Saturday, June 27, 2026
Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela’s PDVSA Braces for Low Output from Crucial Crude Upgraders

From Reuters Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and energy blackouts hit the OPEC nation’s oil industry. Venezuela depends on the upgraders, which are mostly operated by joint ventures with foreign companies, to convert the extra-heavy crude

Saudis, Russia Determine the Future of OPEC+ Cuts this Month - Oil & Gas 360

Russia’s 2019 Oil Output Seen Rising If Curbs Not Extended

From Reuters Russian oil production may increase again this year if a global oil deal to cut output is not extended once it expires before July 1, Energy Minister Alexander Novak said on Friday. Russian oil production has been on the rise over the past 10 years thanks to launch of new fields and introduction of new technology. Moscow has

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Oil Price Benchmarks Are Defying the Laws of Supply and Demand

From Bloomberg The diverging fortunes of fuel products derived from crude are influencing two oil benchmarks more than the state of supplies in the market. U.S. sanctions on Venezuelan and Iranian oil as well as output cuts by the Saudi Arabia-led OPEC+ group are creating a shortage of heavy to medium “sour” crude that’s sulfurous and dense. Meanwhile, the American shale boom is generating

Oregon's Jordan Cove LNG Project Gets Draft EIS- Oil & Gas 360

Second West Coast LNG Project Takes a Step Forward

Oregon’s Jordan Cove LNG project gets draft EIS About the same time as Sempra Energy’s (stock ticker: SRE, $SRE) Baja Mexico-located LNG export project received two authorizations from the U.S. Department of Energy, FERC, the Federal Energy Regulatory Commission, released a draft environmental impact statement (EIS) for the Jordan Cove LNG Project and the Pacific Connector Gas Pipeline Project proposed by

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes - Oil & Gas 360

Shell Breaks Market Mold With Deal Linking Gas Prices to Coal

From Bloomberg Royal Dutch Shell Plc agreed to sell liquefied natural gas to a Japanese utility at prices that include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks. In what Shell and its customer, Tokyo Gas Co., said Friday is the world’s first such contract, the 10-year deal includes a pricing