Has Iranian Crude Become Irrelevant To Global Oil Supply? Submitted by Tsvetana Paraskova Of OilPrice.com The reinstated U.S.

Qatar Asks Vessels At Key LNG Port To Go Dark for Safety Submitted by Charles Kennedy of OilPrice.com Qatar has requested LNG vessels near its Ras Laffan LNG port to switch off their…

Iraqi Supply Loss Could Expose The Real Limits Of OPEC Spare Capacity Authored by Julianne Geiger via OilPrice.com, Iraq has already begun shutting in production as exports through the…

Britain Reconsiders 78% North Sea Oil Tax As Investment Slows Authored by Julianne Geiger via OilPrice.com, The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop. The Treasury is holding talks with North Sea oil and gas producers about potentially scrapping the Energy Profits Levy before its scheduled 2030 expiry, according to people familiar with the discussions. After multiple extensions and rate hikes, the lev...

Japan's $36 Billion Bet On US Energy Dominance Authored by Irina Slav via OilPrice.com, Japan has committed $36 billion as the first tranche of its $550-billion U.S. investment pledge under last year’s trade deal, including plans to build a 9.2 GW natural gas power plant in Ohio. The remaining funds will support a synthetic diamond factory and the Texas GulfLink deepwater oil export terminal. The massive gas plant reflects surging U.S. electricity demand — particularly from A...

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a B...

The State of America's Rare Earth Supply Chain in 2026 - OilPrice.com Market Commentary  The Globe and Mail

Trump's Venezuela Oil Plan Runs Into Hard Reality Authored by Andrew Topf via oilprice.com, Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “W...

Soaring Electricity Demand Meets Gas Turbine Shortage Authored by Irina Slav via OilPrice.com, AI-driven power demand is surging far faster than expected, but a shortage of…

First Iranian Oil Moves Past US Blockade Ahead Of Deal Signing By Tsvetana Paraskova of OilPrice.com Iran’s first observed crude oil exports in two months have moved past the US…

Venezuela's Gas Potential Could Overshadow Its Famous Oil Reserves Authored by Felicity Bradstock via OilPrice.com, While attention is often on Venezuela's vast oil reserves, many experts believe that exploiting its natural gas fields, which were previously neglected, presents a more immediate opportunity for economic success. Developing Venezuela's gas industry will likely require an energy partnership with neighboring Trinidad and Tobago, as the island nation possesses the ...

Asian Refiners Mull Slashing Crude Processing As Iran War Threatens Supply By Michael Kern of OilPrice.com Asian refiners, particularly state-held majors heavily dependent on Middle…

The AI Boom Is Powering A Nuclear Renaissance Authored by Robert Rapier via OilPrice.com, Hyperscale AI data centers require city-scale electricity loads, making dependable baseload p