Energy

OPEC+ is contemplating a further delay to a planned increase in oil output originally scheduled for January, according to sources within the producer group. This decision comes ahead of an online meeting set for Sunday, where OPEC+ will discuss its policy for the early months of 2025. Key Highlights:Current Discussions: OPEC+ members, including Iraq, Saudi […]

U.S. President-elect Donald Trump is set to implement a 25% import tariff on crude oil from Canada and Mexico, according to sources familiar with the plan. This decision has sparked concerns from the oil industry about potential negative impacts on consumers, industry stability, and national security. Key Highlights:Impact on Oil Imports: Canada and Mexico are […]

Donald Trump’s transition team is preparing a comprehensive energy plan aimed at significantly increasing U.S. gas exports and oil drilling activities. This initiative is set to be unveiled shortly after he takes office, emphasizing energy production as a key component of his agenda alongside immigration. Key Highlights:LNG Export Permits: A primary focus of Trump’s energy […]

The longstanding gas supply agreement between Austria’s OMV and Russia’s Gazprom has come to an abrupt end, triggered by OMV’s seizure of Russian gas to satisfy an arbitration award. This marks a significant shift in Austria’s energy landscape, as it was one of the few remaining European buyers of Russian gas. Key Highlights:Arbitration Award Seizure: […]

The United States has imposed new sanctions on Russia’s Gazprombank, as announced by the Treasury Department on Thursday. This action comes as President Joe Biden intensifies efforts to penalize Moscow for its invasion of Ukraine ahead of his departure from office in January. The sanctions utilize the Treasury’s most powerful tool, prohibiting Gazprombank from handling […]

U.S. energy infrastructure providers are set to achieve remarkable gains this year, driven by a surge in demand for power from emerging technologies, particularly generative artificial intelligence (AI). Investors are increasingly hedging against volatility in commodity markets, betting on long-term growth fueled by the energy needs of power-intensive technologies. The Alerian Midstream Energy Index, which […]

U.S. natural gas producers are set to boost output in 2025 following a year of production cuts, driven by rising demand from liquefied natural gas (LNG) export plants. This increase comes as prices, which had fallen to multi-decade lows, are expected to recover significantly. According to the U.S. Energy Information Administration (EIA), U.S. natural gas […]

In October, U.S. waterborne gasoline imports fell to their lowest levels since the COVID-19 pandemic, driven by a sharp decline in shipments from Europe and a significant drop in Asian cargoes. According to traders and ship-tracking data, gasoline imports totaled 335,000 barrels per day (bpd), marking a 37% decrease year-on-year and the lowest since April […]

Peru’s state-run oil company, PetroPeru, is considering offering a minority stake to private investors in the second half of 2025, as it aims to recover from financial difficulties and return to profitability. Chairman Alejandro Narvaez stated in an interview that the potential offering would only commence once the company is back in the black, with […]

OPEC+ is expected to face challenges in adjusting its oil production strategy during its upcoming meeting on December 1. With weak global oil demand persisting, sources and analysts indicate that increasing output could be risky, while deepening supply cuts may be difficult due to some member countries advocating for higher production. The group, which includes […]