Market-moving news and intelligence across global energy markets.
U.S. oil production is set to plateau in 2026 despite elevated crude prices, driven by a shift to capital discipline and maturing Tier-1 Permian acreage.
OPEC+ is set to increase September oil targets by 188,000 bpd, but actual production lags due to persistent Middle East export disruptions and geopolitical
Indonesia officially launched construction of the $21 billion Abadi Masela LNG project, a strategic move to boost energy security and domestic gas supply a
Simultaneous disruptions across critical maritime and pipeline choke points are reshaping global oil markets, driving up costs for import-dependent Asia.
Ship insurers restrict war-risk coverage for Saudi cargoes in the Red Sea amid Houthi threats, driving up costs and physical crude prices towards $110/b.
Magnolia Oil & Gas expands its South Texas footprint with a $4.06 billion acquisition of WildFire Energy, boosting oil production and drilling inventory.
GE Vernova reports robust Q2 2026 results, driven by significant orders in Power and Electrification, raising full-year revenue and free cash flow guidance
Escalating US-Iran conflict and Houthi threats imperil Asian refiners' August output ramp-up, tightening global fuel stocks and boosting prices.
ADNOC and partners TotalEnergies, Eni, and CNPC announce a $6.2 billion Final Investment Decision for the Umm Shaif Gas Cap project in the UAE.
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