Monday, April 27, 2026
OPEC oil prices

OPEC’s Fragile Five Can Easily Become a Shaky Six

From Bloomberg We may have to add Algeria to the growing list of OPEC countries whose oil production is suffering involuntary declines, expanding the so-called “Fragile Five” to a “Shaky Six” if protests in the North African country start to disrupt the flow of oil. Five OPEC countries — Angola, Iran, Libya, Nigeria and Venezuela — are already experiencing unplanned

EIG Plans to Bid for Brazil Pipeline Network as Petrobras Sets Deadline

From Bloomberg EIG Global Energy Partners plans to bid for Petrobras’s TAG natural gas pipeline network as the Brazilian oil giant is giving bidders just another three weeks to raise their offers. The state-run company released details on the leading offer to the other two competing groups, and they’ll have until April 2 to come up with final bids, EIG

Trump Budget Spares Oil Sector from Deep Cuts

From Argus Media President Donald Trump’s proposed budget would cut billions of dollars from the energy sector’s top regulators but spare federal programs that are important to oil and gas companies. The fiscal 2020 budget, released today, would make deep cuts to non-defense government spending. It has already been declared dead on arrival in Congress. The US Interior Department and