YPF submitted a $25 billion Vaca Muerta oil export development under Argentina’s RIGI incentive program as the country pushes to expand shale production and exports.
The U.S. plans to replace every barrel released from the Strategic Petroleum Reserve as the Trump administration works to contain fuel price spikes tied to the Iran conflict.
Diamondback Energy placed an unusual hedge tied to the WTI-Brent spread as concerns grow over a potential U.S. crude export ban during ongoing global supply disruptions.
Angola plans to maintain crude oil production near 1 million barrels per day while expanding refining capacity through major projects at Cabinda and Lobito.
Citgo returned to profit in the first quarter as refinery throughput and crude processing rates climbed to near full utilization across its U.S. refining system.
Saudi Arabia’s crude exports to China are expected to fall to record lows in June as elevated oil prices and ongoing Hormuz disruptions weigh on Asian demand.
Iraq and Pakistan reached separate agreements with Iran to move crude oil and LNG through the Strait of Hormuz as regional energy disruptions continue.
Ludoil agreed to acquire Sicily’s ISAB refinery, a facility representing more than 20% of Italy’s refining capacity, as Europe faces renewed fuel supply concerns.
Enbridge is ramping up construction on its 41-mile Line 5 relocation project in Wisconsin as legal and permitting battles tied to the pipeline continue.
Oil prices climbed more than 3% after President Trump rejected Iran’s latest response to a U.S. proposal, fueling new concerns over Strait of Hormuz supply disruptions.
South Bow has begun U.S. permitting efforts for its Prairie Connector crude pipeline proposal, which would use portions of the canceled Keystone XL system to move more Canadian oil south.
ONEOK said the 440,000-bpd BridgeTex crude pipeline connecting the Permian Basin to the Gulf Coast has returned to service after a temporary outage caused by a leak.
Sentinel Midstream has started construction on its Texas GulfLink deepwater crude export terminal offshore Texas, expanding VLCC loading capacity for U.S. oil exports.
A proposed Canada-U.S. oil pipeline is nearing key shipper commitments needed to advance, signaling growing support for new export capacity from Western Canada.
California is seeking a court injunction to block a federal order restarting Sable Offshore’s oil pipelines, setting up a major legal fight over pipeline authority and regulation.
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