Oilpatch holding off on investment changes despite crude price surge
(BOE Report) – Canadian oil and gas producers are benefiting from the surge in commodity prices driven by the Middle East war, but they say it’s not changing their investment plans in the near-term. The chief executive at oilsands giant Cenovus Energy says it’s
Mexico’s oil and gas sector needs certainty to drive investment, AMEXHI says
(World Oil) – The Mexican Association of Hydrocarbons Companies (AMEXHI) has expressed support for the federal government’s gas strategy aimed at strengthening energy sovereignty, while emphasizing the need for improved investment conditions to advance oil and gas development. The industry group said that enhancing competitiveness,
US will punish fraud and insider trading, derivatives regulator tells Congress
(Investing) – WASHINGTON – Washington’s top derivatives regulator on Thursday reassured lawmakers that the United States will punish fraud as concern mounts on Capitol Hill that oil, stock and prediction market players are illicitly trading on inside information from the White House, according to prepared
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
European, African crude oil prices hit records on supply disruptions despite ceasefire
(BOE Report) – European and African crude oil prices climbed to fresh records on Wednesday, defying a sharp selloff in oil futures after a U.S.-Iran ceasefire was reached on Tuesday, as traders priced in a prolonged disruption to physical oil supplies. The ceasefire announcement
The global supply reset: Africa back in play
(By Oil & Gas 360) – Africa is moving back to the center of global energy strategy, and this time, the interest looks more durable. After years of underinvestment driven by capital discipline, energy transition pressures, and above-ground risk, oil majors and independents are
Colombia’s energy balancing act: Production strength, investment uncertainty, and political risk
(By Oil & Gas 360) – Colombia’s oil and gas sector is at a turning point. It remains one of Latin America’s more established producers, with meaningful output, functioning infrastructure, and a strong national oil company. At the same time, policy direction, political uncertainty, and declining
Saudi Arabia February crude exports up, output highest since 2022, JODI says
(BOE Report) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production
War redraws energy trade routes
(By Oil & Gas 360) – As conflict in the Middle East disrupts traditional flows, Russia is quietly repositioning itself to capture new openings in global energy trade. Officials in Moscow have pointed to the shifting landscape as an opportunity, less about replacing lost
