2+ day, 16+ hour ago   (266+ words) Russia’s production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation’s oil assets. The country pumped an average of 8.718 million barrels a day of crude last month, the Organization…...

2+ day, 21+ hour ago   (1031+ words) “The milestone many hoped to avoid has arrived,” Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said in the blog. “The national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous…...

2+ day, 22+ hour ago   (536+ words) Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. Tehran’s leaders are resolved to keep…...

3+ day, 21+ min ago   (950+ words) In a press note sent to Rigzone recently, Wood Mackenzie warned that Europe faces its “weakest” winter gas storage position for nearly two decades. “Approximately 20 percent of global LNG supply has been effectively removed from the market since conflict disrupted…...

3+ day, 3+ hour ago   (728+ words) Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official from the Islamic Republic. Tehran has no intention of backing down in the face…...

4+ day, 22+ hour ago   (459+ words) Saudi Arabia halted several energy facilities in the south, as the Iran-backed Houthi militants claimed fresh strikes on the kingdom. The Yemen-based Houthis said they targeted Saudi Aramco’s facilities in Abha, Najran and Jazan with ballistic missiles and drones, the…...

5+ day, 4+ hour ago   (518+ words) Alexey Miller, chair of Gazprom PJSC's management committee, has assured Russia has enough natural gas stored for the winter including for trading partners. "This year, Gazprom will bring the working gas inventories in the UGS [underground gas storage] facilities to…...

5+ day, 5+ hour ago   (189+ words) Rigzone Chinese crude oil imports strengthened in August, as cargoes from the Persian Gulf crept higher and refiners increased purchases from other sources Undeterred by higher prices, importers shipped in 37.9 million tons last month, 6.2 percent more than in July, according…...

6+ day, 3+ hour ago   (153+ words) Rigzone Iran said a deal with Oman to manage shipping through the Strait of Hormuz is days away The agreement, which the two countries have been negotiating for weeks, is in the final stages and will include details on a…...

1+ week, 1+ day ago   (278+ words) Russia’s oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine. Accounting for about a fifth of Russia’s budget inflows, oil and gas revenues…...