European end-users are looking toward WTI Midland to fill their light sweet crude requirements despite the backwardated market structure amid limited North Sea crude availability, traders said. “Europe has been paying strong numbers to pull the barrels over,” one...

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U.S. oil major ExxonMobil has kicked off the first production from the second phase of its Liza project located on the Stabroek Block, making it Guyana’s second offshore development now in production. ExxonMobil informed late on Friday that it had started production...

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An escalation of military tensions between Russia and Ukraine could put up to 155 billion cubic meters per year of natural gas imports to Europe at risk if the conflict causes Russia to halt deliveries, Rystad Energy research estimates. The figure corresponds to 30%...

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A team of Boeing alumni has launched a startup company focused on developing an all-electric wing-in-ground effect (WIG) craft for short-haul coastal flights – and they are winning investment support from some big names.  Regent (Regional Electric Ground...

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The Federated States of Micronesia (FSM) will temporarily rescind its withdrawal from the Pacific’s main political forum, the country’s foreign ministry said on Saturday, hours ahead of a visit of U.S. Secretary of State Antony Blinken to Fiji. (The Marshall...

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