EIA Again Raises WTI Price Forecast for Both 2025 and 2026
In its latest short term energy outlook, the U.S. Energy Information Administration again raised its West Texas Intermediate price forecast for both 2025 and 2026.
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Phillips 66 Budgets $2.4B for 2026
'We are investing growth capital in our NGL value chain and high-return refining projects'.
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Chevron Reduces Price for Venezuelan Oil
Chevron lowered the price of Venezuelan crude offered to U.S. refiners after a tanker was seized by American forces in the Caribbean.
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USA Emerges as World's Hydrocarbon Superpower
The U.S. has emerged as the world's hydrocarbon superpower, Wood Mackenzie said.
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Pembina Completes Remarketing of Cedar LNG Share
Pembina signed a 12-year agreement allowing Ovintiv to use 0.5 million tonnes a year of liquefaction capacity at the under-construction Cedar LNG on Canada's West Coast.
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TotalEnergies, Galp Agree Exchange Involving Mopane, Venus Discoveries
'The transaction positions TotalEnergies as the operator of the two largest oil discoveries in Namibia'.
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Venezuela Reports Oil Export Outage after Cyberattack
Venezuela's state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend.
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Uniper Launches Sale of Baltic Pipeline Stake
Uniper is now open for expressions of interest for its 20 percent interest in the OPAL gas pipeline between Germany and Czechia.
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US Oil Slides to Four Year Low
Oil fell to multi-year lows on ceasefire optimism while oversupply concerns also weighed on prices.
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Tokyo Gas to Invest in USA Downstream Assets
Tokyo Gas Co., Japan's biggest distributor of the fuel, plans to invest in U.S. downstream assets.