Canada’s LNG expansion strategy gained momentum as Prime Minister Mark Carney placed Shell’s LNG Canada project on the national priority list, fast-tracking approvals for a potential doubling of export capacity. SourceContinue Reading
Toyota’s UK profit has almost been wiped out as the carmaker battled a decline in market share and compliance with the ZEV [Zero Emission Vehicle] mandate. The Surrey-headquartered division has posted a pre-tax profit of £462,000 for the 12 months to 31 March, 2025, down from the £11.5m it achieved in the prior year. New...Continue Reading
China’s Oil Buying Spree Won’t Stop Coming Glut | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Sep 12, 2025, 10:30 AM CDT China is set to continue its crude stockpiling throughout next year, but even the buying spree from the...Continue Reading
Brent Hits $67 After Primorsk Strike | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Sep 12, 2025, 10:15 AM CDT Oil prices jumped as Washington is now pushing for secondary sanctions on India and...Continue Reading
Japan Cuts Price Cap on Russian Oil to $47.60 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Sep 12, 2025, 9:30 AM CDT Japan joins the EU in cutting the price cap on purchases of Russian oil to $47.60 per...Continue Reading
Oil traders got whiplash today. Prices sank in early trading on oversupply jitters, only to rip higher by late morning as Russia once again stole the show. WTI was last at $63.79, up 2.28%, with Brent climbing 2.40% to $67.96. Natural gas was quieter, nudging up 0.27%. The surge came hours after a very different...Continue Reading
IEA Slashes Clean Hydrogen Production Forecast | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Sep 12, 2025, 8:00 AM CDT Rising costs and uncertain regulatory and demand picture have made...Continue Reading
By Editorial Dept – Sep 12, 2025, 8:00 AM CDT The expectation, going back to late 2019, was that the Turkey-Libya maritime MoU would eventually be locked in as Libyan law. Tripoli’s Government of National Accord signed it under Turkish protection, and the assumption was that the House of Representatives would, sooner or later, ratify...Continue Reading
Israel’s Qatar Strike Upends Gulf Assumptions on Sovereignty | OilPrice.com Premium Content By Editorial Dept – Sep 12, 2025, 8:00 AM CDT Politics, Geopolitics & Conflict An Israeli strike on Hamas targets in Doha, Qatar, this week, resounded rather loudly. Several Hamas members were killed in the strike during a meeting on a ceasefire proposal....Continue Reading
Bearish Pressure Builds in Oil Markets as Supply Rises and Demand Weakens | OilPrice.com Premium Content By Editorial Dept – Sep 12, 2025, 8:00 AM CDT As of Thursday’s close, light crude oil futures are trading slightly higher for the week at $62.27, up $0.40 or +0.65%. Despite the modest gain, market sentiment remains fragile...Continue Reading
