OPEC+ Extends 2.2 Million bpd Voluntary Cuts Through End of 2026 in Bid to Defend Prices

Riyadh and Moscow led an OPEC+ decision to roll voluntary cuts of 2.2 million bpd into late 2026, signaling discipline as US shale and non-O…

Permian Basin Productivity Surge: Record Output Despite Falling Rig Count Stuns Analysts

West Texas operators are pumping more oil with fewer rigs than ever, as longer laterals, AI-driven completions, and consolidation push Permi…

Petrobras Crosses 2.5 Million bpd From Pre-Salt Fields, Cementing Brazil as Top-Five Producer

Brazil's pre-salt complex now delivers more than 2.5 million bpd, a milestone driven by Buzios, Mero, and Tupi that propels Petrobras into t…

NEOM Green Hydrogen Plant Enters Commercial Production, World's Largest Comes Online in Saudi Arabia

The $8.4 billion NEOM Green Hydrogen joint venture has begun commercial output, shipping the first ammonia cargoes to Europe and reshaping t…

US to Overtake Qatar as World's Largest LNG Exporter in 2026 as Plaquemines Reaches Full Capacity

Venture Global's Plaquemines facility brings final trains online, pushing total US liquefaction capacity past 130 bcm and making America the…

EV Demand Growth Slows; Refiners Lift 2026 Gasoline Outlook as Internal Combustion Proves Resilient

US and European refiners are revising gasoline demand forecasts upward as EV sales growth cools, hybrid adoption surges, and the legacy flee…

Latin American Refining Reset: Dos Bocas Ramps Up and Cuba Pushes Refinery Revival

Mexico's Olmeca refinery at Dos Bocas is moving toward full capacity while Cuba seeks Russian and Chinese partners to revive Cienfuegos, sig…

Red Sea Tensions Drive Tanker Freight Costs Up 60% and Force Global Reroute Through Cape of Good Hope

Continued Houthi attacks and naval escalation in the Red Sea have lifted clean and dirty tanker rates by 60%, pushing crude and product flow…