(Investing) – LONDON – Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude was down 7 cents, or 0.1%, to $63.19 per barrel by 1255 GMT. U.S. West Texas Intermediate dipped 10 cents, or 0.2%, to $59.57 a barrel. For the week, Brent was largely stable and
(BOE Report) – CALGARY – A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested the study on permitting from the National Petroleum Council, which includes 200
(Investing) – A cold start to winter and record liquefied natural gas (LNG) flows have helped drive a strong rally in prices since mid-October, said analysts at Morgan Stanley, seeing further upside ahead. At 08:55 ET (13:55 GMT), natural gas prices fell 0.5% to $4.968 per million British thermal units, or MMBtu, but are up over 17% over the course of
(World Oil) – Halliburton has promoted Shannon Slocum to executive vice president and chief operating officer, effective Jan. 1, 2026, marking a significant leadership shift as the company sharpens its focus on operational execution and long-term strategy. Slocum, who will also join Halliburton’s board of directors, will assume responsibility for global operations, business development, health, safety and environment (HSE), and worldwide technology.
(World Oil) – The National Petroleum Council (NPC) has released the first two reports in its Future Energy Systems series, outlining a suite of reforms aimed at strengthening U.S. energy reliability as electricity demand accelerates. The reports—requested by U.S. Energy Secretary Chris Wright—call for streamlined permitting, clearer accountability frameworks, and improved coordination between natural gas and electric market regulators. NPC Chair
(Oil Price) – The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing commodity supply are grappling with a series of route disruptions and sanctions. Despite the typically weaker commodity demand period toward the end of each year, the last weeks of 2025 don’t show
(Council of the EU) – Today, the Council presidency and the European Parliament’s representatives reached a provisional agreement on the regulation to phase out imports of Russian natural gas. The regulation constitutes a central element of the EU’s REPowerEU roadmap to end dependency on Russian energy following Russia’s weaponisation of gas supplies with significant effects on the European energy market. The regulation introduces a
(BOE Report) – Soaring U.S. natural gas prices are eroding profit margins for the nation’s LNG producers, a trend that could deepen in the coming years, forcing exports to drop as global competition heats up. U.S. benchmark Henry Hub gas prices spiked on Wednesday to their highest level in three years at over $5 per million British thermal units (mmbtu)
(Investing) – LONDON – Oil prices were steady on Thursday, with the market focused on Ukraine’s attacks on Russian oil assets, while stalled peace talks tempered expectations of a deal restoring Russian oil flows. Brent crude rose 35 cents, or 0.6%, to $63.02 at 1326 GMT, while U.S. West Texas Intermediate rose 41 cents, or 0.7%, to $59.36. Ukraine hit the Druzhba
Natural Gas Inventories as of November 28, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 12 Bcf as of November 28, 2025. Working gas in storage was 3,923 Bcf as of Friday, November 28, 2025, according to EIA estimates. This represents a net decrease of 12 Bcf from the previous week. Stocks were
(Oil Price) – The world’s biggest private equity groups are investing in infrastructure assets of the national oil companies of the Middle East as Saudi Arabia and the United Arab Emirates (UAE) opened their pipeline networks to foreign capital. Private equity giants are now seeking a slice of the infrastructure assets of the international majors in deals that would give Big
(World Oil) – Aramco has begun gas production from the first phase of its Jafurah development, marking a major step in Saudi Arabia’s push to scale unconventional resources and expand domestic gas supply. According to Reuters, the milestone was disclosed in the Saudi Ministry of Finance’s 2026 budget statement, which listed the start-up as a key 2025 achievement. Jafurah is considered the
