KEYFACTSEnergy News

https://www.keyfactsenergy.com/news/

Birol Urges EU to Reconsider Arctic Drilling Moratorium

11 July 2026, 12:00pm
International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic.
Read more... (source: www.rigzone.com)

IEA Says UAE Oil Output Surged to Record High in June

10 July 2026, 8:00pm
The country pumped 4.1 million barrels a day on average in June, the International Energy Agency said in its monthly report.
Read more... (source: www.rigzone.com)

BOEM Explores Potential for OCS Space Launch and Recovery

10 July 2026, 2:55pm
'The Outer Continental Shelf presents a significant opportunity to support the future of America's space economy', Acting BOEM Director Matt Giacona said.
Read more... (source: www.rigzone.com)

Venezuela Breaks Up Oil Monopoly Under New Rules

10 July 2026, 2:26pm
Venezuela's interim government published long-awaited oil regulations on Thursday.
Read more... (source: www.rigzone.com)

Chevron to Continue Supplying Gas to Australian Utility Alinta

10 July 2026, 12:03pm
Chevron signed a new agreement to supply 46 petajoules of Western Australian natural gas to Alinta over five years.
Read more... (source: www.rigzone.com)

EIA Cuts 2026, 2027 USA Gasoline Price Projection

10 July 2026, 11:19am
The EIA lowered its U.S. regular gasoline price projection for both 2026 and 2027 in its latest short term energy outlook.
Read more... (source: www.rigzone.com)

Strategists Expect USA-Iran Tension to be Short Lived

10 July 2026, 10:05am
Macquarie strategists said they expect the renewed tension in the Middle East between the U.S. and Iran to be 'relatively short-lived'.
Read more... (source: www.rigzone.com)

ADNOC, Mitsui Ink Broad Energy Partnership

10 July 2026, 9:05am
ADNOC and Mitsui will explore collaboration in 'crude oil market development and long-term supply, LNG sales and optimization, sulfur procurement and logistics, and shipping solutions for LNG, ammonia, sulfur and other commodities', ADNOC said.
Read more... (source: www.rigzone.com)

New Pipeline Paves Way for Increased Israeli Gas Exports to Egypt

10 July 2026, 8:14am
State-owned Israel Natural Gas Lines completed a project to expand the pipeline system that delivers Israeli natural gas to Egypt.
Read more... (source: www.rigzone.com)

India to Expand Crude Reserves

10 July 2026, 7:00am
The board of the country's largest oil-and-gas producer gave the green light to add 1.75 million tons of capacity in Mangalore, Karnataka, to national crude reserves.
Read more... (source: www.rigzone.com)

Crypto Startup Trying to Put a Barrel of Oil on Blockchain

9 July 2026, 8:00pm
A small crypto startup is trying to persuade the industry to experiment with a different kind of frontier: putting a barrel of oil on a blockchain.
Read more... (source: www.rigzone.com)

Crude Slides on Easing Tensions

9 July 2026, 7:48pm
Oil prices fell as traders bet the US-Iran conflict would remain limited.
Read more... (source: www.rigzone.com)

Hormuz Ship Insurance Demand Drops

9 July 2026, 3:08pm
London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen.
Read more... (source: www.rigzone.com)

USA EIA Reveals Latest Oil Price Forecast

9 July 2026, 2:35pm
The U.S. Energy Information Administration revealed its latest oil price forecast for 2026 and 2027 in its July short term energy outlook.
Read more... (source: www.rigzone.com)

The United States produced more crude oil than any other country in 2025

9 July 2026, 2:00pm
The United States remained the world's largest crude oil producer in 2025, according to our International Energy Statistics database, extending a streak that began in 2018 when the United States overtook Russia to become the world's leading producer.
Read more... (source: www.eia.gov)

AEP Texas Secures $3.26B DOE Loan

9 July 2026, 1:00pm
The new loan is on top of a $1.6-billion loan guarantee that AEP earlier secured from the Trump administration's Energy Dominance Financing Program.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise Week on Week

9 July 2026, 11:23am
Crude oil stocks, not including the SPR, stood at 411.4 million barrels on July 3, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Hormuz Tanker Traffic Stops

9 July 2026, 10:07am
Jorge Leon, Head of Geopolitical Analysis at Rystad, noted that tanker traffic through the Strait of Hormuz had 'essentially stopped'.
Read more... (source: www.rigzone.com)

US Strikes Iran for 2nd Straight Day

9 July 2026, 6:47am
U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.
Read more... (source: www.rigzone.com)

TotalEnergies Ships First LNG Cargo from Mexican Pacific Coast to Asia

9 July 2026, 6:47am
'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.
Read more... (source: www.rigzone.com)

ADNOC Scores 15-Year Deal to Supply 1 MMtpa of LNG to INPEX

9 July 2026, 6:30am
Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.
Read more... (source: www.rigzone.com)

U.S. exports of crude oil and petroleum products reached record in April

8 July 2026, 2:00pm
U.S. petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for U.S. exports. Exports increased to 13.6 million barrels per day (b/d) in April, 15% more than the previous record set in March.
Read more... (source: www.eia.gov)