A new feasibility study is evaluating a proposed deepwater oil pipeline between the UAE and India as regional energy security concerns intensify around the Strait of Hormuz.
The International Energy Agency (IEA) warned global oil inventories are falling rapidly as the Iran conflict and Strait of Hormuz disruption tighten crude supplies worldwide.
Alberta’s proposed Northwest Coast Oil Pipeline aims to expand Canadian crude export capacity to Asia while reigniting debate over Indigenous rights, regulation and long-term market access.
The UAE is accelerating construction of a new Fujairah oil pipeline aimed at sharply increasing export capacity while reducing reliance on the Strait of Hormuz.
The Department of Energy awarded contracts tied to a 53.3 million-barrel Strategic Petroleum Reserve exchange as the U.S. continues emergency crude releases aimed at stabilizing global oil markets.
Canada and Alberta reached a new industrial carbon pricing agreement tied to plans for a proposed 1 million-barrel-per-day crude oil pipeline to the country’s northwest coast.
YPF submitted a $25 billion Vaca Muerta oil export development under Argentina’s RIGI incentive program as the country pushes to expand shale production and exports.
The U.S. plans to replace every barrel released from the Strategic Petroleum Reserve as the Trump administration works to contain fuel price spikes tied to the Iran conflict.
Diamondback Energy placed an unusual hedge tied to the WTI-Brent spread as concerns grow over a potential U.S. crude export ban during ongoing global supply disruptions.
Angola plans to maintain crude oil production near 1 million barrels per day while expanding refining capacity through major projects at Cabinda and Lobito.
Citgo returned to profit in the first quarter as refinery throughput and crude processing rates climbed to near full utilization across its U.S. refining system.
Saudi Arabia’s crude exports to China are expected to fall to record lows in June as elevated oil prices and ongoing Hormuz disruptions weigh on Asian demand.
Iraq and Pakistan reached separate agreements with Iran to move crude oil and LNG through the Strait of Hormuz as regional energy disruptions continue.
Ludoil agreed to acquire Sicily’s ISAB refinery, a facility representing more than 20% of Italy’s refining capacity, as Europe faces renewed fuel supply concerns.
Enbridge is ramping up construction on its 41-mile Line 5 relocation project in Wisconsin as legal and permitting battles tied to the pipeline continue.
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