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THE TIPPING POINT: ADNOC Trading Chief Flags August as Tipping Point for Oil Prices

CDN and International News, Conventional Energy, Latest, Oil / By

Summary Hormuz transit to remain below pre-war levels as long as peace uncertain, Khoury says Airlines that hedged jet fuel prices still cannot fly due to lack of physical supply, he says Chinese demand not what it should be; “teapot” refineries showing appetite, ADNOC exec adds (Reuters) – August could mark a tipping point for …

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IEA Sees Possibility of Critically Low Stockpiles Ahead of Peak Summer Demand

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Global oil inventories could hit critical levels ahead of ​the peak summer demand period if stock ‌draws continue at their current pace, the head of the International Energy Agency’s oil industry and markets division said ​on Tuesday. “We’re seeing stock draws continuing into ​the summer, and with the possibility or the ⁠likelihood that …

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Kathairos, Oil and Gas Service Company, Hits One Million Tons of CO2e Eliminated

Company Announcements, Latest, Press Releases / By

CALGARY, Atla, June 01, 2026 — What started with a single liquid nitrogen tank in the field has transformed routine oil and gas operations. Kathairos’ nitrogen systems have now directly eliminated one million metric tons of CO2 equivalent— and counting. Kathairos Solutions has crossed a major climate milestone: one million metric tons of CO₂e eliminated. …

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US Crude Refiners Are Pushing Run Rates to Maximum Levels

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

By Barbara J. Powell US oil refiners are running their plants harder than usual, with some even putting off maintenance, as strong profits and steady demand for fuels tempt the processors to run plants near maximum capacity. The industry has had one of its lightest maintenance seasons in years. From January through May, refiners shut …

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Analysts Tell OPEC+ Hormuz Disruption to Last Through Year End

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Grant Smith Oil industry experts have told OPEC+ that supply disruption caused by the closure of the Strait of Hormuz will persist to the end of the year, even if the waterway reopens promptly. Consultants and analysts gathered at OPEC’s Vienna headquarters for a technical meeting on Monday warned that it will take many …

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Princeton Endowment Backs Out of Oil and Gas Divestment Pledge

Conventional Energy, Latest, Natural Gas, Oil, US News / By

By Janet Lorin People walk on the Princeton University campus in Princeton, New Jersey. Photographer: Craig Warga/Bloomberg Princeton University’s endowment is backtracking on its pledge to divest from publicly traded oil and gas companies, four years after it said it would exit such holdings as way to move toward a net-zero portfolio. A trustee-mandated decision …

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US Crude Exports Hit Record High in May as Iran War Tightens Global Oil Supplies

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. crude exports climbed to a record 5.6 million barrels per day in May as the Middle East crisis pushed up demand for the country’s oil from Asian and European refiners, ship tracking estimates showed on Monday. The U.S. and Israel’s war with Iran triggered the largest-ever disruption to the global energy market …

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Venezuela’s Oil Exports Rose to 1.25 Million bpd in May, Shipping Data Shows

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Venezuela’s oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the United States, India and Europe, shipping data showed on Monday. Under the U.S.-supported government of interim President Delcy Rodriguez, Venezuelan crude production and exports have bounced this year …

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MANUFACTURED BACKLASH: How Big Green Astroturf Is Sabotaging North America’s AI Future – Tammy Nemeth & David Blackmon

Artificial Intelligence, Energy Topics & Technology, Latest, US News / By

  By Tammy Nemeth & David Blackmon Across rural Virginia, suburban Utah, and farm communities in the Midwest, residents are showing up at planning meetings to voice real worries about massive new data centers: noise, water use, electricity demand, and the conversion of farmland into industrial zones matter. Yet what appears as spontaneous local pushback …

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Iran is Stopping Message Exchanges With U.S., May Block Hormuz, Tasnim News Agency Says

Latest, US News / By

(Reuters) – Iran’s Tasnim news agency said on Monday that Tehran’s negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as diplomatic efforts to end the three-month-old Iran war continue. The agency said Iran and the Resistance Front, which includes its Shiite allies in Yemen, Lebanon …

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