Saudi Arabia’s East-West pipeline had moved 5.8 million barrels of crude as of Tuesday morning, Energy Minister Prince Abdulaziz bin Salman said, adding more oil to the kingdom’s Red Sea export route as Gulf producers continue working around the Strait of Hormuz. The pipeline carries crude across Saudi Arabia to Yanbu on the Red Sea. Riyadh had been moving roughly 4 million barrels per day through the system after the Iran war disrupted normal exports through Hormuz. Drone attacks shut the line in September and halted crude loadings…

Saudi Arabia’s East-West pipeline had moved 5.8 million barrels of crude as of Tuesday morning, Energy Minister Prince Abdulaziz bin Salman said, adding more oil to the kingdom’s Red Sea export route as Gulf producers continue working around the Strait of Hormuz. The pipeline carries crude across Saudi Arabia to Yanbu on the Red Sea. Riyadh had been moving roughly 4 million barrels per day through the system after the Iran war disrupted normal exports through Hormuz. Drone attacks shut the line in September and halted crude loadings…

Brent holds near $100 as recovering Gulf oil flows collide with record freight costs and mounting tanker risks. Asia’s Product Market Loses Its Chinese Safety Valve - China has been at the forefront of this month’s refined product rally after the country’s Ministry of Commerce stopped issuing licenses for refined product exports, prompting several state-owned firms to cancel October-loading cargoes. - With Chinese product exports initially expected to average 750,000 b/d this month, Beijing’s (temporary) export ban has sent…

The climatological peak of the Atlantic hurricane season was in mid-September, and so far, the season has been very quiet as El Niño wind shear breaks apart tropical disturbances in the Atlantic Basin. On Monday morning, the National Hurricane Center gave the tropical disturbance a 70% chance of development over the next seven days, up from 50%. "A tropical disturbance could threaten states along the Gulf Coast next weekend, bringing the potential for strong winds, inland flooding, storm surge, and tornadoes from Louisiana to Florida. Timing,…

For the second time in two weeks, the UK’s National Energy System Operator on Tuesday warned that Britain faces a reduced system margin, with a system margin shortfall of about 1.88 gigawatts (GW) later today.  NESO has issued an Electricity Margin Notice for the afternoon and evening’s peak period between 3 p.m. and 11 p.m. on Tuesday.  “This is a routine and precautionary operational tool, there is no risk to customer electricity supplies and Great Britain’s electricity system remains secure,” the operator…

The top executives of some of the biggest Gulf oil-producing companies called for external investments into new routes to bypass the Strait of Hormuz and create and expand crude and fuel storage capacity outside the region and closer to consumers. “While the Kingdom is capable and confident, and its systems are coping, no country should face this alone,” Saudi Aramco’s CEO Amin Nasser said at the 2026 Energy Intelligence Forum in London this week. “Every attack comes with a global price: weaker energy security, greater market…

The top executives of some of the biggest Gulf oil-producing companies called for external investments into new routes to bypass the Strait of Hormuz and create and expand crude and fuel storage capacity outside the region and closer to consumers. “While the Kingdom is capable and confident, and its systems are coping, no country should face this alone,” Saudi Aramco’s CEO Amin Nasser said at the 2026 Energy Intelligence Forum in London this week. “Every attack comes with a global price: weaker energy security, greater market…

The top executives of some of the biggest Gulf oil-producing companies called for external investments into new routes to bypass the Strait of Hormuz and create and expand crude and fuel storage capacity outside the region and closer to consumers. “While the Kingdom is capable and confident, and its systems are coping, no country should face this alone,” Saudi Aramco’s CEO Amin Nasser said at the 2026 Energy Intelligence Forum in London this week. “Every attack comes with a global price: weaker energy security, greater market…

The world's 50 most valuable mining companies lost $264 billion in market value in September as oil-driven inflation fears pushed bond yields to their highest since 2008 and the Federal Reserve into its first rate hike in three years, dragging gold and the stocks tied to it sharply lower. The group ended the month worth $2.26 trillion, according to MINING.COM's Top 50 ranking, the second-largest monthly decline since the ranking began at the end of 2019, behind only March's $434 billion drop. September erased roughly three-quarters of August's…

The European Union will give energy exporters an extra year to prepare for the EU’s methane regulation as the bloc looks to avoid adding costs to energy supply in the second crisis in four years, European Commission President Ursula von der Leyen told the European Parliament on Tuesday.  “We will give flexibility to exporters for one more year on methane. This saves additional costs at a moment of crisis,” von der Leyen said in a speech to European lawmakers on how the EU plans to curb soaring energy costs that could surge…

Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal. Standard Chartered estimates crude and condensate exports from the Gulf, excluding Iran and including bypass routes such as Fujairah and the Red Sea, reached roughly 16.5 million barrels per day (bpd) in September, broadly back to pre-war volumes. But only 60% of those barrels crossed the Strait of Hormuz, compared with 83% before the war. Standard Chartered…

The European Union’s so-called methane rule is scheduled to enter into effect in January. The rule is massively unpopular among large energy exporters, and these exporters have a lot more options in terms of buyers than the EU has in terms of suppliers. It would have to either axe the rule or face a further squeeze in oil and gas. Some in Brussels are aware of that, with Energy Commissioner Dan Jorgensen last week telling media that a delay was being considered for the implementation of the methane regulation in order to ensure sufficient…

Crude oil prices and middle distillate cracks slumped at the end of last week as the G7 group of nations announced the release of 100 million barrels of oil stocks over four months, including a front-loaded substantial diesel release within the first 20 days by G7 members and partners. The market welcomed the release announcement with lower oil prices. Gasoline and diesel prices in the United States have also dropped in the past few days, as the U.S. crude oil benchmark, WTI, slumped to about $90 per barrel and some states introduced a motor fuel…

Singapore is in an energy pickle. The island nation is still reeling from high oil and gas prices driven by the war in Iran, and is scrambling to build up alternative and indigenous energy sources. The problem is that there’s almost nowhere to build it. As the second-most densely populated country in the world (after Monaco), Singapore has an enormous need for energy and problematically scarce land parcels on which to develop it. Because of these parameters, Singapore needs to look toward the most energy-dense energy production options, leading…

Electric aviation is advancing faster than many critics expected. Batteries will not remain confined to tiny experimental aircraft, and short regional routes are a credible early market. But electric aircraft will not replace every jet. Long-haul aviation requires enormous energy at very low weight. Even with better batteries and airframes, liquid fuels will retain a large role for decades. The question is therefore which sustainable aviation fuels can reach scale at a price airlines can eventually afford. Germany has now designed a €2-billion…

Southeast Asia's upstream merger and acquisition (M&A) conversation has moved from which international oil companies (IOCs) are leaving to who is buying their way in. Research from Rystad Energy shows a competitive cycle ahead, with $9.6 billion in upstream assets on offer for the remainder of this year and 2027, as the region's deal market shifts from non-core exits to strategic entry. Assets worth around $6.7 billion changed hands under this new intent in 2025, a departure from 2020-2024, which was dominated by majors trimming late-life positions…

Freeport LNG was ramping natural gas intake back toward normal levels on Monday after maintenance shut one of its three liquefaction trains on Friday, putting a major source of U.S. natural gas demand on track to return to normal levels. Gas flows to the Texas LNG export plant were on track to reach 1.9 billion cubic feet per day on Monday, according to Reuters, citing LSEG data. That compares with an average of 1.2 bcfd from Friday through Sunday and matches the plant’s average intake during the week before the shutdown. Freeport told Texas…

Freeport LNG was ramping natural gas intake back toward normal levels on Monday after maintenance shut one of its three liquefaction trains on Friday, putting a major source of U.S. natural gas demand on track to return to normal levels. Gas flows to the Texas LNG export plant were on track to reach 1.9 billion cubic feet per day on Monday, according to Reuters, citing LSEG data. That compares with an average of 1.2 bcfd from Friday through Sunday and matches the plant’s average intake during the week before the shutdown. Freeport told Texas…

Freeport LNG was ramping natural gas intake back toward normal levels on Monday after maintenance shut one of its three liquefaction trains on Friday, putting a major source of U.S. natural gas demand on track to return to normal levels. Gas flows to the Texas LNG export plant were on track to reach 1.9 billion cubic feet per day on Monday, according to Reuters, citing LSEG data. That compares with an average of 1.2 bcfd from Friday through Sunday and matches the plant’s average intake during the week before the shutdown. Freeport told Texas…

Southeast Asia's upstream merger and acquisition (M&A) conversation has moved from which international oil companies (IOCs) are leaving to who is buying their way in. Research from Rystad Energy shows a competitive cycle ahead, with $9.6 billion in upstream assets on offer for the remainder of this year and 2027, as the region's deal market shifts from non-core exits to strategic entry. Assets worth around $6.7 billion changed hands under this new intent in 2025, a departure from 2020-2024, which was dominated by majors trimming late-life positions…