Australia’s Beetaloo Shale Basin Is About to Start Pumping Gas
Australia’s huge Beetaloo shale play is nearing first commercial gas as producers test whether it can become a major domestic and LNG supply source.
Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount
Oil prices are heading for a second consecutive weekly gain as escalating U.S. pressure on Iran and continuing supply risks strengthen the bullish case for crud
Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs
Washington is tightening the screws on Iran and loosening the rules on gasoline at the same time as Americans are paying more than $4 a gallon.
China Is Squeezing India Out of Russia’s Oil Trade
China is buying more Russian oil to replace missing Iranian barrels. The problem for India is that some of those Russian barrels used to be its barrels.
Continental Resources Expands Permian Footprint
The privately held oil producer has agreed to acquire FireBird Energy II, adding roughly 54,000 net acres in the Midland Basin along with 32,000 barrels of oil
Tajikistan Turns to Iran for Oil as Russian Fuel Supply Collapses
Tajikistan asked Iran to supply 2.55 million tons of oil and fuel as Russia's export ban and refinery strikes choke off its main fuel source.
Coal India Ventures into Critical Minerals Trading
Coal India has applied to open a Singapore trading hub for critical minerals and iron ore, its first office outside India, Reuters reports.
Coking Coal Prices Surge 25%, Squeezing India’s Steelmakers
A 25% jump in coking coal prices this year is squeezing Indian steelmakers' margins and delaying capacity expansion plans.
ADNOC Issues Ninth Spot Crude Tender Since June as UAE Boosts Exports
ADNOC issues its ninth spot crude tender since June, offering Upper Zakum, Umm Lulu and Das grades as UAE exports hit record highs.
Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists
Brent crude topped $93 a barrel Thursday as Trump threatened Iran with sweeping new sanctions and diesel cracks hit record highs.