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(Reuters) – Saudi Arabia’s crude supply fell 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. The drop follows the targeting by groups linked to Yemen’s Houthis of ships …
Saudi Oil Supply Hits More Than Three-Decade Low After Houthi Attacks, IEA Says Read More »
(Reuters) – China’s state oil companies have been at the forefront of Beijing’s increasing prioritisation of energy security over the past decade, making investments that have helped soften the blow from the closure of the Strait of Hormuz. Since 2018, Sinopec, PetroChina and CNOOC Ltd have spent hundreds of billions of dollars drilling domestically while …
How China’s Oil Majors Helped Beijing Prepare for an Energy Crisis Read More »
(Reuters) – Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Of the seven vessels, two Panamax ships exited the strait, one carrying fertiliser and the other sailing in ballast, according to data from …
Hormuz Shipping Traffic Falls to Single Digits, Data Shows Read More »
Reuters Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring. An increase in attacks on oil tankers in Middle …
IEA Warns 2026 Oil Supply Gap Will Widen on Delayed Return of Normal Gulf Flows Read More »
By Robert Tuttle Canadian oil sands producers now have what’s needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country’s energy minister says. The government on Wednesday revealed plans to remove federal environmental reviews of energy projects, including oil and gas pipelines, natural gas plants and …
Oil Sands Now Has Policies Needed to Boost Output, Canada Says Read More »
TOKYO, Sept 10 (Reuters) – Global cumulative investment in clean hydrogen projects has topped $130 billion as governments increasingly view the fuel as a tool for energy security and industrial growth alongside decarbonisation, the Hydrogen Council said on Thursday. The investment in more than 570 committed projects supports about 6.9 million metric tons per year …
By Thomas Seal, Brian Platt, and Christine Dobby Canada plans to show some of the world’s biggest investors a pitchbook laying out tens of billions of dollars’ worth of projects spanning data centers, advanced manufacturing, liquefied natural gas, ports and dozens of mines. A document seen by Bloomberg News features 167 projects intended to be …
Carney Woos Investors With Data Centers, Mines and LNG Deals Read More »
(Reuters) – Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. …
China Independent Refiners Scramble for Oil, Underpinning Spot Premiums Read More »
(Reuters) – The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world’s largest oil exporter, and …
(Reuters) – Natural gas and LNG have emerged as the fossil fuel industry’s most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy …
Where Global Gas and LNG Infrastructure is Growing: Maguire Read More »
