Russia’s ESPO crude price drops as Chinese refiners reduce demand in 2025

Russia’s ESPO Crude Prices Drop as Chinese State Firms Cut Demand

The price of Russia’s ESPO crude blend, the flagship grade exported from the Russian Far East, slumped to the lowest ...
US sanctions on Venezuela impact Eni and PDVSA oil payments in 2025.

US Sanctions Tighten: Eni Faces Payment Halt for Venezuelan Gas Supplies

Italian energy company Eni said it had been notified by US authorities that it can no longer be repaid for ...
Europe’s LNG imports surge in 2025 due to weak Asian demand and price drop

Europe’s LNG Imports Surge Amid Weak Asian Demand and Falling Gas Prices

Europe is taking advantage of weak Asian demand for liquefied natural gas and has boosted its LNG imports to the ...
U.S. oil and gas drilling rig count update for 2024 with market trends

U.S. Drilling Rig Count Holds Steady as Oil Prices Rise – Latest Market Update

The total number of active drilling rigs for oil and gas in the United States held steady this week, according ...
WTI crude oil price forecast for 2025 and 2026 based on expert market analysis

WTI Crude Oil Price Forecasts for 2025 & 2026 – Expert Predictions & Market Trends

The U.S. Energy Information Administration (EIA) raised its West Texas Intermediate (WTI) spot price forecasts for 2025 and 2026 in ...
Oil prices increase due to economic growth and geopolitical tensions in the Middle East

Oil Prices Rise Amid Economic Optimism and Middle East Tensions – What’s Next?

Oil rose for a second session on optimistic economic signals from the two biggest consumers of crude, while US attacks ...
EU Affordable Energy Action Plan to cut costs and boost clean energy by 2050

EU’s Affordable Energy Action Plan: Lower Costs & Boost Clean Energy

The European Commission on Wednesday issued an action plan to cheapen energy for households and businesses and in the process ...
Trump’s energy plan 2024 highlighting LNG and natural gas expansion in the U.S

Trump’s Energy Plan: How LNG and Natural Gas Will Drive U.S. Growth in 2024

As one of his first executive orders, Trump expedited the LNG export license process. It is likely that the U.S ...
"Oil price drop chart showing market impact of Trump’s trade policies in 2024

“Oil Prices Plunge Amid Trump’s Trade Turmoil – What’s Next for Crude?”

Oil slipped to a new low for the year as US President Donald Trump blitzed markets with a slew of ...
Offshore oil rig near the Amazon River as Brazil expands drilling under Lula’s leadership.

Brazil’s Oil Boom: Lula Pushes for Amazon Drilling Despite Environmental Concerns

Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the ...
Subsea electricity cable installation for the Eastern Green Link 1 project.

Eastern Green Link 1: £2.5B Subsea Electricity Superhighway Breaks Ground

SP Energy Networks and National Grid Electricity Transmission have broken ground on a 190-kilometer (118 miles) subsea electricity superhighway. The ...
Oil refinery under US sanctions with Iranian oil exports at risk.

US Plans to Cut Iran’s Oil Exports to 100,000 BPD – Maximum Pressure Returns

Treasury Secretary Scott Bessent said the US aims to squeeze Iran’s oil exports to less than 10 percent of current levels ...
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