- — PetroChina adds 1.15 bln barrels of shale oil reserve at pilot project, state media says
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at 9/26/25 3:00pmPetroChina has proven another 158 million metric tons, or about 1.15 billion barrels, of shale oil reserve in a pilot project in northeast China, Chinese state media reported on Friday. The Daqing Gulong project, located in northeast Chinas Heilongjiang province and covering an area of 2,778 square kilometers, is currently pumping 3,500 tons, or about ...- — OPEC+ is poised to slip further below oil output target
- at 9/26/25 3:00pmOPEC+ has delivered about three quarters of the extra oil output it targeted since the group started production hikes in April, and the level may fall closer to half later in the year as producers hit capacity limits, sources and analysts said and data showed. OPEC+, which produces 50% of global oil and brings together ...
- — Ukraine strikes on Russian oil might be too successful for Trump’s liking
- at 9/26/25 3:00pmUkraines repeated strikes on Russian energy infrastructure have dealt a serious blow to Moscows vital fuel exports just as Western sanctions are tightening. But if these attacks are too successful, they risk raising the ire of U.S. President Donald Trump. The conflict between Russia and Ukraine that began in 2022 took a sharp turn in ...
- — Middle East Crude-Benchmarks slump below $2/bbl
- at 9/26/25 3:00pmSpot premiums for Middle East crude benchmarks Oman, Dubai and Murban slumped on Friday to below $2 a barrel, as unsold November-loading supply and a potential resumption of exports from the Kurdish region weighed on the market. BRAZILIAN OIL Asian trading firm Cathay Petroleum has agreed an annual deal marketing Brazilian crude oil in the ...
- — Russia plans partial diesel export ban till year-end, little impact seen, traders say
- at 9/26/25 3:00pmRussia is set to introduce a partial ban on diesel exports until the end of the year to tackle shortages following a spate of Ukrainian drone attacks on Russian refineries but traders said they expected the measure to have little impact on fuel flows. Russias restrictions will only be applied to exporters who do not ...
- — Oil set for biggest weekly gain in three months as Russia cuts fuel exports
- at 9/26/25 4:00amOil prices edged up on Friday, on track to climb more than 4% for the week, as Ukraines attacks on Russias energy infrastructure prompted Moscow to curb fuel exports and brought it close to cutting crude output. Brent futures climbed 21 cents, or 0.3%, to $69.63 a barrel by 0635 GMT, while U.S. West Texas ...
- — BP postpones oil demand peak prediction to 2030 from 2025
- at 9/26/25 4:00amBP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency. The oil majors latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios. The Current Trajectory scenario is based on existing policies ...
- — Recoverable US natural gas supplies rise 16%, report shows
- at 9/26/25 4:00amThe Potential Gas Committee’s year-end 2024 assessment estimates 3,871 trillion cubic feet (tcf) of total technically recoverable natural gas resources in the U.S., reflecting a 507 tcf or 16% increase from its previous assessment at year-end 2022. According to the report, shale gas accounts for 58% of total gas resources. A substantial portion of the ...
- — Wood Mackenzie discloses oil and gas companies need to brace for tough 2026 as capital budgets fall and low-carbon spending faces further cuts
- at 9/26/25 4:00amOil and gas companies will plan for a tough year in 2026, with capital budgets set to decline as firms prioritise financial strength over long-term growth investments, according to Wood Mackenzies new Corporate Strategic Planner Oil and Gas 2026. The comprehensive corporate planning toolkit reveals that companies will maintain disciplined investment criteria whilst navigating significant ...
- — World leaders call for permanent polluter profit tax to fund climate action
- at 9/25/25 3:00pmA coalition of nearly 40 former heads of state and government have called on governments around the world to adopt a permanent polluter profit tax on fossil fuel companies to finance urgent climate action. The open letter argues that fossil fuel companies must contribute their fair share to fund the global energy transition and address ...
- — BP sees oil demand growth until 2030 due to slowing energy efficiency gains
- at 9/25/25 3:00pmBP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil majors latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios. The Current Trajectory ...
- — Middle East Crude-Benchmarks slump as supplies weigh
- at 9/25/25 3:00pmMiddle East crude benchmarks Oman, Dubai and Murban tumbled on Thursday, slipping to multi-week lows as strong supplies weighed. Mercuria delivered another two Upper Zakum crude cargoes to Gunvor and NPI following Dubai partials trade on Platts window, bringing its total tally this month to 35 cargoes, traders said. A total of 37 Upper Zakum ...
- — BP sees oil demand growth until 2030 due to slowing energy efficiency gains
- at 9/25/25 3:00pmBP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil majors latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios. Make sense of ...
- — U.S. total distillate inventories forecast to end 2025 and 2026 at multiyear lows
- at 9/25/25 4:00amIn our September Short-Term Energy Outlook, we forecast U.S. total distillate inventories to end 2025 and 2026 at lower levels than previous years because of significant inventory draws in 2025, strong export demand, and domestic production declines stemming from refinery closures. In the weeks since the publication of this forecast, U.S. distillate inventories have increased ...
- — Oil pulls back from seven-week high amid cautious outlook
- at 9/25/25 4:00amOil prices edged down on Thursday, retreating from the previous sessions seven-week high, as some investors took profits after U.S. stocks closed lower and in anticipation of slower winter demand as well as the return of Kurdish supplies. Brent futures were down 49 cents, or 0.7%, to $68.82 a barrel at 0825 GMT, while U.S. ...
- — Russian fuel crisis widens after Ukrainian attacks, sources say
- at 9/25/25 4:00amRussia is seeing shortages of certain fuel grades as Ukrainian drone attacks reduce refinery runs and high borrowing costs mean private filling stations cant afford to stockpile fuel, according to traders and retailers. Ukraine has stepped up drone attacks on Russian energy infrastructure in recent weeks targeting refineries and export terminals to reduce Moscows export ...
- — Marginal cost of U.S. shale to move from $70 to $95 WTI by mid-2030s
- at 9/25/25 4:00amEnverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, released a report today highlighting the impending depletion of North America’s core oil and gas inventory and its implications for global energy markets. “North America’s dominance in supplying global oil demand growth is waning. ...
- — Oil, gas production slipped in Q3 2025, Dallas Fed survey shows
- at 9/25/25 4:00amOil and gas production and activity in the key producing states of Texas, Louisiana and New Mexico declined slightly in the third quarter of 2025, according to the Dallas Fed on Wednesday. Costs among oilfield service firms rose in the third quarter compared with the second quarter, but at a slower pace. Companies expect a ...
- — US crude stocks, gasoline and distillate inventories fall, EIA says
- at 9/24/25 3:00pmU.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 607,000 barrels to 414.8 million barrels in the week ended September 19, the EIA said, compared with analysts expectations in a Reuters poll for a 235,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery ...
- — North Dakota rig count, frac crew count fall, state regulator says
- at 9/24/25 3:00pmThere are currently 27 active rigs in North Dakota, down from 29 in August, according to the states Department of Mineral Resources on Tuesday. There are currently 12 frac (hydraulic fracking) crews operating in the state, down from 14 in August. Bakken oil delivered at Clearbrook, Minnesota, was pricing at 55 cents per barrel below ...
- — Serbia’s NIS oil company seeks seventh waiver of US sanctions
- at 9/19/25 3:00pmSerbias Russian-owned oil company NIS has requested a seventh waiver to postpone U.S. sanctions that would put at risk its crude oil supply and is seeking its removal from Washingtons sanctions list, the company said on Friday. The previous waiver, granted last month, expires on September 26. NIS, majority-owned by Russias Gazprom Neft and Gazprom ...
As of 9/28/25 1:26am. Last new 9/27/25 8:46am.
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