Venezuelan Oil Exports to the U.S. Surge in 2026
The United States significantly increased its imports of Venezuelan crude oil in 2026, reaching an average of 701,000 barrels per day in July, the...
UAE Considers Third Oil Pipeline to Bypass Strait of Hormuz
The United Arab Emirates is considering a third crude oil export pipeline to reduce its dependence on the Strait of Hormuz, according to Bloomberg....
U.S. Refineries Shift Production Toward Diesel and Jet Fuel
The U.S. Energy Information Administration (EIA) reports that U.S. refineries have shifted production away from gasoline toward diesel fuel and jet fuel in 2026,...
Global Refining Capacity Faces Major Structural Shift by 2032
Wood Mackenzie estimates that approximately 20% of the world's existing oil refining capacity faces an increasing risk of closure as global refined product demand...
Qatar Strengthens Global Gas Position Through US LNG Deals
QatarEnergy is expected to become the world's largest buyer of U.S. liquefied natural gas (LNG) by 2033, securing access to approximately 23.7 million tonnes...
