South Korea is urging Gulf nations to ensure stable oil and LNG supply and protect vessels near the Strait of Hormuz as shipping disruptions escalate.
Drone attacks have knocked out roughly 40% of storage capacity at Russia’s Primorsk oil terminal, raising concerns over export logistics and supply disruptions.
Regulators have launched a public comment period for a proposed 647-mile crude oil pipeline linking Montana and Wyoming, a major project aimed at moving Canadian crude to U.S. markets.
President Trump said the U.S. could reopen the Strait of Hormuz with more time, as global markets react to disruptions in a key oil and LNG shipping route.
Oil prices surged sharply as escalating conflict with Iran raised fears of prolonged supply disruptions and delays in reopening the Strait of Hormuz.
Enbridge has begun construction on its Line 5 reroute in northern Wisconsin, advancing the project despite ongoing legal challenges and environmental concerns.
The U.S. will loan up to 10 million barrels of crude from its Bryan Mound SPR site as part of a broader global effort to ease supply pressures tied to geopolitical disruptions.
Higher oil prices could accelerate Permian production growth, quickly tightening pipeline capacity and increasing the need for new takeaway expansions.
An oil tanker attack in the Gulf has escalated tensions, with President Trump threatening to “obliterate” Iran’s energy infrastructure if disruptions continue.
Iraq has begun exporting fuel oil overland via Syria, marking a major shift in logistics as regional disruptions limit traditional shipping routes.
Disruptions in the Strait of Hormuz are threatening global oil and LNG supply, raising the risk of a prolonged market shock and infrastructure damage.
Saudi Arabia’s East-West pipeline is operating at full capacity, rerouting oil exports away from the Strait of Hormuz amid ongoing regional disruptions.
West African crude flows are slowing as sellers hold cargoes amid the Strait of Hormuz closure, tightening global oil markets and reshaping trade flows.
Canada’s Trans Mountain pipeline is nearing full capacity as global supply disruptions drive stronger demand for crude exports to Asia.
Occidental CEO Vicki Hollub is preparing to step down after leading the company through major Permian Basin expansion, sources say.
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