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U.S. and Russian teams have discussed a sweeping slate of potential energy and commercial deals, including Russian diesel sales, Lukoil's overseas assets and a possible revival of Nord Stream gas flows to Europe, two U.S. officials informed about the talks told
On October 26, U.S. Department of State and Naftogaz signed a Memorandum of Understanding to expand cooperation, opening new opportunities for U.S. companies in Ukraine's oil and gas sector
Sky News Arabia sources: Iraqi Prime Minister to visit Damascus tomorrow, leading a government delegation. Oil lines and Syrian-Iraqi border security are key issues in ongoing talks
Iranian President Masoud Pezeshkian at the Moscow Gas Exporting Countries Forum: The eighth summit is taking place amidst geopolitical circumstances and transformations that pose unprecedented challenges to energy security.
Konotop in Ukraine's Sumy region has been without electricity for four days following Russian strikes, while much of the city is also without gas. Educational institutions have been damaged, the hospital is operating on generators, and water is being supplied according to a schedule
US forces in the Middle East are prepared to launch new, potentially major, military operations against Iran "within 96 hours of receiving" an order from President Donald Trump, according to two US officials
UKMTO has received a verified time-late report of an incident in the Strait of Hormuz. A tanker transiting outbound was struck by an unknown projectile, disabling the vessel. The crew have been reported safe. There is no damage assessment or environmental impact report at present. Vessels are advised to transit with caution and report any suspicious activity to UKMTO,
whilst authorities investigate
Houthis have just announced that the EAST WEST PIPELINE has been struck. This is would be now at least the SECOND time that the EW has been struck in the past month, with the previous targeting causing immense issues for Saudi Arabia that they have only recently repaired. According to Houthis, "multiple pumping stations" were struck
Lecornu: The decree authorizing the release of 10 million barrels of gas oil has just been issued. These stocks will be placed on the market at their acquisition price, nearly four times lower than the current market price. They will thus enable a reduction in the price of gas oil that could reach 18 cents per liter. This reduction is expected to take effect starting November 1. One guarantee: the entirety of this financial benefit must be passed on to the price paid by consumers. This measure will also benefit consumers of non-road gas oil, fishing gas oil, domestic fuel oil, and gas oil in overseas territories
The CEO of a US energy company whose plans were discussed during the Witkoff-Kushner-Putin negotiations resigns. He learned that his company's main investor is a sanctioned Russian company, not the UAE
Trump invoked the Defense Production Act to expand domestic petroleum production, refining and logistics — declaring the capacity essential to national defense and directing the Defense Department to make purchases, commitments and financial support to speed projects
Trump: Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election. They are even making up fake hits, mines, and everything else, because more Oil is coming through the Hormuz Strait now than it did even prior to the beginning of the Conflict
Saudi Aramco has instructed staff to evacuate its headquarters in Dhahran and work remotely, six sources with knowledge of the matter said on Thursday. Aramco did not immediately respond to a request for comment
The United States is "not negotiating" with Iran, and a development is expected "fairly soon". "Most people seem to think it's after the election, we're gonna see what happens." President Trump in a remark to @LibbeyDean_
Saudi Arabia's Energy Ministry says air defenses intercepted a drone attack targeting a facility at the Shaybah oil field. Two residents and one other person were injured in a vehicle fire
Syria's Directorate for Emergency and Disaster Management: Civil Defence teams have taken control of a fire caused by the leakage of flammable materials in one of the Jasba oil fields due to a power outage, with no casualties reported
Middle East oil flows averaged more than 24 million barrels in 24 hours (BPD) in the week through October 18th, above the prewar average of 23.3 million BPD, according to Kpler ship tracking data reported by The Wall Street Journal. To accomplish this, tankers load inside the Persian Gulf and run through the Strait of Hormuz, often with their automatic identification system (AIS) off and under U.S. air cover along Oman's coast, then transfer cargo to other ships near Oman before returning. That route moved about 14 million barrels a day, or 82% of prewar levels, in preliminary figures. Pipelines across Saudi Arabia and the United Arab Emirates (UAE) and other alternative routes carry the rest of the regional total, or up to 10 million BPD. Kpler estimates about 40% of non Iranian Gulf crude oil bypassed the strait in September, up from 17% before the war. The Journal counts about 30 attacks on ships this month. Brent crude was around $108 a barrel yesterday
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YemenHouthi-held Hodeidah airport, telecommunication networks on Mount Bard in Kusmah district, Raymah governorate and in Bani Matar in Sana'a were targeted by airstrikes. Photo from Hodeidah airport
