Wednesday, April 01, 2026
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Vitol on Wednesday celebrated its 60th anniversary by announcing an increase in product deliveries. An expanding portfolio for crude oil, natural gas and other products is valued at more than $13 billion.
U.S. shale drillers are taking a wait-and-see approach to the war premium lifting crude oil.
While providing few specifics, Alberta's government said it could double crude oil production.
The Trump administration reimbursed the French supermajor for payments made to secure the rights to develop offshore windfarms. Instead, the company will focus on fossil fuels.
Voiced by award-winning actor Billy Bob Thornton, Venture Global launched its first-ever U.S. ad campaign. The company said it's evolving to become one of the largest LNG exporters in the world.
The latest auction for drilling rights in far north Alaska set a record and marked the first new lease since 2019. State forecasts suggest oil production could top 600,000 BBL/d by the 2030s.
BP locked out union members at its refinery in Whiting, Indiana, on Thursday. That could add to problems at the pump stemming from war raging in the Middle East.
The amount of feed gas supporting LNG export volumes is high in the U.S., the largest exporter in the world. An Israeli strike on a Middle East gas field showcases the fragility of the global sector, however.
The U.S. Treasury Department on Wednesday made it easier for companies to do business in the Venezuelan energy sector. Meanwhile, part of a refinery idled since 2022 is coming back to life.
Looking to expand non-U.S. exports, the Canadian government said it expected more of its natural gas to be converted to LNG. The outlook for crude oil, however, is uncertain.
The federal government is moving forward with several fossil-fuel related projects in California. The state's governor, however, said the Trump administration is looking for cover from the fallout from the war in the Middle East.
TotalEnergies downplayed the impact of the war on its operations in the Middle East, though it remains active in the region.
The federal government sanctioned a 13% increase in feed gas to support exports from the Plaquemines LNG facility in Louisiana. Alaskan developers still need offtake agreements before making investment decisions.
A brush of cold winter weather for North America saw the U.S. market taking in more natural gas from Canada. Canada, meanwhile, is building up its LNG export potential on the western coast.
Venezuelan crude oil production hasn't improved much since its president was captured in January.
Moving to the commissioning phase just last month, Golden Pass LNG saw feed gas volumes reach a new high on Wednesday. Meanwhile, global volumes are down because of the war in the Middle East.
Backers of a proposed U.S. refinery say it would be designed to process U.S. shale oil.
U.S. natural gas markets are shielded from the conflict in the Middle East, with domestic prices up only 5.8% since fighting began last week. It's a different story entirely in Europe.
Vancouver said it saw a record number of cargo ships sending various goods across the globe last year. Amid tariff disputes, Canada is working to double the amount of non-U.S. trade.
Swiss commodity trader Trafigura said it secured more than 80,000 tons of battery-grade lithium carbonate in a 10-year deal with U.S. domestic producer Smackover Lithium.
