Oil prices jump after Trump says China agreed to buy U.S. crude following Xi talks
Oil prices rose Friday on news that China has agreed to purchase oil from America
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
ICIS analyst warns physical oil tightness could persist months after Iran war resolution
ICIS analyst Kojo Orgle warns that physical oil market tightness could persist for months even after a diplomatic resolution to
Bipartisan Senate bill targets future LNG export moratoriums
A bipartisan Senate bill backed by TIPRO and EWTC aims to prevent future LNG export permit moratoriums by strengthening protections
Protests Erupt as Cuba Says It’s Entirely Out of Fuel
Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power
Cuba Runs Out of Fuel
Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power
Crude Steady Following Trump-Xi Summit
Oil prices steadied as Trump and Xi discussed Iran and energy trade.
Trump says Xi backs diplomatic push to reopen Strait of Hormuz
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts to reopen the Strait of Hormuz as Gulf shipping
Decom Engineering appoints new chairman to support subsea expansion
Decom Engineering has appointed Keith McDermott as chairman as the company expands its offshore decommissioning, subsea engineering and industrial cutting
Argent LNG gains unanimous Louisiana legislative support
The Louisiana Legislature has unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, backing development of the 25-MMtpa
ABL wins Mero 3 and 4 SURF support contract offshore Brazil
ABL has been appointed marine warranty surveyor for Subsea7’s transportation and installation campaign supporting the Mero 3 and Mero 4
DNV warns AI scaling in energy networks requires digital trust
DNV has released a new position paper arguing that digital trust frameworks are essential for safely scaling artificial intelligence across
China eyes more U.S. oil amid Hormuz disruption, White House says
A White House official said Chinese President Xi Jinping expressed interest in increasing U.S. oil purchases to reduce China’s dependence
Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes
Key OPEC+ members aim to continue a series of oil quota increases over the next few months, delegates said.
USA Crude Oil Stocks Drop More Than 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 452.9 million barrels on May 8, according to the EIA’s latest
Bill Seeks to Tax Windfall Oil Profits in US amid Iran War
Revenue collected under the Iran War Oil Crisis Windfall Profits Tax Act would be released back to households to offset
JP Morgan Warns Oil Could Average $151 in Q4
J.P. Morgan warned that Brent could average as much as $151 per barrel in the fourth quarter of this year
Venezuela embarks on $150 billion restructuring of debt amid political turmoil
Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”
Meren Books Hedging Losses
Meren, a Canadian company producing in Nigeria, saw its financial losses deepen for the first quarter as the elevated oil
UK Gov to Introduce Energy Independence Bill
‘My Ministers believe that energy independence must be a long-term goal of national security’, King Charles said in the 2026
Iran war fallout forces Singapore Airlines-backed Air India to cancel 27% of international flights
Air India, a carrier co-owned by Tata Group and Singapore Airlines, plans to scale back over a quarter of its