Market-moving news and intelligence across global energy markets.
Ensign Energy Services has closed its $65 million acquisition of Citadel Drilling, significantly boosting its high-spec rig fleet in the U.S. Permian Basin
The IEA significantly lowers its 2026 global oil demand forecast, citing the Strait of Hormuz closure and high fuel prices, while OPEC maintains a growth o
The $51 billion Argentina LNG project, led by YPF, Eni, and ADNOC's XRG, has applied for Argentina's Large Investment Incentive Regime, targeting FID by ye
ExxonMobil is advancing Mozambique's Rovuma LNG project, awarding engineering contracts ahead of a targeted 2026 Final Investment Decision for the $30-32 b
Europe pushes ahead with Russian gas and LNG phase-out, yet pipeline flows via TurkStream persist, complicating energy security amid low storage and heatwa
OPEC+ extends 2.5 million bpd oil production cuts, responding to Middle East supply disruptions and geopolitical risks, pushing Brent crude above $100.
Indonesia's government is considering restricting subsidized Pertalite gasoline purchases for luxury car owners and top-income households to curb rising su
China's new five-year energy plan sets ambitious targets to generate half its electricity from non-fossil sources by 2030, signaling a significant shift in
Global oil prices fell as OPEC and IEA lowered 2026 demand forecasts amid US-Iran talks deadlock and Strait of Hormuz disruptions, keeping supply risks ele
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