Woodside Warns LNG Glut Fears may be Overstated

Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken at face value, as demand will remain strong and not all planned projects may proceed. “Expectations of a sustained or structurally disruptive oversupply should be considered with caution,” Woodside Acting CEO Liz Westcott told Bloomberg…

https://en.energytoday.ir/woodside-warns-lng-glut-fears-may-be-overstated/

Kuwait Readies $7 Billion Oil Pipeline Deal with Global Investors

State-held Kuwait Petroleum Corporation (KPC) is considering following in the footsteps of its Saudi and Abu Dhabi peers by tapping major international infrastructure investors to buy a stake in its crude oil pipeline network in a deal that could be valued at about $7 billion, sources with knowledge of the plan told Reuters. The Kuwaiti…

https://en.energytoday.ir/kuwait-readies-7-billion-oil-pipeline-deal-with-global-investors/

Oil Tanker Rates Surge to Six-Year High

Supertanker rates to ship crude on the key Middle East-to-China route have surged to a six-year high as Persian Gulf supply to India soars and traders rush shipments to precede a potential U.S. military campaign in Iran, industry data and sources tell Reuters. The daily rate for hiring a very large crude carrier (VLCC) capable…

https://en.energytoday.ir/oil-tanker-rates-surge-to-six-year-high/

Moscow Reroutes Oil to China on Largest Vessels after India Slowdown

The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted Moscow to turn to using a larger fleet of supertankers—vessels capable of carrying 2 million barrels of crude. In recent weeks, several smaller tankers that left Russia’s Western ports transferred their cargoes to supertankers, the…

https://en.energytoday.ir/moscow-reroutes-oil-to-china-on-largest-vessels-after-india-slowdown/

U.S. Crude Stockpile Surge Weighs on Oil Prices

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels in the week prior. Analysts had expected a smaller build of 1.85 million barrels. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week…

https://en.energytoday.ir/u-s-crude-stockpile-surge-weighs-on-oil-prices/

Pipeline Disruption Adds Risk Premium to Russian Crude

Russia’s pipeline operator Transneft has cut crude intake into its system by roughly 250,000 barrels per day after damage at the Kaleykino pumping station in Tatarstan, according to Reuters sources. Kaleykino is a key blending and dispatch hub that can pump about 1 million bpd and feeds crude into the Druzhba pipeline network as well…

https://en.energytoday.ir/pipeline-disruption-adds-risk-premium-to-russian-crude/

$5 Billion Pipeline Deal could be Coming to the Gulf Coast

Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources, the venture capital firm is currently talking with financial advisers to find a buyer. The sources noted that talks are in their early stages and…

https://en.energytoday.ir/5-billion-pipeline-deal-could-be-coming-to-the-gulf-coast/

Russia to Tighten Budget Fiscal Rule as Oil and Gas Revenues Plunge

The Russian government is considering lowering the oil price level above which it sends the proceeds to its wealth fund as the Kremlin’s oil and gas revenues are plummeting with widening discounts and key buyers like India pulling out of the spot market. Under the so-called budget rule, Russia had a baseline price of $60…

https://en.energytoday.ir/russia-to-tighten-budget-fiscal-rule-as-oil-and-gas-revenues-plunge/

Eni’s Oil and Gas Production Jumps 7% with Six New Projects

Eni’s oil and gas production rose by 7% in the fourth quarter from a year earlier as the Italian energy major started up six major new projects in 2025. Fourth-quarter output was 1.84 million barrels of oil equivalent per day (boe/d), up by 5% from the previous quarter, Eni said in its Q4 and full-year…

https://en.energytoday.ir/enis-oil-and-gas-production-jumps-7-with-six-new-projects/

Battery Innovation is the Key to Escaping China’s Supply Chain Dominance

Global battery markets are going gangbusters as demand for new and better battery technologies explodes, driven by the clean energy transition and the proliferation of data centers and artificial intelligence. Batteries provide a critical backup energy source at a time when energy security is under strain at a global level, thanks to the runaway energy…

https://en.energytoday.ir/battery-innovation-is-the-key-to-escaping-chinas-supply-chain-dominance/