Energy News Beat In a significant development amid escalating U.S. sanctions on Russian energy firms, Lukoil PJSC’s roster of potential buyers for its international assets has grown to include major players like Exxon Mobil Corp., Chevron Corp., and Abu Dhabi National Oil Co. (ADNOC), alongside U.S. private equity firm Carlyle Group. This expansion comes as […]
Energy News Beat In a landmark diplomatic and economic event, U.S. President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman (MBS) at the White House on November 18, 2025, marking a significant escalation in bilateral ties. During the high-profile meeting, MBS announced that Saudi Arabia would ramp up its investment commitments in the United […]
Energy News Beat The Golden Pass LNG plant, a flagship project in the U.S. liquefied natural gas (LNG) sector, is gearing up for its inaugural shipment in February 2026. This milestone marks a significant step forward for the joint venture between QatarEnergy and ExxonMobil, positioning the facility as a key player in meeting global energy […]
Energy News Beat As global oil prices hover below $70 per barrel and competition intensifies, major oil companies are achieving a remarkable feat: record or near-record production levels while significantly reducing headcounts. This shift marks what industry insiders call the “survival efficiency” phase for Big Oil – a relentless focus on squeezing more barrels out […]
Energy News Beat The Atlantic LNG shipping market has roared back to life, with spot charter rates for modern two-stroke vessels jumping to $98,250 per day as of November 17, 2025 – the highest level since January 2024, according to Spark Commodities assessments cited by Bloomberg. This marks a dramatic 19% single-day increase and a […]
Energy News Beat OPEC Secretary General Haitham Al Ghais has publicly pushed back against what he calls widespread media misrepresentation of the organization’s latest oil market forecast, particularly regarding the outlook for 2026. In a recent interview, Al Ghais accused certain outlets of twisting OPEC’s Monthly Oil Market Report (MOMR) to create a false narrative […]
Energy News Beat As global energy markets grapple with persistent warnings of an impending oil glut in 2025 and 2026, strong demand signals from Asia’s two giants—China and India—are providing critical support to crude prices and challenging oversupply narratives. Despite forecasts from agencies like the International Energy Agency (IEA) projecting surpluses of up to 2-4 […]
