U.S. LNG Exports Poised for 40% Surge as Europe Purchases Record Volumes
U.S. liquefied natural gas (LNG) exports are expected to jump 40% year-over-year this month, reaching an estimated 10.7 million tons, according to new projections from Kpler reported by Bloomberg. Rising LNG Supply Pushes European Gas Prices to One-Year Lows A strong wave of U.S. LNG supply has already driven down European natural gas prices to […]
UK Auto Production Drops 31% in October as Cyberattack and Weak Exports Take Toll
The UK automotive sector suffered a sharp downturn in October, with total vehicle production falling 30.9% year-over-year to 62,116 units, according to fresh data from the Society of Motor Manufacturers and Traders (SMMT). The steep decline reflects ongoing disruptions from a major cyberattack affecting the country’s largest carmaker, as well as broader challenges facing UK […]
Petrobras Reduces Five-Year Spending Plan as Oil Prices Weaken
Brazilian energy giant Petrobras has announced a downward revision of its capital expenditure outlook for the next five years, reflecting the continued drop in global oil prices. The company’s updated investment plan for 2026–2030 is now 2% lower than previously projected. Lower Dividends Expected Through 2030 According to Reuters, Petrobras also plans to scale back […]
Nayara Energy Defies Sanctions With Record Russian Crude Intake
India’s Nayara Energy has managed to navigate one of the toughest sanction environments in its history — and instead of slowing down, the Rosneft-linked refiner is now importing record volumes of Russian crude. Despite tightened EU and U.S. restrictions, crude intake at Nayara’s 400,000-b/d Vadinar refinery has surged to 420,000 b/d in November, exceeding the […]
Japan Maintains Its Commitment to Russian Oil and Gas Despite Sanctions Pressure
Japan has reaffirmed that crude oil and natural gas imports from overseas—including Russia—remain critical to the country’s energy security. Speaking to Reuters, Japan’s Ministry of Economy, Trade, and Industry emphasized the strategic importance of the Sakhalin-1 oil and gas project located in Russia’s Far East. Energy Security Comes First for Japan In its statement, the […]