Russia Ramps Up Arctic Oil Shipments to Syria
Russia has increased Arctic oil exports to Syria, sending 2.6 million barrels in 2025 as U.S. sanctions reshape oil flows.
Galp Aims for Brazil’s Big Oil Boost
Galp plans a 40% oil output increase in Brazil as the Bacalhau field nears full production with a new 220,000 bpd FPSO.
Oil Prices Rise as OPEC+ and Supply Fears Drive Market
Oil prices ticked higher as U.S. sanctions, Canadian wildfires, and the upcoming OPEC+ decision tightened global crude supply.
Saudi Arabia’s Refinery Growth Reduces the Impact of Oil Prices
Saudi Arabia expands oil refining to counter lower crude prices, boosting domestic output and increasing global resilience
USD/CAD Breaks Below 1.3700 Amid Weaker Dollars
USD/CAD breaks below 1.3700 as the US Dollar weakens further on debt concerns and dovish Fed outlook. CAD rises on strong inflation data.
Egypt Seeks LNG Cargoes Amid Summer Energy Crisis
Egypt is in urgent talks to import up to 60 LNG cargoes and fuel oil to prevent summer blackouts, as falling gas output and rising demand hit the country...
Aramco May Sell Assets to Boost Cash Flow
Saudi oil giant Aramco is considering asset sales to raise funds amid low oil prices and rising budget pressure. Global expansion plans continue.
China’s Domestic Gas Boom Slows LNG Demand
China is cutting back on LNG imports in favor of domestic and pipeline gas, but long-term demand remains strong, driven by industrial and transport sectors.
Russia’s Rail Cargo Declines as Economic Pressure Mounts
Russia’s leading exporters are pulling back on rail cargo shipments as economic and geopolitical pressures mount. A leaked Russian Railways document reveals lowered forecasts for 2025 amid weak demand,...
Rising Oil Inventories Point to Lower Prices Ahead
Oil inventories rising on land and sea signal weaker demand and potential price drops as OPEC+ output outpaces consumption.