Diesel Margins Top $100 a Barrel to Reach Record High
The margin for making diesel from crude oil in the U.S. has soared to more than $100 a barrel.
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Oil Gains as Refinery Demand Surges
Crude gained as Gulf tensions intensified while US refiners boosted oil consumption.
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3 Chinese Supertankers Abort Hormuz Attempt
Three China-linked supertankers have U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.
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Kino Aski, Marinvest Propose Canadian LNG Project to Supply Europe
'In a period of global energy instability, Kino Aski LNG will establish a reliable, secure, short-distance energy corridor between North America and Europe'.
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Latest Gulf Sale Generates $82MM in High Bids
The DOI announced that the Big Beautiful Gulf 3 lease sale, or BBG3, generated $82.6 million in high bids for 59 blocks in federal waters of the Gulf of America.
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Saudis Give Full Oil Allocations to at Least 3 Europe Buyers
Saudi Aramco has notified at least three European oil refiners that will supply full contractual crude volumes next month.
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Aker BP to Take Over Undeveloped Discoveries from Apache, ConocoPhillips
Aker BP signed separate agreements to acquire operating stakes in the Losgann discovery on the United Kingdom's side of the North Sea and the Slagugle area in the Norwegian Sea.
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Flex LNG Logs Highest Quarterly Revenue in 5 Years
'We are entering an interesting and potentially volatile period for the LNG shipping market, with the balance between continued fleet growth and competition on LNG volumes between Europe and Asia'.
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EIA Lowers Henry Hub Gas Price Forecasts
According to its new STEO, the EIA now sees the Henry Hub spot price averaging $3.44 per million British thermal units in 2026.
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Shell Taps SLB for Production Restarts offshore Brunei
SLB received a contract from Brunei Shell Petroleum to reactivate shut-in wells across multiple offshore fields.