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Russian Oil Finds New Site for Controversial Cargo Switching

Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a...

South African court throws Shell a lifeline in exploration dispute

Shell has lost a South African court appeal that was attempting to overturn a previous judgment blocking offshore oil exploration on the Wild Coast, in...

Sinopec secures $1.1bn gas pipeline contract from Aramco

Sinopec Oilfield Service, a unit of Chinese oil company Sinopec, has received a 7.95bn yuan ($1.1bn) contract with Saudi Aramco to construct natural gas pipelines...

China Speeds Up Grid Projects to Keep Up with Renewables Boom

China is ramping up investments in grid infrastructure to keep pace with a record-setting boom in renewables that has put the electricity network under...

TotalEnergies, Staatsolie Move Towards FID for Suriname Block

TotalEnergies and Staatsolie Maatschappij Suriname N.V, the Suriname national oil company, said they have taken “several significant steps” towards a final investment decision (FID)...

Namibia’s Orange basin offers optimism despite declining high impact exploration drilling, report finds

The latest analysis from Westwood Global Energy Group reveals that despite favorable oil prices in 2022, high-impact exploration drilling in 2023 declined by 21%,...

USA Crude Oil Stocks Rise WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 1.2 million barrels from the week ending May 24...

Analysts Warn Against Rationalizing Reaction to OPEC+ Meeting

It is perhaps unwise to attempt to rationalize the market reaction to the various June 2 OPEC+ meetings, analysts at Standard Chartered Bank, including...

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