US Refiners Have Run Harder in 2026 as Tight Diesel Supplies Boost Margins, EIA Says

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

(Reuters) – The US Energy Information Administration said on Thursday that US refiners have maintained higher-than-normal run rates this year, buoyed by strong margins stemming from tight global supplies of refined fuel products. Refinery utilization has averaged more than 95% of capacity between May and September, the highest for those months since 1998, the EIA …

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Citi Sees Oil Risks Skewed to Upside Despite Recovery in Gulf Exports

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(Reuters) – Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight. “The normalization of Arab Gulf oil exports has been volumetric rather than logistical, with unprecedented shipping inefficiencies keeping delivered crude costs elevated,” …

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Shell- and Exxon-Backed UK Chemicals Group Weighs $8 Billion Sale, FT Reports

CDN and International News, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions / By

(Reuters) – Infineum, a UK-based chemicals group backed by Shell, is exploring an $8 billion sale, the Financial Times reported on Thursday, as the energy major tries to refocus on its core oil and gas operations. The chemicals group, which is owned by Shell and ExxonMobil as a 50:50 joint venture, has tapped advisers at …

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Cheniere Signs Long-Term LNG Supply Deals With QatarEnergy Through 2054

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(Reuters) – Cheniere Energy said on Thursday it has signed long-term agreements to supply QatarEnergy with 4 million metric tons of liquefied natural gas (LNG) annually from the early 2030s through 2054, as it plans to expand production capacity. Here are more details: Agreements cover 2 million metric tons per year each from Cheniere’s Sabine …

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COMMENTARY: Don’t Mistake Mideast Oil Rebound for Normality: Bousso

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  Crude oil prices remain near five-month highs despite a recent surge in Middle East crude exports above pre-war levels and intensifying Iranian attacks on tankers in the Strait of Hormuz. This suggests investors may already be bracing for another round of regional escalation. The rebound in crude flows from the Gulf is striking. Middle …

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Oil Prices Surge as Deadly Attacks on Saudi Energy Infrastructure and Tankers Raise Middle East Supply Fears

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EnergyNow Morning Oil Price Report Report Date & Time: October 22, 2026 – 5:30 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$99.28 per barrel, up US$2.13, or 2.19%, from Wednesday’s official settlement of US$97.15. Oil is climbing sharply following deadly attacks on Saudi Arabian infrastructure and …

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Saudi Aramco Seeks to Partner with Countries to Expand its Oil stockpile, CEO Says

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

  Saudi Arabia and its oil giant Aramco are seeking to partner with other countries to expand their strategic stockpile as it sees oil demand increasing to 3 million barrels per day after the Iran war, CEO Amin Nasser told Al Arabiya Business TV on Thursday. Nasser has previously said Aramco’s incident response is now …

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Kinder Morgan to Invest $4.7 Billion in Two Gas Pipeline Projects as Demand Surges

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

  US pipeline operator Kinder Morgan said on Wednesday it has approved a total of $4.7 billion as its share of investments in two major natural gas pipeline joint ventures, citing rising demand from power plants, data centers and LNG exporters. The projects helped lift Kinder Morgan’s natural-gas project backlog to a record level, underscoring …

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Two Killed After Drone Intercepted Near Saudi Aramco’s Shaybah Oilfield

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

(Reuters) – Two people were killed after Saudi air defences intercepted a drone that was attempting to hit a facility at Saudi Aramco’s Shaybah oilfield on Wednesday, the energy ministry said. The incident comes amid an escalation of missile strikes by Yemen’s Iran-aligned Houthis on the kingdom. The incident caused a fire in a vehicle …

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US Preparing to Issue Ordered Departure of Some Personnel From Gulf Embassies – US Officials

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(Reuters) – The US State Department is preparing to issue an ordered departure of some personnel and family members from US embassies across the Gulf region, three US officials said on Wednesday. The move was due to a possible resumption of hostilities, particularly with Iran-aligned Houthi militia in Yemen, two of the US officials said. …

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