Oil

Algeria will begin construction of the long-planned Trans-Saharan Gas Pipeline through Niger after Ramadan, with Sonatrach leading development of the cross-border gas corridor.

Japan will finance a major Texas deepwater crude export terminal and what officials call the largest natural gas-fired power plant in history, marking the first projects under a $36 billion U.S. investment package.

Hungary’s MOL has secured tanker shipments from multiple suppliers and increased crude imports via the Adriatic pipeline as the Druzhba pipeline outage continues to disrupt refinery operations in Hungary and Slovakia.

Kitsault Energy has proposed a dual crude oil and natural gas pipeline corridor from Dawson Creek to Observatory Inlet, targeting a new West Coast export terminal in British Columbia.

Valero is preparing to import up to 6.5 million barrels of Venezuelan crude in March, signaling a significant shift in Gulf Coast heavy crude supply as U.S. authorizations expand.

President Donald Trump criticized a new clean energy agreement between California and the United Kingdom, escalating tensions as federal officials weigh expanded offshore oil and gas leasing along the state’s coast.

BB Energy has loaded a 600,000-barrel DAR Blend cargo from South Sudan following months of legal action tied to $142 million in prepaid crude shipments, signaling progress toward a broader settlement.

Venezuela’s PDVSA has restricted crude sales to companies holding individual U.S. licenses, complicating exports and leaving broader sanctions relief slower to translate into new trade flows as banks and buyers seek clearer guidance.

Gibson Energy is acquiring Teine Energy’s Chauvin pipeline assets for $296 million, expanding its Hardisty crude network and sanctioning a new connection project as it advances Alberta infrastructure growth.

Venezuela’s oil output could climb back above 1 million bpd by mid-2026 as U.S. license expansions allow more crude exports and ease sanctions pressure, according to the EIA.

Egypt is pressing international oil companies to sharply increase gas production by 2030, signaling potential contract revisions as domestic prices lag imported supply costs and pipeline flows into the country rise.

DNO is weighing whether to join an agreement that would reopen pipeline exports of Kurdistan crude to Turkey, a move that could lift realized prices after years of local sales following a prolonged shutdown.

A single Pemex contract is now at the center of a fast-changing Cuba supply picture—just as Washington signals possible penalties and Mexico tightens its export posture.

Phillips 66 posted a fourth-quarter profit beat as U.S. refining margins rebounded from multi-year lows, lifting earnings after a challenging year for refiners.

The U.S. Transportation Department has approved Sentinel Midstream’s Texas GulfLink deepwater oil export port off the Texas coast, clearing the way for expanded crude exports using fully loaded supertankers.