Friday, July 10, 2026

Weekly Oil Storage: Spring Build Resumes

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 3,019 MBBL last week to 423,498 MBBL, from 420,479 MBBL. This is 19% below the 520,184 MBBL that was in storage at this point last year, and is 1% above the five-year

Hyundai Approved to Install Upgraded Re-Liquefaction Technology on New LNG Carriers

From Pulse (South Korea) South Korea’s largest shipbuilder Hyundai Heavy Industries Co. is ready to apply its new liquefied natural gas (LNG)-reliquefaction system, which is expected to significantly improve energy efficiency, after winning safety approval from the country’s authority. Hyundai Heavy Industries won orders to build 15 LNG tankers, including seven options, last year, accounting for more than 40 percent

Russia, China

Japanese Firms in Consortium to Develop LNG Import Facility for Australia’s East Coast

From Reuters MELBOURNE (Reuters) – A consortium including Japan’s JERA and Marubeni Corp is aiming to ship liquefied natural gas (LNG) to Australia’s east coast, looking to supply industrial gas users and possibly a new power plant, the group said on Monday. JERA Co., Inc., is the world’s biggest LNG buyer. This is the second proposed LNG import terminal for