News

1. Dangote Plans to List Africa's Biggest Oil Refinery by Next Year

   Aliko Dangote, Africa's richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year.

2. Russian Fuel Flows Decline to Lowest in 8 Months on Baltic Slump

   Russian seaborne oil flows are closely watched by the market to assess its production since official data has been classified.

3. Oil Steady as OPEC+ Weighs Output Hike

   WTI held above $65 as OPEC+ considered further production increases for August.

4. Equinor, Shell Unveil Name of UK North Sea JV

   The incorporated JV, touted as the UK's biggest independent producer, is expected to launch by yearend.

5. Oil Tanker Rates Collapse as Conflict in Middle East Abates

   The cost of shipping Middle East crude to customers in Asia collapsed on Thursday.

6. Analyst Highlights Natural Gas Contract 'Implosion'

   Eli Rubin, an energy analyst at EBW Analytics Group, highlighted an 'implosion over the past week' in the July natural gas contract.

7. European Council, Parliament Reach Deal on Gas Storage Rule Extension

   The European Council and Parliament reached a provisional deal on a proposal by to extend a regulation requiring that natural gas storage facilities be at least 90 percent full before the winter season.

8. Thailand's PTT Signs Cooperation Agreement with Glenfarne Alaska LNG

   The agreement includes the potential procurement of 2 million metric tons per annum (mtpa) of LNG from Alaska LNG over a 20-year term.

9. EIA Fuel Update Shows Increasing USA Gasoline Price

   In its latest gasoline fuel update, the U.S. Energy Information Administration showed an increasing price trend for U.S. regular gasoline.

10. Petrovietnam, JV Partners Sign PSC for Vietnam Block

    When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market.

11. Chevron Field in Israel Allowed to Resume Production

    Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.

12. USA Crude Oil Inventories Drop by Almost 6 Million Barrels WoW

    Crude oil stocks, not including the SPR, stood at 415.1 million barrels on June 20, the EIA's latest weekly petroleum status report showed.

13. Equinor Files Development Plan for Fram South in Norwegian North Sea

    Fram South, with estimated recoverable volumes of 116 million barrels of oil equivalent, will unlock new gas for Europe.

14. MedcoEnergi to Acquire Stake in Corridor PSC in South Sumatra

    MedcoEnergi has agreed to acquire Fortuna International (Barbados), which holds an indirect 24 percent stake in the Corridor PSC, from Repsol.

15. UAE Oil Partners Face Trading Losses after Surprise Supply Cut

    An unexpected move by the UAE to cut volumes of a key oil grade sold to project partners including BP and TotalEnergies is set to put a dent in some trading books.

16. USA Allows Ethane Cargoes to Sail to China But Not Discharge

    The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics.

17. WTI Edges Up as OPEC+ Meeting Looms

    Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus.

18. Carlyle, Diversified Energy to Jointly Invest Up To $2B in US PDP Assets

    Diversified Energy and Carlyle formed a partnership to invest up to $2 billion in proven developed producing natural gas and oil assets across the U.S.

19. Duke Energy Gets Emergency Authorization to Respond to Southeast Heat Wave

    The DOE authorized Duke Energy Carolina to operate specific electric generating units within the company's area at maximum generation output levels.

20. BOEM Proposes Lease Sale in Gulf

    The Bureau of Ocean Energy Management announced 'the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America'.