports Read More »
(Reuters) – Oil production at Kazakhstan’s vast Tengiz oil field, one of the world’s largest, could be halted for another 7-10 days after shutting down on Sunday, cutting crude exports via the Caspian Pipeline Consortium, three industry sources told Reuters. The field’s operator Tengizchevroil (TCO) said on Monday that due to power supply problems, production …
Kazakhstan’s Tengiz Oil Field to Stay Shut for Another 7-10 Days, Sources Say Read More »
