Latest European Fuel & Oil News
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China’s Oil Buying Pause Won’t Last Forever
China has been cited as an example of a country that has managed to insulate itself relatively well against oil crises. With over a billion barrels in estimated inventories before the war in the Middle East started, Chin
Read full article →America’s LNG Boom Is Real — But China Is Planning Beyond It
The Iran war has handed the United States a rare opportunity: a new dawn of energy dominance in an increasingly fractured world. With coordinated US-Israeli strikes disrupting the Strait of Hormuz from late February, rou
Read full article →Cuba Bets on Solar Power as Energy Crisis Deepens
Cuba has been experiencing a worsening energy crisis for several years, which previously led it to rely heavily on Venezuela for its fuel. Following the United States’ intervention in Venezuela in February, the energy cr
Read full article →Russia Signs Military Cooperation Deal With Afghanistan’s Taliban Government
Russia and Afghanistan’s Taliban government have signed a military agreement, in a move that signals deepening cooperation between the sides, experts said. The deal was signed on May 27 by Sergei Shoigu, secretary of Rus
Read full article →Morocco Is Emerging as a Renewable Energy Superpower
Morocco is rapidly becoming a renewable energy powerhouse thanks to its favourable weather conditions and proximity to Europe. The North African country has rapidly developed its solar energy sector and is now looking to
Read full article →How a Regional Gulf Coast Port Became America's Crude Oil Export Capital
Three decades ago, I had just graduated from Texas A&M University and taken my first job as a chemical engineer in Corpus Christi, Texas. At the time, few people would have expected that this Gulf Coast city would one da
Read full article →Colombia’s Oil Industry Faces a Defining Election in 2026
Colombia’s rapidly approaching 2026 presidential election is generating considerable concern about the economy, notably the country’s oil industry. Gustavo Petro, a former guerrilla who won the 2022 election to become Co
Read full article →Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given already-elevated baseline inflation. Speaking at a conference i
Read full article →US Drillers Add More Rigs In Response to Higher Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 562, down just 1 from
Read full article →Chevron CEO: Multiple Ships Attacked In Strait of Hormuz
Multiple vessels transiting the Strait of Hormuz have suffered attacks this week, Chevron Corp. (NYSE:CVX) Chief Executive Officer Mike Wirth revealed in an interview on Bloomberg TV on Friday. According to Wirth, these
Read full article →Secretive Azerbaijan Deal Raises Energy Security Concerns in Georgia
Recently signed deals between Georgia and Azerbaijan are raising fresh questions about Tbilisi’s strategic direction and energy security. The deals flowed out of a May 18 meeting in Baku between Georgian Dream Prime Mini
Read full article →Oil Prices Suffer Biggest Weekly Collapse in Two Months
Brent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. ICE Brent is set to post its largest weekly loss in two month
Read full article →Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade
The Philippines has received its first cargo of Iranian crude, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel capable of carrying up to 1 million barrels of crude that de
Read full article →India's Central Bank Warns Oil Shock Threatens Growth
India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of Ind
Read full article →Supermajor Warns Oil Prices Could Hit $160 Within Weeks
Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become
Read full article →Oil futures fall amid reports of potential US-Iran ceasefire extension
Oil prices declined approximately 2% on 29 May as reports emerged that the US and Iran may have reached an agreement on a potential ceasefire extension.
Read full article →First firing completed at hydrogen-ready Thurrock Power plant
Statera Energy’s 450 MW Thurrock Power plant has completed first engine firing, ahead of a planned autumn 2026 start-up.
Read full article →The US/Israel-Iran conflict has fundamentally changed oil supply chains
The strait's closure has exposed insecurities in global oil supplies, crippling Gulf exporters, as well as importers across the globe.
Read full article →SLB, Vår Energi to enhance digital field planning on NCS
SLB and Vår Energi have expanded their collaboration, aimed at enhancing well and field development planning on the Norwegian Continental Shelf (NCS).
Read full article →Equinor picks DeepOcean for multi-field subsea projects on NCS
Equinor has awarded a new subsea contract package to DeepOcean for projects spanning multiple fields on the Norwegian Continental Shelf (NCS).
Read full article →Cheniere awards EPC contract to Bechtel for SPL Expansion Phase 1
Cheniere Energy Partners’ subsidiary, Sabine Pass Liquefaction Stage V (SPLV), has signed a lump sum, turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy, for Phase 1 of the SPL Expansion
Read full article →Afentra to operate KON4 block in Angola’s Kwanza basin
Afentra has been awarded a 35% operated interest in the KON4 block, located in onshore Angola, following formal approval of the RSC.
Read full article →Impact Oil & Gas to split Namibia and South Africa portfolios
UK-based Impact Oil & Gas agreed to a corporate restructure that will split its Namibian and South African interests into separate entities.
Read full article →Baker Hughes secures expanded Santos Basin contract
Baker Hughes secured a contract extension from Petrobras to provide integrated well construction solutions in Santos Basin, offshore Brazil.
Read full article →New episode: Glut or shortage – what lies ahead for LNG?
This week’s episode looks at LNG supply and demand dynamics and asks whether the sector is on track for future shortages, or a glut.
Read full article →Weekly Fuel Security Briefing
Every Thursday: reserve status changes, price movements, and supply-risk signals across all 27 EU countries — in one concise email.
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