The European Union is putting its energy security at risk by attempting to regulate every single molecule of energy products it will import in 2027, the year in which the EU will ban Russian natural gas. In its net-zero push and targets to slash emissions, the EU in recent years has adopted a series of legislative measures to address the energy sustainability issue. But in doing so, it is undermining what’s become the most important energy issue, that of security, in the aftermath of the Russian invasion of Ukraine and the realization that…

To identify the regions generating the most cash for majors, we forecast the group’s top five projects by cumulative free cash flow for the period 2025 to 2030. Two standout regions are the Permian shale play, which dominates the US majors' portfolios, and the Caspian region, where all majors have maintained their presence despite portfolio streamlining Chevron’s projected $28 billion in free cash flow from Kazakhstan’s Tengiz field underscores the region's value to its portfolio. ExxonMobil's $14 billion in revenue from Tengiz…

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and inventories recover. The revision, detailed in the group’s Monthly Oil Market Report, triggered a new round of selling, with Brent futures down 3.67% to $62.77 a barrel and WTI off 4.1% at $58.55 by 1:11 p.m. ET. OPEC’s analysis points to faster supply growth from the United States, Brazil, and Guyana, projecting non-OPEC liquids output to increase by about…

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and inventories recover. The revision, detailed in the group’s Monthly Oil Market Report, triggered a new round of selling, with Brent futures down 3.67% to $62.77 a barrel and WTI off 4.1% at $58.55 by 1:11 p.m. ET. OPEC’s analysis points to faster supply growth from the United States, Brazil, and Guyana, projecting non-OPEC liquids output to increase by about…

In a surprise development, Argentina’s unconventional oil production hit a new all-time high for September 2025. This occurred despite overall monthly production falling marginally when compared to the prior period and shale gas output plummeting to a multi-month low. It is the prolific Vaca Muerta shale that is driving Argentina’s rapidly rising oil and natural gas production. The 8.6-million-acre formation is proving to be a boon to Buenos Aires and could very well be the long-awaited silver bullet needed to fix Argentina’s…

China will aim to use more renewable energy such as green hydrogen and green ammonia to avoid curtailments of solar and wind power whose soaring capacity sometimes boosts clean power generation beyond the limits of the grids.  China will promote and support the use of renewable energy beyond the electricity generation sector over the next five years, the National Energy Administration (NEA) said on Wednesday in a new plan on integrating renewable energy in the economy to 2030.  Green hydrogen and green ammonia are produced using renewable…

China will aim to use more renewable energy such as green hydrogen and green ammonia to avoid curtailments of solar and wind power whose soaring capacity sometimes boosts clean power generation beyond the limits of the grids.  China will promote and support the use of renewable energy beyond the electricity generation sector over the next five years, the National Energy Administration (NEA) said on Wednesday in a new plan on integrating renewable energy in the economy to 2030.  Green hydrogen and green ammonia are produced using renewable…

China will aim to use more renewable energy such as green hydrogen and green ammonia to avoid curtailments of solar and wind power whose soaring capacity sometimes boosts clean power generation beyond the limits of the grids.  China will promote and support the use of renewable energy beyond the electricity generation sector over the next five years, the National Energy Administration (NEA) said on Wednesday in a new plan on integrating renewable energy in the economy to 2030.  Green hydrogen and green ammonia are produced using renewable…

US strikes on three Iranian nuclear sites in June slowed down the nuclear program, likely buried Iran’s stockpile of highly enriched uranium, and effectively paused enrichment activities. The attacks prompted Iran to reevaluate its nuclear strategy, and after declaring the end of international oversight of its nuclear program due to the expiry of the 2015 nuclear deal in October, Tehran -- which maintains it has never and will not seek to weaponize its nuclear program -- now operates with strategic opacity. Recent satellite images analyzed…

Despite the challenging geopolitical landscape, Turkey's energy strategy remains resilient, with no immediate plans to pivot away from Russian crudes. US and European sanctions on Russian oil and gas are really starting to bite. The media, however, is presenting a much rosier picture than the facts on the ground show. As one of the leading outlets for Russian crude, Turkey, a NATO member, currently in discussion on membership of the EU, shows a much darker picture when talking about its perceived pivot away from Moscow’s crude than facts…

Oil prices tumbled on Tuesday, with Brent down 2.46% at $63.56 a barrel at 9:54 a.m. ET, and West Texas Intermediate (WTI) slid 2.64% to $59.43, as traders reacted to fresh signals of easing supply pressure and waning demand momentum through early 2026. The drop came after OPEC revised its projections to show a “balanced” market next year, moving further from the deficit forecast it held earlier this fall. The update suggests that additional OPEC+ production and resilient non-OPEC output could offset modest demand growth, erasing near-term…

Oil prices tumbled on Tuesday, with Brent down 2.46% at $63.56 a barrel at 9:54 a.m. ET, and West Texas Intermediate (WTI) slid 2.64% to $59.43, as traders reacted to fresh signals of easing supply pressure and waning demand momentum through early 2026. The drop came after OPEC revised its projections to show a “balanced” market next year, moving further from the deficit forecast it held earlier this fall. The update suggests that additional OPEC+ production and resilient non-OPEC output could offset modest demand growth, erasing near-term…

Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.    Chevron will raise output, but its primary focus will be on boosting free cash flow and earnings per share via deeper cost cuts, synergies from the Hess acquisition, and reduced capital expenditure (capex).   “Chevron expects to maintain capital and cost discipline while investing to…

Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S. supermajor’s five-year plan to 2030 showed on Wednesday.    Chevron will raise output, but its primary focus will be on boosting free cash flow and earnings per share via deeper cost cuts, synergies from the Hess acquisition, and reduced capital expenditure (capex).   “Chevron expects to maintain capital and cost discipline while investing to…

Aluminum prices in the U.S. climbed to new record highs on Monday as domestic inventories tightened sharply, driven by the Trump administration’s steel and aluminum tariffs designed to bolster and revitalize America’s industrial base. According to Bloomberg, the all-in U.S. aluminum price, combining the London Metal Exchange (LME) benchmark and the U.S. Midwest delivery premium, hit a record high of $4,816 per ton, nearly double the level from the December 2023 lows. The U.S. remains heavily dependent on foreign aluminum imports, lacking…

Baker Hughes (NYSE:BKR) has taken a decisive role in reviving one of America’s most ambitious energy projects. The Houston-based oilfield services firm has signed definitive agreements with Glenfarne Alaska LNG LLC, a subsidiary of Glenfarne Energy Transition, to supply power generation equipment and main refrigerant compressors for the long-delayed Alaska LNG Project. The partnership positions Baker Hughes as both technology provider and investor in the $44 billion development, one of the largest single energy infrastructure undertakings…

The highly focused development of the U.S.’s shale oil and gas sectors from the early 2010s transformed it from one of the world’s biggest importers of both into one of its leading exporters of both. But it did much more than this: it reversed the balance of energy power in the world from where it had been left at the end of the 1973 Oil Crisis. As forecasts for the demand for gas continue to surge on fears of further global conflicts and on the dramatic expansion of data centres around the globe, the Middle East is looking to expand…

From indispensable bridge fuel to dirtier than coal, natural gas has gone through a few turbulent years recently, culminating in the EU’s risky legislation that could see it left out in the cold and dark, and investors’ newfound—or newly remembered—appetite for investments in gas. In the final year of his term, President Biden imposed a moratorium on new LNG export capacity, based on a study by a researcher who claimed that LNG production resulted in more emissions than burning coal. This was perhaps meant to drive investors…

The pariah of fossil fuels has been given pride of place in the Trump administration’s ambitions for a more secure supply of critical minerals. Last week, the Interior Department added 10 minerals to a list it deems essential for the US economy and national security. Along with metallurgical coal used in steelmaking, the list includes copper, silver, boron, lead, phosphate, potash, rhenium and silicon. As reported by Reuters, The list serves as a blueprint for Washington's push to secure supplies of materials needed for defense, manufacturing,…

Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev are meeting in Moscow this week to discuss gas cooperation and the impact of U.S. sanctions on Russian oil majors with operations in Kazakhstan. The talks come as the Kremlin faces tighter restrictions on Lukoil and Rosneft, both sanctioned last month by the Trump administration. Lukoil holds stakes in Kazakhstan’s Tengiz and Karachaganak projects, which are operated by Western majors and remain dependent on the Caspian Pipeline Consortium (CPC) for exports. The CPC—controlled…