Conventional Energy

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Saudi Aramco Plans Reorganisation to Create Gas Division, Sources Say

By Shadia Nasralla Aramco aims to expand in liquefied natural gas sector Considers subsidiary listings to raise cash, sources say Jafurah, crown jewel in gas portfolio, began output in 2025 LONDON, Sept 22 (Reuters) – Saudi oil ​giant Aramco (2222.SE) plans to reorganise its business to create a new gas division with an eye ‌on …

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EQT Sees Higher 2026 US Natgas Output on Lower Spending, CEO Says

(Reuters) – EQT, the second-biggest US natural gas producer, plans to pull more gas out of the ground in 2026 while spending less money than last year to meet growing global demand, CEO Toby Rice told Reuters on Tuesday. He said record production will come despite curtailed production in recent months by EQT and others …

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Saudi Crude Oil Exports Hit Four-Month High in July, Data Shows

(Reuters) – Saudi Arabian crude oil exports in July rose by about 3.3% from June to 4.125 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude oil production in the kingdom increased to 8.135 million bpd from 7.122 million bpd in June. Saudi …

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Iran Ready to Reopen Strait of Hormuz if US Eases Military Pressure and Lifts Blockade

(Reuters) – Iran can reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters on Tuesday. On Sunday, Iran’s military central command said it was informed the US was preparing to restart military operations with the support …

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Oil Tumbles to Two-Week Low as Saudi Pipeline Restarts and Iran Signals Possible Hormuz Reopening

EnergyNow Morning Oil Price Report Report Date & Time: September 22, 2026 – 5:31 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI’s expiring October contract is approximately US$93.28 per barrel, down US$2.50, or 2.61%, from Monday’s official US$95.78 settlement. The more actively traded November contract is around US$89.92, reflecting today’s …

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Canada Aims to Slash Time Needed to Review Major Projects

  (Reuters) – Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a goal Prime Minister Mark Carney says is necessary to help deal with US tariffs. Carney says Canada has to cut back on obstacles to growth, in particular streamlining a complex approval process for …

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Saudi Arabia Restarts East-West Oil Pipeline

(Reuters) – Saudi Arabia has restarted operations at its East-West ​Pipeline and could resume exports from the Red Sea port ‌of Yanbu later on Tuesday, three sources briefed on the matter said. Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at ​the kingdom’s Yanbu port. The resumption …

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Ranked: The World’s Largest Oil Importers – Visual Capitalist

By Niccolo Conte | Design Christina Kostandi Key Takeaways China imported 13.8 million barrels of oil per day in 2025, accounting for 18.1% of the world total and nearly twice the U.S. figure of 7.9 million. Asia-Pacific received half of the world’s oil imports, with China, India, South Korea, and Japan alone accounting for more …

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North Dakota Oil Output Seen Rising in August, State Regulator Says

(Reuters) – North Dakota crude oil production is expected to have climbed in August and maintain momentum in the following months as sustained drilling activity and robust crude prices support output across the state, the state Department of Mineral Resources said on Monday. Output in the United States’ third-largest oil-producing state rose marginally by 1,846 …

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North Dakota Oil Production up 2,000 bpd in July vs June to 1,157,000 bpd – State Regulator

(Reuters) – Oil production in North Dakota rose 2,000 barrels-per-day (bpd) to 1,157,000 bpd in July, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,129,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …

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