Focus on Oil
BP nears deals for oil fields, curbs on gas flaring in Iraq
The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.
Colonial Pipeline shuts main gasoline artery after potential gasoline spill
Colonial Pipeline shuts main gasoline line after potential leak in Georgia; traders expect service to resume tonight.
Risks from unregulated tanker fleet rising, UN shipping chief says
UN shipping chief warns shadow fleet poses rising risks to environment, seafarers amid sanctions on Russia, Iran, Venezuela.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...
Analysis: Russia’s Arctic oil feels the chill from US sanctions
US sanctions disrupt Russia's Arctic oil, stranding supplies and impacting global markets.
Peru’s niche Bretaña crude oil gains popularity in US
The U.S. Gulf Coast receives its first Bretaña oil cargo this month as refiners seek alternatives to declining Mexican heavy crude.
Oil shipping rates surge after US sanctions hit availability
Supertanker freight rates soared after U.S. sanctions on Russia, prompting traders to rush to book vessels from elsewhere.
Future of Russian gas looking bleak as Ukraine turns off taps and Europe eyes ending all imports
Will the EU shun Russian gas by 2027, or could peace spark a U-turn, reshaping Russia’s gas export strategy?
