Market-moving news and intelligence across global energy markets.
Indonesia Energy Corporation (IEC) begins drilling at Kruh Block's K-29 well, with state-owned Pertamina committed to purchasing all crude oil produced.
Saudi Arabia has enacted its largest crude price cut for Asian buyers in over two decades, signaling intense competition as Gulf supplies rebound and Hormu
Altera Infrastructure finalizes agreements with Eni for a new FPSO for the Baleine Phase Three project, boosting Côte d'Ivoire's oil and gas output.
UK-listed Genel Energy acquires Capricorn Energy for $360 million, securing a major foothold in Egypt and reducing its reliance on Iraqi Kurdistan assets.
Senegal significantly increased its crude oil and LNG exports in June 2026, driven by robust offshore production and the Grand Tortue Ahmeyim project's ram
OPEC+ nations will increase crude production by 188,000 bpd in August, continuing a gradual supply hike as Strait of Hormuz exports improve and Brent price
OPEC+ agrees to raise output by 188,000 bpd from August as Strait of Hormuz exports recover, pushing oil prices to pre-war levels.
OPEC+ agreed to increase oil output by 188,000 bpd from August as Strait of Hormuz exports recover, pushing Brent crude prices to pre-war levels.
ADNOC's investment arm, XRG, has acquired an additional stake in the Rio Grande LNG project in Texas, solidifying its presence in the US and global gas mar
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