Tuesday, May 12, 2026
Can the world really move on from coal?- oil and gas 360- oil and gas 360

Can the world really move on from coal?

(By Oil & Gas 360) – Coal has been written off many times before. Each time, it stayed. Today, the conversation is returning with more urgency. Climate targets, investor pressure, and policy commitments continue pushing toward a future with less coal. But the real question is no longer whether coal use should decline. The question is whether the world is

A Trump-Xi deal could revive US energy exports to China- oil and gas 360

A Trump-Xi deal could revive US energy exports to China

(BOE Report) – U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. energy could be under consideration. Tariffs imposed during the U.S.-China trade war have halted most Chinese imports of U.S. oil and LNG, which

Global coal demand surges as Middle East energy crisis deepens- oil and gas 360

Global coal demand surges as Middle East energy crisis deepens

(Oil Price) – Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East. The trend has been accelerating in recent weeks, and global coal imports are on track to reach their third-highest monthly level on record, according to estimates by analytics platform Kpler cited by

China’s LNG imports collapse to six-year low as prices surge- oil and gas 360

China’s LNG imports collapse to six-year low as prices surge

(Oil Price) – China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on data from Kpler, Bloomberg has reported, citing soaring prices. April LNG arrivals are seen at 3.5 million tons, which would also be a 30% drop on a year ago, the report said. An earlier report by Reuters pegged China’s LNG imports

The global supply reset: Parallel markets, energy trade in a fragmented world- oil and gas 360

The global supply reset: Parallel markets, energy trade in a fragmented world

(By Oil & Gas 360) – Global energy markets are no longer operating as a single, integrated system. What has emerged instead is a parallel structure, one shaped as much by geopolitics and sanctions as by supply and demand. Nowhere is that shift more visible than across Eurasia, where countries are adapting to a market that is increasingly divided, rerouted,

Thailand, Iranian oil, and the economic cost of sanctions and war- oil and gas 360

Thailand, Iranian oil, and the economic cost of sanctions and war

(Oil & Gas 360) By Greg Barnett, MBA – Thailand’s recent decision to explore crude supply options with Oman reflects not a collapse in access to Iranian oil, but a deeper vulnerability to the geopolitical architecture surrounding it. Thailand does not meaningfully import Iranian crude. However, the U.S.–Iran war, combined with Washington’s tightened maritime blockade and secondary sanctions, has exposed how

Valeura charters jackup rig for multi-year drilling campaign in Gulf of Thailand- oil and gas 360

Valeura charters jackup rig for multi-year drilling campaign in Gulf of Thailand

(Oil & Gas 360) – Publisher’s Note: Valeura Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026.  Register to attend.  (World Oil) – Valeura Energy has secured a long-term offshore drilling rig to support continued development and exploration across its Gulf of Thailand portfolio. The company has chartered the Shelf Drilling Enterprise jackup rig for a three-year term through the end

China’s oil giants begin selling crude as refinery cuts deepen- oil and gas 360

China’s oil giants begin selling crude as refinery cuts deepen

(Oil Price) – The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a rare move from the majors that have cut refinery rates in response to soaring oil prices and constrained crude supply from the Middle East. Sinopec, the world’s biggest refiner by capacity, and Sinochem Group have already sold

Kuwait declares force majeure as Hormuz disruption halts oil export flows- oil and gas 360

Kuwait declares force majeure as Hormuz disruption halts oil export flows

(World Oil) – Kuwait declared force majeure on shipments of crude oil and refined products as the blockade of the Strait of Hormuz makes it impossible to meet obligations to customers that can’t bring vessels into the Persian Gulf. State-run Kuwait Petroleum Corp. notified customers Friday that it was invoking the contractual clause that allows a supplier to miss deliveries,

U.S. energy diplomacy in Asia reshapes trade balances as LNG and crude flows surge- oil and gas 360

U.S. energy diplomacy in Asia reshapes trade balances as LNG and crude flows surge

(Oil & Gas 360) By Greg Barnett, MBA – As the United States leverages its LNG and crude oil exports amid geopolitical turmoil, its economic relationship with Asia is coming sharply into focus.   Tightening trade balances, tariff dynamics, and energy diplomacy are reshaping ties with China, Japan, South Korea, and India , each driven by their own urgency to diversify

Taroom: Australia’s new oil play- oil and gas 360

Taroom: Australia’s new oil play

(By Oil & Gas 360) – Queensland’s Taroom Trough is quickly emerging as one of the most closely watched new oil developments in the developed world, not just for its resource potential, but for how aggressively it is being positioned for development. After decades without a major new onshore oil province, Australia may be on the verge of bringing a new

Tanker fleet heads to load U.S. oil as Middle East supply crumbles- oil and gas 360

Tanker fleet heads to load U.S. oil as Middle East supply crumbles

(Oil Price) – Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the Middle East. “Tankers are forming what looks like a fleet, an unbroken line