US Crude Exports Rise to 1.5-Year High — Driven by Strong Asian Demand & Refinery Maintenance Export Surge: U.S. crude oil exports have reached their highest level in nearly 18 months, fueled by strong demand from Asian refiners and a temporary slowdown in domestic refinery activity. Updated Analysis As several major U.S. refineries undergo maintenance, […]
Category Archives: News
17
Sep
Sep
China & Russia Fuel Iran’s Oil Production Growth Partnership Revival: Iran is boosting its oil output through renewed strategic ties with China and Russia, helping it counter sanctions and tapping huge reserves like those in the West Karoun fields. These collaborations include investment, technical assistance, and field development. Updated Analysis With Western sanctions continuing to […]
17
Sep
Sep
TotalEnergies & KOGAS Sign 10-Year LNG Supply Deal Long-Term Commitment: TotalEnergies and South Korea’s KOGAS have signed a Heads of Agreement (HoA) under which TotalEnergies will supply **1 million tons per year (Mt/yr)** of liquefied natural gas (LNG) to KOGAS for **10 years**, starting at the end of 2027. Updated Analysis This deal strengthens both […]
17
Sep
Sep
PM Modi Launches National Deepwater Exploration Mission Energy Self-Reliance: Prime Minister Narendra Modi announced the launch of the “National Deepwater Exploration Mission,” also termed Samudra Manthan, aimed at mapping and tapping India’s offshore oil and gas reserves. The mission seeks to cut import dependence, strengthen energy security, and create domestic opportunities in ocean engineering and […]
17
Sep
Sep
EGPC Strikes Three New Exploration Agreements Across Egypt Deal Overview: Egypt’s EGPC signed three new oil & gas exploration agreements totaling approximately USD $121 million. The accords involve Perenco Egypt, Dragon Oil, and Apache Corp., covering offshore and onshore blocks and planned drilling programs aimed at boosting domestic exploration activity. Updated Analysis The agreements signal […]
17
Sep
Sep
Ukrainian Long-Range Drones Strike Russian Oil Port Major Disruption: Ukrainian forces deployed long-range drones against one of Russia’s largest oil ports, sparking fires and halting crude transfers for several hours. The attack not only caused immediate physical damage but also raised concerns about the vulnerability of Russian energy infrastructure and the ripple effect on European […]
16
Sep
Sep
Global Oil Market Update – September 2025 This month’s newsletter highlights critical developments in the petroleum sector, ranging from geopolitical disruptions to new exploration initiatives. These updates reflect the interconnected nature of global energy markets and their influence on supply chains, investment, and energy security. Ukrainian Long-Range Drones Strike Russian Oil Port Major Disruption: Ukrainian […]
29
Aug
Aug
Global Oil Market Update – Late August 2025 The latest on Russia & Kazakhstan oil exports, India’s crude imports, and China’s market volatility for late August 2025. Russia & Kazakhstan: Export Shifts and Infrastructure Moves Russia Increases Exports: Boosted August plan by 200,000 barrels/day after refinery attacks disrupted domestic processing, freeing more crude for shipment. […]
15
Aug
Aug
Oil Prices Fall as Market Eyes Trump-Putin Summit in Alaska Crude oil prices declined on Friday as traders nervously watch the historic summit between U.S. President Donald Trump and Russian leader Vladimir Putin. The talks could directly impact sanctions related to the war in Ukraine and, consequently, global oil supply. Brent crude futures fell 49 […]
25
Jul
Jul
Decoding the EU’s New Russia Oil Sanctions: Price Caps, Shadow Fleets, and Global Impact The intricate dance between the European Union and Russia over energy has entered a new, more aggressive phase. Historically one of Russia’s largest energy customers , the EU’s relationship with Moscow generated substantial revenue for the Kremlin, with Russia supplying approximately […]
