Russia and Ukraine Trade Strikes on Black Sea Ports
(Bloomberg) — Russia and Ukraine struck each other’s Black Sea ports overnight, damaging infrastructure including an oil refinery.…
US Crude, Product Inventories Rise Again
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of…
SENER Issues Rules for Contracts: The Week in O&G
SENER published new rules defining how oil and gas contracts can be terminated under force majeure, aiming to…
US Says It Intercepted Second Tanker in Venezuela Blockade
(Bloomberg) — The US Coast Guard stopped and boarded an oil tanker in the Caribbean early Saturday that…
EIA Reports Modest U.S. Crude Draw after API Surprise
By Julianne Geiger – Dec 17, 2025, 9:39 AM CST Crude oil inventories in the United States decreased…
TotalEnergies CEO Says Growing Demand Will Underpin Oil
(Bloomberg) — TotalEnergies SE Chief Executive Officer Patrick Pouyanne said rising demand for oil will help to underpin…
Tokyo Gas to Invest in US Downstream Assets to Drive Growth
(Bloomberg) — Tokyo Gas Co., Japan’s biggest distributor of the fuel, plans to invest in US downstream assets…
China Upends the Weak Oil-Demand Narrative
China’s latest oil import data has been rather bullish, with November imports rising 5% year on year. Not…
Slouching Towards A Self-Inflicted Energy Crisis
California Gov. Gavin Newsom speaks at a session at the We Mean Business Pavilion during the COP30 U.N.…
Turkey Eyes US Gas Field Investments After Wave of LNG Deals
(Bloomberg) — Turkey is exploring investments in US oil and gas fields as it accelerates a sweeping overhaul…
India’s Torrent Gas Hires Citi, Two Others for $450 Million
(Bloomberg) — India’s Torrent Gas Ltd. has hired three banks for its planned initial public offering that may…
The complex crude glut picture
The swelling crude supply story involves the key plot twists of reluctant buyers, limited oil stocks and refiners…