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Drought in the Panama Canal is eating into US petroleum exports to Latin America’s Pacific coast, according to analysts.

Panama Canal Drought Weighs on US Product Flows

The Panama Canal is of immense strategic importance to crude oil shippers significantly reducing the voyage time for oil tankers traveling between...

The recent chaos in the Red Sea, due to attacks by Iran-backed Houthi rebels, has significantly disrupted international shale oil shipping routes.

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Red Sea Turmoil: A Boon for U.S. Shale as Global Oil Dynamics Shift

The recent chaos in the Red Sea, primarily due to attacks by Iran-backed Houthi rebels, has significantly disrupted international oil shipping routes....

EU Commission & 3 EU baltic countries linked to Russia's grid pledge to join Europe's electricity network by Feb 2025.

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Baltic States Vow before EU to Delink from Russian Grid by February 2025

Story By Jov Onsat|RigZone.com| The European Commission and the three remaining European Union Baltic countries connected to the Russian power grid have...

Oil majors operating in Guyana’s waters are “moving ahead aggressively” with exploration despite Venezuela’s threats to take over the region.

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Oil Majors in Guyana Advance Plans despite Venezuela Threats: Prez Ali

Story by Patricia Laya & Nicolle Yapur|Bloomberg, via RigZone.com| Oil majors operating in Guyana’s waters, are “moving ahead aggressively” with production plans...

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Maduro Orders Resource Exploitation in Essequibo

Venezuelan President Nicolás Maduro has directed state-owned enterprises to begin immediate exploration and exploitation of oil, gas, and minerals in Guyana’s Essequibo...

Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a U.S. warship there opened fire in self-defense.

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Ships face Houthi-claimed attack in Red Sea as officials say a US warship also fires in self-defense

DUBAI, United Arab Emirates (AP) — Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a...

World oil demand continues to exceed expectations and this years surge will take the numbers higher to 102 million barrels per day.

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World Oil Demand Continues to Exceed Expectations

Story by Andreas Exarheas|Rigzone Staff| World oil demand continues to exceed expectations, the International Energy Agency (IEA) stated in its latest oil...

Yemen's Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday taking 25 crew members hostage.

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Yemen’s Houthi rebels hijack an Israeli-linked ship in the Red Sea and take 25 crew members hostage

JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...